New York State Senate Budget Response

Resource Type: News, Statements

“The new State Senate majority has issued a fiscally responsible set of budget recommendations that conform to the Governor’s 2 percent cap on growth in state spending. They have also endorsed congestion pricing, rather than imposing another personal income tax on high earners, as the preferred source of new revenues for mass transit. Senate Majority Leader Andrea Stewart-Cousins and her members are to be congratulated for their thoughtful approach to the challenging issues the state faces this year,” said Kathryn Wylde, President & CEO of the Partnership for New York City.

Over 100 Business Leaders Push for Mayoral Control

Resource Type: News, Press Releases

Today, the Partnership for New York City issued a letter signed by over 100 business leaders urging Governor Cuomo and the state legislature to extend mayoral control over the city’s public schools. Since 2002, when the mayor was given responsibility for governance of the schools, there have been significant improvements in educational outcomes for the city’s students. Albany has refused to make the system permanent, despite the fact that it is clearly superior to alternatives that caused schools to deteriorate.

Dear Governor Cuomo, Senate Majority Leader Stewart-Cousins, and Assembly Speaker Heastie,

New York City’s business community strongly supports multi-year extension of mayoral control of the New York City public school system. A quality education is the key to unlocking economic opportunity for the city’s residents. Mayoral accountability for management of the system is essential to achieving that objective.

The governance system that was put in place by state legislative action in 2002 has resulted in demonstrable improvements in educational outcomes in the city. Graduation rates are up and disparities due to income and race are being reduced. Dropout rates are at historic lows. More students than ever are taking and passing Advanced Placement exams and English test scores are up in every district.

These improvements would not have been possible without the clarity of a system in which the mayor has the clear authority over leadership, labor contracts, management and budget. We urge you to pass a multi-year extension of the current law and not risk reversion to a dysfunctional governance system.

Sincerely,

Lee S. Ainslie, III, Managing Partner, Maverick Capital

Ellen Alemany, Chairman & CEO, CIT Group Inc.

Robert Bakish, President & CEO, Viacom Inc.

Ajay Banga, President & CEO, Mastercard

Candace K. Beinecke, Senior Partner, Hughes Hubbard & Reed LLP

William H. Berkman, Managing Partner, Associated Partners, LP

Kathy Bloomgarden, Chief Executive Officer, Ruder Finn, Inc.

Adam M. Blumenthal, Managing Partner, Blue Wolf Capital Management

Neil Blumenthal, Co-Founder & Co-CEO, Warby Parker

Albert Bourla, Chief Executive Officer, Pfizer Inc.

John Bruckner, President, NY, National Grid

Martin S. Burger, Chief Executive Officer, Silverstein Properties, Inc.

John Catsimatidis, Chairman & CEO, Red Apple Group, Inc.

Rodgin Cohen, Senior Chairman, Sullivan & Cromwell LLP

Creighton Condon, Senior Partner, Shearman & Sterling

Daniela Constantino, Partner, Mason Capital Management, LLC

Michael L. Corbat, Chief Executive Officer, Citigroup Inc.

Anthony J. de Nicola, President, Welsh, Carson, Anderson & Stowe

Barry Diller, Chairman & Senior Executive, IAC and Chairman & Senior Executive, Expedia, Inc.

William R. Dougherty, Chairman, Executive Committee, Simpson Thacher & Bartlett LLP

Lynne Doughtie, U.S. Chairman & CEO, KPMG LLP

Douglas Durst, Chairman, Durst Organization Inc.

Joel S. Ehrenkranz, Partner and Co-Founder, Ehrenkranz Partners L.P.

Joseph R. Ficalora, President & CEO, New York Community Bancorp, Inc.

Laurence D. Fink, Chairman & CEO, BlackRock, Inc.

John Fish, Chairman & CEO, Suffolk

Winston C. Fisher, Partner, Fisher Brothers

Alan H. Fishman, Chairman, Ladder Capital Finance LLC

William E. Ford, Chief Executive Officer, General Atlantic LLC

Paul Fribourg, Chairman & CEO, Continental Grain Company

Mark T. Gallogly, Co-Founder & Managing Principal, Centerbridge Partners

Jeff Gennette, Chairman & CEO, Macy’s, Inc.

Eric Gertler, Executive Chairman, U.S. News & World Report

Dave Gilboa, Co-Founder & Co-CEO, Warby Parker

MaryAnne Gilmartin, Chief Executive Officer, L&L MAG

Daniel Glaser, President & CEO, Marsh & McLennan Companies, Inc.

Barry M. Gosin, Chief Executive Officer, Newmark Knight Frank

Jonathan N. Grayer, Chairman & CEO, Weld North LLC

Logan Green, Co-Founder & CEO, Lyft

Kelly Grier, U.S Chairman & Americas Managing Partner, Ernst & Young LLP

Robin Hayes, Chief Executive Officer, JetBlue Airways Corporation

Brian T. Horey, President, Aurelian Management

Joseph Ianniello, President, CBS Corporation

Frederick J. Iseman, Chairman & CEO, CI Capital Partners LLC

Kenneth M. Jacobs, Chairman & CEO, Lazard Ltd

Brad S. Karp, Chair, Paul, Weiss, Rifkind, Wharton & Garrison LLP

Jeremy M. Kroll, Co-Founder & CEO, K2 Intelligence

William P. Lauder, Executive Chairman, The Estée Lauder Companies, Inc.

Joseph M. Leccese, Chairman of the Firm, Proskauer

Joey Levin, Chief Executive Officer, IAC

Martin Lipton, Senior Partner, Wachtell, Lipton, Rosen & Katz

Howard W. Lutnick, Chairman & CEO, Cantor Fitzgerald L.P.

Vikram Malhotra, Chairman of the Americas, McKinsey & Company, Inc.

Anthony E. Mann, President & CEO, E-J Electric Installation Co.

Donald B. Marron, Chairman, Lightyear Capital

Peter W. May, President & Founding Partner, Trian Partners

John McAvoy, Chairman, President & CEO, Con Edison, Inc.

Charles R. McCall, Chief Executive Officer, Astoria Energy II LLC &, Astoria Energy LLC

Heidi Messer, Co-Founder & Chairman, Collective[i]

Edward J. Minskoff, President, Edward J. Minskoff Equities, Inc.

Ken Moelis, Chairman and CEO, Moelis & Company

Greg Mondre, Managing Partner & Managing Director, Silver Lake

Deanna M. Mulligan, President & CEO, The Guardian Life Insurance Company of America

Kentaro Okuda, President & CEO, Nomura Holding America Inc.

Jon Oringer, Founder & CEO, Shutterstock, Inc.

Mark Pearson, Chairman & CEO, AXA Equitable Life

Charles E. Phillips, Jr., Chief Executive Officer, Infor

Scott Powell, Chief Executive Officer, Santander US

Deirdre Quinn, Co-Founder & CEO, Lafayette 148 New York

Steven L. Rattner, Chairman, Willett Advisors LLC

Scott H. Rechler, Chairman & CEO, RXR Realty LLC

Thomas J. Reid, Managing Partner, Davis Polk & Wardwell LLP

James D. Robinson, III, Co-Founder & General Partner, RRE Ventures

Michael I. Roth, Chairman & CEO, Interpublic Group

Steven Rubenstein, President, Rubenstein Communications, Inc.

William C. Rudin, Co-Chairman & CEO, Rudin Management Company, Inc.

Kevin P. Ryan, Chairman & Founder, Zola, Workframe, Nomad Health, MongoDB, Inc.

Timothy Ryan, U.S. Chairman & Senior Partner, PricewaterhouseCoopers, LLP

Faiza Saeed, Presiding Partner, Cravath, Swaine & Moore LLP

Scott Salmirs, President & CEO, ABM Industries Inc.

Charles Scharf, Chairman & CEO, BNY Mellon

Michael Schmidtberger, Partner & Chair of the Executive Committee, Sidley Austin LLP

Alan D. Schnitzer, Chairman & CEO, The Travelers Companies, Inc.

Alan D. Schwartz, Executive Chairman, Guggenheim Partners, LLC

Stephen A. Schwarzman, Chairman, CEO & Co-Founder, Blackstone

Tarek Sherif, Chairman & CEO, Medidata Solutions, Inc.

Jonathan Silvan, Chief Executive Officer, Global Strategy Group, LLC

Larry A. Silverstein, Chairman, Silverstein Properties, Inc.

David M. Solomon, Chairman & Chief Executive Officer, Goldman Sachs & Co.

Rob Speyer, President & CEO, Tishman Speyer

Stephen Squeri, Chairman & CEO, American Express Company

Arthur P. Steinmetz, Chairman & CEO, OppenheimerFunds, Inc.

Steven R. Swartz, President & CEO, Hearst

Mary Ann Tighe, Chief Executive Officer, NY Tri-State Region, CBRE, Inc.

Daniel R. Tishman, Vice Chairman, AECOM & Principal, Tishman Realty

Paul Todd, Chief Executive Officer, GLG

Bridget van Kralingen, Senior Vice President, Global Industries, Platforms & Blockchain, IBM Corporation

George H. Walker, Chairman & CEO, Neuberger Berman Group LLC

David R. Weinreb, Chief Executive Officer, The Howard Hughes Corporation

Charles Weinstein, Chief Executive Officer, EisnerAmper LLP

Robert Wolf, Chief Executive Officer, 32 Advisors, LLC

Kathryn S. Wylde, President & CEO, Partnership for New York City

Brett Yormark, Chief Executive Officer, BSE Global

Strauss Zelnick, Partner, ZMC

John Zimmer, Co-Founder & President, Lyft

Diverse Leaders Urge Amazon to Reconsider New York

Resource Type: News, Press Releases

Today, a diverse group of business, labor and civic leaders issued an open letter to Amazon Chief Executive Jeff Bezos in The New York Times, urging the company not to abandon plans to build a new headquarters in Long Island City, Queens. Signatories argued that the majority of New Yorkers are eager to see Amazon and other tech companies invest and create jobs in the state join Governor Cuomo and Mayor de Blasio in the commitment to support Amazon and the tech industry more generally as a valued contributor to the statewide economy. The letter was organized by the Partnership for New York City, a nonprofit organization whose members include major employers and business leaders.

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Response to Governor Cuomo and Mayor de Blasio’s 10-Point Plan to Transform and Fund the MTA

Resource Type: News, Statements

“The region ‘s future economic health requires a modern, well-functioning transportation system, including elimination of excess traffic congestion and reform of the MTA. Agreement between the governor and mayor is a breakthrough and we look to the legislature to approve this package so that this essential work can proceed,” said Kathryn Wylde, President and CEO of the Partnership for New York City.

Support for Governor Cuomo’s Call to Fix Mass Transit from the Partnership for New York City

Resource Type: News, Statements

“The business community welcomes Governor Cuomo’s willingness to take on the challenge of fixing and adequately funding our mass transit system. Traffic congestion costs the region over $20 billion per year and contributes to pollution and global warming. Revenues from congestion pricing are needed to fund modernization of the subway, bus and commuter rail system and to ensure that New York remains a thriving global city,” said Kathryn Wylde, President & CEO of the Partnership for New York City.

New York City Council Testimony on Electric Bicycles & Scooters

Resource Type: News, Testimony

Today, the Partnership for New York City submitted testimony to the New York City Council Committee on Transportation regarding electric bicycles and scooters.

Thank you Chair Rodriguez and members of the committee for the opportunity to submit testimony on electric bicycles and scooters. The Partnership for New York City represents the city’s business leaders and largest private sector employers. We work together with government, labor and the nonprofit sector to enhance the economy of the five boroughs of New York City.

Excess traffic congestion is a serious problem in the city, clogging our streets and highways and resulting in more than $20 billion a year in economic losses and increased expenses. The Partnership supports efforts to reduce congestion, including the proposed congestion pricing district in Manhattan and improved public transportation options. We have also been early supporters of bike share and the creation of bike lanes to encourage a safe alternative for getting around the city.

We are very concerned, however, with the move to legalize electric bicycles and e-scooters in the city. Reports from our members who operate businesses in other cities that have been early movers in legalizing or not enforcing laws against these newly popular options for getting around the city are that they are dangerous and disruptive in a dense urban environment.

We conclude that New York City should not move forward with legalization without in depth analysis of the possible consequences and investment in infrastructure that will ensure the safety of riders and pedestrians. Space on city streets and sidewalks is at a premium. Certainly in the Manhattan Central Business District, no additional alternative equipment should be permitted until we see the impact of congestion pricing, which will be 2021 at the earliest. Current conditions simply cannot safely accommodate e-bikes and scooters.

Deterioration of our city’s mass transit system has stimulated interest in alternative ways to get around, but these alternatives bring with them new challenges. We should all be focused on fixing the bus and subway system, rather than the distractions of accommodating new modes of transport. We urge the City Council to slow down the process and work with the city Department of Transportation on a comprehensive plan to address concerns about these vehicles and ensure the safety of all of our citizen.

Thank you.

Kathryn Wylde, President & CEO of the Partnership for New York City

Statement on Title Insurance Ruling from the Partnership for New York City

Resource Type: News, Statements

“Today’s ruling from the Appellate Division of the New York State Supreme Court that effectively bans title insurance companies from passing along lavish expenses to consumers is a victory for New York residents and businesses,” said Kathryn Wylde, President and CEO of the Partnership for New York City. “The State Department of Financial Services, particularly outgoing commissioner Maria Vullo, has been diligent in protecting consumers against the excesses of the politically influential title insurance industry, for which she deserves a lot of credit.”

Statement on Governor Cuomo’s State of the State Address from the Partnership for New York City

Resource Type: News, Statements

“The business community shares Governor Cuomo’s frustration with the MTA. Its governance is structurally flawed with layers of bureaucracy and built-in political intervention that make good management impossible, no matter how talented its executive staff and labor force,” said Kathryn Wylde, President and CEO of the Partnership for New York City. “We support the Governor’s call for MTA reform to achieve a more efficient and higher performing transit system. We also support congestion pricing in the Manhattan central business district with tolls dedicated to regional transit. Excess traffic congestion costs the region over $20 billion a year, so the combination of reduced traffic and better transit are a winning formula for New York.”