12 pages. "Today, pension contributions stand at a near-record 11% of the city's total budget -- and 36% of payroll alone. They consume 17% of city tax revenues, double the average proportion of the 1990s and early 2000s.... New York's annual pension contributions will soon displace social services as the second-largest spending category in the city budget, behind only education, consuming more than 80 cents of every dollar raised by the city's personal income tax."  MORE >>