Doing More With Less: Money-Saving Priorities For City Contract Talks by E.J. McMahon | NY Torch

Mayor Bloomberg could realize more than $1.2 billion a year in city budget savings if he can get municipal employee unions to agree to proposed labor givebacks and productivity reforms including a health insurance co-pay, a longer work day for teachers, more scheduling flexibility for cops and firefighters, and less vacation and leave time for newly hired workers. But it all starts with ‘the zero option’—a pay freeze after current contracts expire in fiscal year 2003.

Small Change by E.J. McMahon | | New York Posts

There are a whole lot of ways to close a $4.9 billion gap in a $40 billion budget, as Mayor Bloomberg demonstrated once again this week. He wants to balance the budget without imposing economically devastating tax hikes.

Proposed Tax Hike Would Destroy Jobs by E.J. McMahon | NY Torch

A majority of City Council members has called on the council leadership to back a city income tax surcharge of up to 55 percent on high-income New Yorkers. This $1.23 billion tax increase would have a devastating impact on the city's economy, leading to the loss of another 48,000 jobs, according to the Manhattan Institute’s tax policy analysis model. It would boost the combined state and city income tax rate to a maximum of 12.5 percent—nearly double the next-highest rate in any neighboring state.

A Killer of a Living Wage by E.J. McMahon | | New York Posts

As if New York's economy wasn't already stressed enough, there's a renewed push in the City Council for a local "living wage" law that could hinder the city's economic renewal while reducing job opportunities for the very people it is supposed to help.

Competitive Contracting of Bus Service: A Better Deal for Riders and Taxpayers Reports

At a time when New York desperately needs to find ways of delivering public services more efficiently, its transit bus operations could prove to be a significant source of recurring savings for the future.

The key to unlocking these savings is competition—an essential spur to improved performance and efficiency that’s been missing from transit in New York for most of the past 50 years.

It’s Still ‘Borrow and Spend’ in New York by E.J. McMahon | | Newsday

The two New Yorks - city and state - were the nation's twin towers of public indebtedness long before the tragic events of Sept. 11 placed extraordinary new strains on their budgets.
1 98 99 100 103