As the City begins a fragile economic recovery, this financial plan presents a crucial opportunity to take actions that will place the City on a firmer fiscal footing and ensure its competitiveness for the long-term.
Executive Vice President and Director of Research Charles Brecher pens this op-ed that discusses ways to rein in growth of the City's retirement benefits, notably penions and health insurance.
Research Director Chuck Brecher outlines 5 alternative solutions for saving up to $2 billion in Mayor Bloomberg's preliminary budget. Each of these proposals would avoid widespread layoffs and the reduction of other vital services.
This letter from the CBC outlines a new fiscal strategy that would address the structural imbalance in the City's budget for fiscal year 2010. The key elements of the new fiscal strategy should be: 1) no new or higher taxes that harm prospects for economic recovery and growth; 2) reduce operating expenditures in ways that lower the cost of producing services rather than the availability o
CBC releases the following statement on Mayor Michael Bloomberg's financial plan for fiscal year 2008-2009, with particular emphasis on the projected surplus of $4.1 billion in the current fiscal year.
