Kathryn Wylde, President and CEO of the Partnership for New York City, will testify today in front of the New York State Senate Committee on Education in support of mayoral control of schools in New York City. Her full testimony as prepared for delivery is below.
“Mayoral control has restored the confidence of employers in our city school system,” Wylde’s testimony states. “The signatories to the letter are not necessarily Democrats nor fans of Mayor de Blasio. They are advocates for a well-run public education system. We hope the legislature appreciates the importance of this issue enough to rise above politics and extend mayoral control for at least three years.”
Business Leaders Stephen A. Schwarzman, Richard Beattie, Candace Beinecke & Blair Effron Join Mayor de Blasio to Call for Stable School Governance and Mayoral Accountability
In a letter to Governor Cuomo and leaders of the State Senate and Assembly, over 100 CEO-level members of the Partnership for New York City today urged legislative action to maintain mayoral control of the city school system – a governance system that expires in June – for at least three years. If the State Legislature does not act, the city would legally revert to a system run by the old Board of Education, which previously presided over the deterioration of public education in the five boroughs.
The letter stated, “We need a stable governance system to sustain progress toward the shared objective that every student has the educational experience they need and deserve. There is no justification for exposing more than a million students to the turmoil that would result from the expiration of a system that has served the city well.”
WITH NEW YORK VOTER PARTICIPATION AT ALL-TIME LOWS, NEW #PROMOTETHEVOTE CAMPAIGN AIMS TO INCREASE TURNOUT FOR STATE’S PRESIDENTIAL PRIMARY
Nonpartisan Initiative Enlists Employers to Encourage Employees to Vote
Employers Can Sign Up at PromoteTheVote.nyc
New York, NY – The Association for a Better New York (ABNY) and the Partnership for New York City, along with elected officials, civic, business and labor groups and non-for-profit organizations, today launched the #PromoteTheVote campaign, a first-of-its-kind effort to increase voter turnout in New York. With state voter participation among the lowest in the nation, this new nonpartisan initiative will enlist employers in a push to encourage employees to get to the polls for New York’s April 19 presidential primary.
In a report released today, the Partnership for New York City, the city’s leading business organization, expressed reservations with a congestion pricing plan called MoveNY. The report concludes that, while congestion pricing is something New York City should seriously explore, the benefits of MoveNY are open to question and depend on actions and investments by state and local government. The Partnership recommends that the plan’s projected revenue, congestion reduction totals, and economic impact be further studied and validated by public agencies. The Partnership reached this conclusion with the support of the NYU Center for Urban Science and Progress (CUSP), which convened a panel of experts to review and assess the proposal at the Partnership’s request.
“Smaller than anticipated Wall Street bonuses, reported today by New York State Comptroller Tom DiNapoli, suggest that the city and state will not have the tax revenues they counted on for 2016-17. The Comptroller’s findings are clear evidence that the tough new financial regulations put in place in the past five years are hurting New York, in terms of both economic activity and tax revenues. A survey conducted last year by the Partnership for New York City found that regulated financial institutions are primarily hiring people in compliance and risk management, while profit- and bonus-generating jobs in trading and underwriting are being cut back. Politicians who are calling for even more regulation of the financial industry, including our Mayor, need to keep in mind that the financial industry is responsible for approximately 40% of our local economy and directly contributes almost 20% of our tax revenues. New York cannot continue to thrive if Wall Street withers.”
The Partnership for New York City, the city’s leading business organization, today released data showing the economic impact a NJ Transit rail strike would have on New York City employers. A strike is expected if railroad and rail union officials do not reach a contract agreement by March 13th. The Partnership estimates that every hour commuters are delayed in getting to work due to NJ Transit rail being out of service will cost New York City employers $5.9 million.
Long-Term Unemployment Down Almost 60% From 2010 Peak
City Spending up 7.5%, Slightly Ahead of Revenues
The Partnership for New York City, the city’s leading business organization, today released its latest Dashboard NYC, a quarterly snapshot of key economic and quality-of-life indicators. The data for the fourth quarter of 2015 shows a historic high in jobs—4.3 million—and an unemployment rate at 4.9%, almost reaching pre-recession lows.
Employment in New York City rose 2.3% in the past year, driven by job increases in almost every sector, including Financial Services, Professional Services, Construction and Healthcare. The only sector that saw a decline in jobs was the manufacturing sector.
Kathryn Wylde, President and CEO of the Partnership for New York City, will testify later today in front of the Zoning and Franchises Subcommittee of the New York City Council in support of the proposed Mandatory Inclusionary Housing (MIH) and Zoning for Quality and Affordability (ZQA) text amendments. Her full testimony is below.
According to Wylde, “a massive, collaborative approach is required to meet the demand for affordable housing that neither government nor the private sector can accomplish on its own…In order to launch a housing production program that matches the scale of need, the city has to rely on changing its zoning requirements, more flexible design and use of air rights, in order to accommodate greater density and to create value that can be leveraged for the public good. This cannot be accomplished in a timely fashion or at scale unless it is a citywide zoning policy.”
“Tonight Mayor de Blasio focused on investing in the city ‘s future, ranging from building new centers of innovation and economic activity to developing a novel transit connector between Brooklyn and Queens and creating a network of health centers serving the South Bronx. These are priorities that the business community shares – practical and achievable. They will contribute to the city’s vitality and stimulate private investment.”
“Today there are 137,000 open job postings in New York City, largely because employers cannot find people with the requisite skills to fill them. This is why the business community strongly supports Governor Cuomo’s proposals to provide equitable state funding for charter schools as well as a tax credit for supporters of parochial schools. New York must develop a new generation of talent in order to maintain our position as a global center of innovation and commerce, and investing in a full range of education opportunities is the only way to accomplish that.”