Rainy Day Fund

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

Budget Process and Legislative Accountability Conference

Sep 20, 2007

This is an overview of a background report that focuses on the issue of greater accountability and transparency in fiscal decision making. The report was prepared to inform discussion among the participants at the first of the three agenda-setting conferences organized by CBC in the months of September, October and November 2007 to promote fiscal reform.

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Report

Options for Budget Reform in New York State

Sep 20, 2007

This background paper focuses on the issue of greater accountability and transparency in fiscal decision making.

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Letter

Letter to the Governor Supporting A2755

Jan 24, 2007

In this letter sent to Governor Eliot Spitzer, CBC urges the Governor to sign into law A2755, a bill containing a combination of reforms that is likely to enhance the timeliness and transparency of the state budget and help avoid the late budgets for which New York is notorious.

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Press Release

Statement on the Introduction of Legislation to Change New York State's Budget Process

Jun 21, 2006

CBC responds to the introduction of legislation to improve the budget process and offers 1) proposals that would improve the budget process, 2) proposals that require modification to make positive change more likely, and 3) proposals that cannot be assessed due to the lack of information.

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Testimony

CBC Deputy Research Director Elizabeth Lynam Before the NY City Council Finance Committee By

Mar 07, 2006

CBC testifies before the NYC Council Finance Committee on the Preliminary Budget and financial plan for fiscal years 2006-2010. CBC includes suggestions on the appropriate use of surplus funds, moving forward with the formation of the Health Insurance Trust fund and ways to curb spending growth.

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Testimony

CBC President Diana Fortuna Before the Senate Democratic Task Force on Legislative and Budgetary Reform

Mar 02, 2006

CBC testifies before the Senate Democratic Task Force on Legislative and Budgetary Reform to suggest next steps for addressing the Palisades Principles. Steps include 1) a fresh set of proposals to reform the budget process and 2) reforming the way the State incurs debt, especially through its public authorities.

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Press Release

CBC Issues Report On New York State's Progress In Implementing The Palisades Principles

May 04, 2005

CBC issues a report on New York State’s progress on the 10 principles of budget reform known as the Palisades Principles. These 10 principles emerged from a statewide conference of civic and business leaders held in November 2003 in Palisades, NY. Of the 10 principles, four have shown “no progress”; five have shown “some progress”, and only one has shown “significant progress”.

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Report

The Palisades Principles Revisited: A Progress Report

May 04, 2005

CBC reviews New York State’s progress on the 10 principles of budget reform known as the Palisades Principles. These 10 principles emerged from a statewide conference of civic and business leaders held in November 2003 in Palisades, NY. Of the 10 principles, four have shown “no progress”; five have shown “some progress”, and only one has shown “significant progress”.

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Press Release

CBC Calls On NY Senate To Defeat Pending Resolution S.1

Apr 20, 2005

CBC calls on the New York State Senate to defeat a pending resolution, S. 1, which would amend the budget process set out in the New York State Constitution. This bill would only make the State’s notoriously dysfunctional budget process worse.

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Press Release

CBC Calls On State Legislature To Revamp Constitutional Amendment On Budget Reform

Feb 16, 2005

CBC calls on the New York State Legislature to revamp its proposed constitutional amendment on budget reform. The current version of the amendment is not the one that should be taken to a public vote.

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