From the NY Post:
Municipal workers made nearly twice as much as their counterparts in the private sector in former Mayor Michael Bloomberg’s last years in office — earning a median salary of $65,300 in fiscal year 2012, a new analysis found.
By comparison, median income for a private sector worker was roughly $34,100 that year, according to the city’s Independent Budget Office.
The analysis was based on a little-noticed city report that had been quietly released on Bloomberg’s last day at City Hall.
The IBO found that while median city worker salaries stayed relatively flat over the past 10 years when adjusted for inflation, they climbed by about $6,000 between fiscal years 2005 and 2012.
“That small gain might look pretty good to a large share of the rest of the city,” IBO Chief of Staff Doug Turetsky wrote in a blog post.
That’s because private- sector salaries dropped by $3,000 on average over the same time period.
Despite the relatively steady state of municipal salaries, city payroll costs ballooned from $23.5 billion in fiscal 2003 to $37.2 billion in fiscal 2012, largely due to soaring pension and health-care costs.