Brewer Asks About Automatic Inflation Adjustment Backstop

All right.

And then obviously we don't want other mayors to not convene commissions.

So you came up with a way to do that.

In terms of kicking in a way

to deal with the salary increase if, in fact, there is none.

So if you could talk about that a little bit, obviously tied to inflation.

And I was just wondering, hopefully this won't kick in because there'll be commissions.

But can you just talk about that a little bit?

A number of recommendations were made to us.

To reconstitute who appoints members of the commission, what happens if the mayor does not appoint a commission, should some other elected official be able to appoint

a commission.

We believe strongly that since

The mayor does control ultimately the resources of the city and the budget.

The mayor should be the one to convene a commission.

And moreover, that any alternative would probably require a charter change that would have to go before the voters.

We felt that we wanted to give a...

A modest incentive to mayors to meet their obligations in the future, while at the same time

providing some hedge in case they didn't.

So that's how we came up with

The formula we did, I do have to give a lot of credit to my co-commissioners, Lillian Paoli.

and Larry and Angelo, both of whom are very savvy with respect to New York City government.

And they were very helpful in helping us fashion this particular incentive.

It's quite a threesome, if I may say so.