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Testimony Taxes

New York City Property Tax Reform

November 27, 2018
CBC makes recommendations for property tax reform to fix problems with transparency and equity of the system.
Statement State Budget

Statement on the NYS FY2019 Budget

March 31, 2018
The budget gap will be closed using short-term measures instead of restraint in and reform of spending commitments.
Op Ed Transportation

Latest value capture proposal could harm NYC

March 22, 2018
While value capture makes sense in theory, any such arrangement should be tailored to specific projects and circumstances - with the agreement of the City.
Op Ed State Budget

Repeal the Film Tax Credit, But Don't Expect Savings Just Yet

December 13, 2017
The Citizens Budget Commission is a long-time critic of the New York State Film Tax Credit program and supports its repeal. However, due to some unusual provisions of state tax law, repeal of the credit will not yield immediate state savings.
Statement Taxes

Statement on Property Tax Lawsuit

April 25, 2017
A judicial review based on objective evidence presented in a public forum can be a catalyst for constructive change of the seriously flawed NYC property tax.
Testimony Taxes

Testimony on Flaws in New York City's Real Property Taxation System

January 22, 2016
The two most significant issues are: 1) among residential properties, rental buildings are taxed more heavily than single family homes, and 2) within the two subgroups of residential properties—small homes and large rental buildings—property tax rates vary widely.
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 Economic Development

How to Make NYC Economic Development More Effective

January 26, 2014
The start of the new administration offers an important opportunity to review the city's economic development practices and assure that they foster growth by making business incentives more cost-effective and transparent.
Letter Taxes

CBC Recommendations to the New York State Tax Relief Commission

November 26, 2013
This letter to the NYS Tax Relief Commission includes cautions about the State's ability to commit to large new property tax relief programs, and recommendations for providing better relief with the $4 billion the State spends on current programs.
Op Ed City Budget

The Big Difference in Next Year's New York City Budget

February 23, 2012
Earlier this month, Mayor Michael Bloomberg presented New York City's Financial Plan for the next four years. It demonstrates a stark new reality: there is no large surplus of revenues, as there has been in past years, to help balance the budget.
Op Ed State Budget

Bravo on Budget; Now to Lawmaking

April 02, 2011
Gov. Andrew Cuomo and state legislative leaders deserve credit for agreeing on a budget that breaks some bad habits. It was on time, reins in spending that was growing at an unsustainable pace, and minimizes the facile devices that checkered past budgets—deficit borrowing, tax hikes, one shots and other gimmickry.
Testimony State Budget

Testimony on Improving the State Budgetary Process

December 17, 2009
In this testimony the CBC assesses the effectiveness of provisions in the New York State Budget Reform Act of 2007 and makes additional recommendations for improving transparency, forecasting, and flexibility.
Letter Pensions & Benefits

CBC Urges Governor Paterson to Veto Costly Mandate for Retired Teachers

May 12, 2009
This letter from the CBC urges the Governor to veto A4628, a bill that would renew the provision that prohibits school districts from reducing the health insurance benefits offered to retirees unless the changes are approved by the local teachers union.