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Testimony
Capital Spending
Testimony On Ten-Year Capital Strategy and Capital Budget
Delivered to NY City Council Committee on Finance
May 18, 2015
The Mayor's Ten-Year Capital Strategy totals $83.8 billion- a $30 billion increase from the prior plan. CBC has two main concerns about the Strategy: there is insufficient information available to judge the investments, and the investments will add to the City’s high debt burden.
Op Ed
Transportation
To Fund The Subways, Charge Drivers More
And A Vehicle-Miles-Traveled Tax Should Be Part Of The Equation
April 02, 2015
The Metropolitan Transportation Authority needs about $32 billion over the next five years to repair, replace and improve its facilities, notably the vast and essential mass transit system. It only has about $13 billion. The $19 billion hole requires a new way of thinking about how we fund mass transit.
Op Ed
Transportation
Port Authority's Brooklyn Port Facilities Should Be Reimagined
February 02, 2015
The port of New York-New Jersey is the largest container port on the East Coast. It's publicly owned by the Port Authority of New York and New Jersey, and it consistently loses money ($82 million in 2013).
Op Ed
State Budget
Ten Key Takeaways from Governor Cuomo's Executive Budget
January 28, 2015
Last week, Citizens Budget Commission listed the Top Ten Things to Look for in the NYS 2016 Budget. Here is how they fared in the Executive Budget Proposal outlined by Governor Cuomo on January 21.
Op Ed
Transportation
How to Fill the MTA's Budget Gap
November 18, 2014
Nearly six of every 10 of the 3.7 million people entering New York’s central business district each weekday rely on the Metropolitan Transportation Authority’s commuter rails, subways and buses.
Op Ed
Capital Spending
What New York Should Do With $4B
July 23, 2014
New York State will soon receive more than $4 billion in settlements from large financial institutions. It is an unprecedented windfall and it is generating discussion about what to do with the money.
Testimony
Transportation
Testimony Before the MTA Reinvention Commission
July 16, 2014
The CBC Board believes strongly that a well-financed and well-functioning mass transit system is a vital element in the regional economy, and a failure to support and enhance that system can be economically fatal.
Op Ed
Transportation
PATH Should Be Run By New Jersey Transit
May 04, 2014
PATH is the only mass transit system in the nation with no tax subsidy. That should be changed, and responsibility for running PATH should be shifted to New Jersey Transit.
Letter
Transportation
CBC Calls for Improved Budget Process, More Transparency at the Port Authority
July 16, 2013
The CBC urged the Port Authority to improve its budget process and make it more transparent. The letter offered six recommendations to resolve these problems, such as long-term planning, regular reporting, and detailed budgeting.
Testimony
Transportation
Testimony on MTA Fare Policies
To the MTA Board
November 13, 2012
CBC proposes a “25-50-25” formula for funding the MTA’s transit services. That is, 20-25 percent of transit expenses should be paid for by auto-user cross subsidies, 45-50 percent paid by riders, and 25-30 percent paid through state and local tax subsidies.
Op Ed
Transportation
A Better Way to Pay for the MTA
October 16, 2012
CBC President Carol Kellermann pens an opinion piece for the Huffington Post on the importance of creating a new approach to financing the MTA. The op-ed is premised on our latest MTA report, "A Better Way to Pay for the MTA."
Op Ed
Transportation
MTA Finances: A Looming Train Wreck
September 23, 2012
CBC President Carol Kellermann pens an op-ed about the serious financial troubles facing the MTA and the need for a long-term solution.
Op Ed
Capital Spending
Think Small to Think Big
July 10, 2011
In the July 2011 edition of the PPP Journal, Senior Research Associate Maria Doulis reviews the success of public-private partnerships in NYC and considers opportunities for pursuing additional PPPs.
Op Ed
Transportation
MTA Bus Service: Lots of Passengers, Limited Efficiency
May 17, 2011
CBC Executive Vice President and Director of Research Chuck Brecher pens an op-ed on our recent report comparing the MTA's unit costs with other large urban transit agencies in the United States.
Letter
Transportation
CBC Encourages MTA to Link Fares to Operating Expenses; Explore Peak Pricing
September 30, 2010
The CBC seeks to stress two points: 1) the fare increases to be approved for January 2011 and proposed for January 2013 should move toward establishing a long-term policy to cover half of operating expenses with fare revenue, and 2) the MTA should explore the feasibility of incorporating the practice of “peak pricing" for subways and buses.
Op Ed
Transportation
Keeping the City from Falling Apart
July 28, 2010
With the city's 2011 operating budget recently approved it is worth asking how well current budgets provide for repair and maintenance of our roads, bridges, tunnels, parks and other public infrastructure. The answer is disappointing.
Testimony
Transportation
Testimony on 2010 MTA Capital Plan
Delivered to State Senate Standing Committees
December 03, 2009
Testimony before the New York State Senate Standing Committees on Corporations, Authorities and Commissions and Investigations and Government Operations on the MTA's 2010-2014 capital plan.
Testimony
Transportation
Testimony on Challenges Facing the MTA
Submitted to Senate Finance Committee
September 03, 2009
Testimony of CBC President Carol Kellermann to the New York State Senate Finance Committee regarding the critical challenges that will face the MTA in the coming years, including balancing the MTA's operating budget, financing new capital investments, and planning and implementing capital projects.
Op Ed
State Budget
Bolster Budget
Pare Spending, Reform Pensions, Protect MTA
July 26, 2009
This op-ed was the CBC's contribution to a series of short op-ed's submitted by advocates around the state to Crain's New York Business. Here the CBC strikes at the core issues that severely impact the State's budget.
Letter
Transportation
CBC and Others Outline a Plan to Finance Long-Term Capital Needs of the MTA
May 05, 2009
This letter from the CBC and other advocates outlines a plan to finance the long-term capital needs of the MTA and its immediate operating deficit. The mobility tax should be used for expenses related to the MTA's capital plan, not for operating expenses after the first year.