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Testimony
Pensions & Benefits
The Health Care Savings Agreement: A Look Back and a Look Forward
Testimony Submitted to the New York City Council Committees on Finance and Civil Service and Labor
November 29, 2018
Savings to health benefit expenditures are crucial to attaining labor settlements that are fair and reasonable for both City employees and taxpayers.
Podcast episode
City Budget
7.42%, with NYC Labor Commissioner Bob Linn
July 27, 2018
7.42% is the compounded salary and wage increases for members of DC37, the City’s largest municipal union for civilian workers, under a new contract that sets the pattern for negotiations with other labor unions. NYC Labor Commissioner Bob Linn joins the podcast to discuss this deal, the dynamics of negotiating with the public workforce, and why health insurance is an area long overdue for savings.
Podcast episode
City Budget
$225 million, with NYC Comptroller Scott Stringer
June 21, 2018
$225 billion is the total amount added to reserves and the retiree health benefits trust fund in the recently adopted budget. In contrast, the City added more than $2 billion in new spending, far outpacing what was set aside. NYC Comptroller Scott Stringer joined the podcast to discuss the adequacy of the City's reserves, agency spending, and other issues
Report
Pensions & Benefits
2018 Benefit Sweetener Scorecard
May 18, 2018
The balance of this year's legislative session will be devoted to moving bills through the legislative process, including proposals to enhance the benefits of State and local public employees and retirees.
Podcast episode
City Budget
176,000, with Patrick Orecki
May 11, 2018
176,000 is the number of New Yorkers statewide currently enrolled in Health Home, a Medicaid program that coordinates care for individuals with complex health needs. CBC Research Associate Patrick Orecki summarizes the state's experience with the Health Home initiative.You can read CBC's report "Options for Enhancing New York's Health Home Initiative" here: https://cbcny.org/research/options-enhancing-new-yorks-health-home-initiative
Podcast episode
City Budget
1,441, with Dr. Mary Bassett
July 11, 2018
1,441 is the number of overdose fatalities in New York City in 2017. NYC Commissioner of Health Dr. Mary Bassett discusses Healing NYC, a new program designed to combat the opioid health crisis, as well as neighborhood health clinics, lead testing at NYCHA and more.
Blog
City Budget
Take the NYC Fiscal Monitor Reports with a Grain of Salt
January 05, 2018
NYC's four institutional fiscal are generally optimistic about the City's fiscal health; read why that should be taken with a grain of salt.
Podcast episode
City Budget
$72.4 billion, with Dr. Charles Brecher
February 08, 2018
$72.4 billion is total Medicaid spending in the NYS Executive Budget for FY 2019. CBC's Senior Advisor for Health Policy Dr. Charles Brecher joined WT[D]P to discuss progress on Medicaid reforms and the potential impact of federal actions on health care in New York.
Report
Pensions & Benefits
Union-Administered Benefit Funds
Getting More Out Of A Billion Dollar Taxpayer Contribution
February 08, 2018
NYC taxpayers are projected to contribute $1.1 billion to 108 union-administered benefit funds. Better management, oversight, and consolidation can create more than $160 million in savings for the City and improve benefits for members.
Blog
City Budget
A Budget Strategy for Mayor de Blasio's Second Term
January 29, 2018
Four strategies to help Mayor de Basio think through budgeting in his second term.
Report
City Budget
Short-term Goals for Long-term Debt
Time to Prioritize Reducing New York City’s Liabilities
September 18, 2018
Paying down the City's debts should be a greater priority.
Blog
Public Workforce
The Cost of a Growing City Workforce
Ballooning Budgets and Long-term Liabilities
July 10, 2018
NYC’s municipal workforce is projected to reach a record 331,520 employees by the end of fiscal year 2019. Headcount expansion has a significant impact on the City’s budget and long-term financial position.
Press Release
City Budget
CBC Recommends Budget Strategies for Mayor de Blasio's Second Term
January 26, 2018
In order to reach, and then sustain, budget stability in the Mayor’s second term, the budget should contain spending growth; build reserves; reduce the size of the capital plan and the cost of capital projects; and strengthen finances at NYCHA and NYC H+H.
Press Release
Pensions & Benefits
CBC Uncovers Potential $160 Million In Savings From Better Management Of NYC's Union-Administered Benefit Funds
February 08, 2018
CBC today released the report Union-Administered Benefit Funds: Getting More Out of a Billion Dollar Taxpayer Contribution, which gives short-term and long-term recommendations for improving the inefficient operations of union-administered benefit funds.
Blog
City Budget
NYC Adopted Budget Falls Short
June 26, 2018
On June 14, 2018 the New York City Council adopted the Fiscal Year 2019 Budget. Given strong economic growth and some higher than expected tax revenue generated by federal tax reform, the ample resources allowed Mayor Bill de Blasio and the Council to come to a deal quickly.
Statement
City Budget
CBC Statement on NYC FY19 Preliminary Budget: Wait and See All Over Again
February 01, 2018
Before the going gets tough, the Mayor should get going by limiting spending growth, bolstering the savings plan, and adding to reserves
Op Ed
City Budget
Forcing budget discipline on big spender Bill
New York Daily News
May 02, 2018
Last week, Mayor de Blasio released an executive budget detailing $90.8 billion in spending in fiscal year 2019.
Blog
Pensions & Benefits
NYC Long-term Liabilities Top $257 Billion
October 31, 2018
The City's liabilities reached a record $257.3 billion, an increase of $4.7 billion since fiscal year 2017.
Report
Taxes
Practical Policy in Challenging Circumstances:
How NYS and NYC Should Respond to the Tax Cuts and Jobs Act
March 18, 2018
Strategies to mitigate the federal tax law's threat to New York's competitiveness and New Yorkers' wallets.
Report
City Budget
Reviving EMS
Restructuring Emergency Medical Services in New York City
November 25, 2018
The City of New York spends more than $1.1 billion annually in an effort to provide its residents and visitors this vital service, but the money is not used wisely.