CBC Statement on the Preliminary UFT Contract

Oct 03, 2005

CBC comments on the City's preliminary contract with the United Federation of Teachers which included a "time for money" agreement that added time to the school day in exchange for higher salaries.

New York's Endangered Future: Debt Beyond Our Means

Sep 22, 2005

New York State's debt obligations will require current and future taxpayers to bear a burden that creates a competitive disadvantage with the other states. The core issue is that New York has no effective legal limits on the amount of debt it can assume.

CBC Announces Opposition to Transportation Bond Act

Sep 22, 2005

CBC announces its opposition to the proposed Transportation Bond Act of 2005, which appeared on the ballot in November 2005. The Bond Act would authorize just $2.9 billion of an additional $13.2 billion in new state debt.

Encouraging Small Business Success in New York City and Northern New Jersey: What Firms Value Most

Jul 29, 2005

This survey of small businesses in New York City and Northern New Jersey finds that these businesses broadly agree on the three most important factors to success: 1) Overall cost of business; 2) Proximity to clients and markets; and 3) Access to a skilled labor force.

Letter to Governor Pataki on Pension and Heath Insurance Benefits of Public Employees

Jul 27, 2005

CBC urges the Governor to veto any bills that would increase the cost of fringe benefits and pensions for public employees. With both the City and the State facing multi-billion dollar deficits in the coming years, supplementing already generous benefits is unnecessary and unwise.

CBC Urges Governor to Veto Bills That Would Increase the Cost of Fringe and Pension Benefits For Public Employees

Jul 27, 2005

CBC urges the Governor to veto any bills that would increase the cost of fringe benefits and pensions for public employees. Changes to the State's already generous fringe benefits and pension should not be unilaterally decided by state law.

CBC Executive Vice President and Research Director Charles Brecher Before New York City Charter Revision Commission

Jun 27, 2005

In testimony to the New York City Charter Revision Commission, CBC endorses the Commission’s proposals to incorporate in the City Charter many of the financial planning and related measures now in the Financial Emergency Act, including four-year financial plans with quarterly modifications, strict limits on short-term borrowing, requiring year-end GAAP balance, and establishing financial report

The Palisades Principles Revisited: A Progress Report

Jun 04, 2005

CBC reviews New York State’s progress on the 10 principles of budget reform known as the Palisades Principles. These 10 principles  emerged from a statewide conference of civic and business leaders held in November 2003 in Palisades, NY. Of the 10 principles, four have shown “no progress”; five have shown “some progress”, and only one has shown “significant progress”.

The Myth of the "Uncontrollables": Four Ways New York City Can Take Control of Its Financial Future and Save $2.5 Billion per Year

May 12, 2005

For years New York City mayors have bemoaned the fact that much of the budget is “uncontrollable.” Different mayors have used a variety of terms, including “unfunded mandates” and “non-discretionary spending,” to describe these items.

CBC Urges the City of New York to Tackle the So-Called "Uncontrollable" Items in its Budget

May 12, 2005

CBC analyzes the so-called “uncontrollable” or “non-discretionary” items in the New York City budget. The report – entitled "The Myth of the Uncontrollables” – urges the City to take action on these items, rather than accept them as inevitable cost increases. The report identifies four ways the City should take the lead in pursuing $2.5 billion in annual savings by fiscal year 2009.

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