Fast Facts
  • 14%

    Percent of benefits from rent regulation that goes to households with annual incomes of $100,000 or higher

Featured Report

Better Benefits from Our Billion Bucks

Featured Video

A Simulation of Business Taxes in New York City and Other Locations

Jun 07, 2007

This report focuses on state and local business taxes in New York City, showing that those taxes are dramatically higher than comparable taxes for key competitors. Combined federal, state, and local taxes reduce the rate of return on new business investment in New York City significantly – about 36-50 percent, depending on location and industry. Most of this is due to federal tax – typically 34-36 percentage points. Taxes in New York City were the highest in all industries in 2006, and were highest or second-highest under virtually all scenarios examined.

Making the Most of Our Parks

Jun 01, 2007

In this report, CBC addresses six challenges that prevent New York City from making the most of its parks: 1) Greater incentives are needed to pursue earned revenues, primarily from concessions; 2) No comprehensive, strategic plan guides expansion of the parks network; 3) All parks are not kept in acceptable condition, and parks in poorer neighborhoods are more likely to be in worse condition t

How Much Do Taxes Matter? A Citizens Budget Commission Panel Discussion

Dec 11, 2006

In this background paper prepared for a panel discussion "How Much Do Taxes Matter? New York City's Tax Burden and Economic Competitiveness," which was convened by CBC on December 11, 2006, Elizabeth Roistacher, professor of economics at CUNY Queens College, summarizes the econometric literature that tries to model the relationship between tax levels and economic growth.

Managing for Results in New York City Government: A Review of Current Practices

Nov 30, 2006

In this report, CBC highlights two major weaknesses in the City’s management accountability framework: 1) Money and performance are not connected in the budget; and 2) The City is not focused on achieving results the public desires in every service area. To address these weaknesses, the report makes five recommendations.

Striking a Balance: Financing Education Reform in the Most Heavily Taxed State

Nov 01, 2006

Following up on its previous research on the issues surrounding the State Court’s decision in the Campaign for Fiscal Equity case, CBC hosted two expert panel discussions focusing on key issues in education finance reform. This brief recounts the proceedings from the second of those discussions, which took place on April 27, 2006. The discussion focused on responsibly generating revenues to fund the Court’s mandate, thinking about other changes needed to accomplish reform, and developing the role of the business community in seeing reform across the finish line.

Giving Taxpayers More Bang for the Buck: Managing for Results in New York City Government

Nov 01, 2006

In this report summary, CBC highlights two major weaknesses in the City’s management accountability framework: 1) Money and performance are not connected in the budget; and 2) The City is not focused on achieving results the public desires in every service area. To address these weaknesses, the report makes five recommendations.

The Armonk Agenda: Next Steps for Fiscal Reform in New York State

Oct 01, 2006

On April 7–8, 2006, CBC convened a conference in Armonk, New York with the goal of identifying widely supported, high-priority measures for fiscal reform in New York State. This report highlights those measures in order to raise awareness and promote discussion in the coming year.

Is Robin Hood the Good Guy? Moving Toward a More Equitable School Aid System for New York

Sep 28, 2006

This report is based on the work of CBC’s Education Finance Committee, which was created in the wake of the 2003 New York State Court of Appeals decision in the Campaign for Fiscal Equity case to help public officials identify the most economically effective sources of revenue to fund the Court’s decision.

New York's Public Authorities: Promoting Accountability and Taming Debt

Sep 01, 2006

Authorities, sometimes known as public benefit corporations, play a major role in delivering public services.

How To Balance The MTA's Budget

Jun 27, 2006

CBC finds that the MTA's financing arrangements resulted in 1) repeated operating deficits and 2) capital investments that were insufficient in bringing its facilities to a state of good repair. In order for New York to maintain a strong and vibrant economy, its transportation system has to be kept up to par and expanded to meet future needs.

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