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Testimony
Housing
Testimony on the Mayor's Housing Proposals
Submitted to the City Planning Commission
December 17, 2015
Options for increasing the efficient use of land, reducing construction costs, and effectively using cross-subsidies should be explored to maximize the amount of affordable housing that can be produced.
Statement
Transportation
Statement on MTA Funding Agreement
October 09, 2015
The announcement of an agreement for funding the MTA’s 2015-2019 capital plan is an important step in maintaining and enhancing the region’s most vital transportation assets. However, additional steps must be taken.
Op Ed
Transportation
Funding the MTA Capital Plan: Avoiding a False Choice
July 30, 2015
Funding the next five-year capital plan for the MTA is a priority for the NYC region, and fortunately the funding gap has narrowed. The real question should be: how much funding should come from motorists versus taxpayers and commuters?
Letter
Economic Development
CBC Urges Governor Cuomo to Improve Practices of Industrial Development Agencies
July 13, 2015
This letter calls on the Governor to sign A7915/S5867, which would improve the effectiveness of millions of dollars in tax breaks awarded by Industrial Development Agencies (IDAs).
Op Ed
City Budget
New York City Should Be Cautious About Increasing Its Debt
June 16, 2015
New York City has more outstanding debt than ever before, and Mayor Bill de Blasio has proposed a 10-year capital plan that will increase it substantially.
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
Economic Development
What's the Return on Investment for New York's Economic Development Efforts?
March 22, 2015
New York State's economic development programs have long been the subject of debate because it is difficult to measure the benefits they produce. Are the State's considerable investments worthwhile? Although their political value is clear, their economic value is not.
Letter
State Budget
Recommendations on the FY 2016 Executive Budget
February 25, 2015
CBC's recommendations to the State legislature cover six proposals that deserve support, three proposals that should be improved, and three proposals that should be rejected.
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
Health Care
Fiscal Challenges for NYC's Health and Hospitals Corporation
November 10, 2014
In fiscal year 2013, the Health and Hospitals Corporation (HHC) ran a deficit of $668 million. Final numbers for fiscal year 2014 have not been released, but the estimated deficit is $645 million.
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.
Op Ed
Health Care
New York State's Leadership in Providing Health Insurance
April 16, 2014
Amidst the national controversy over the creation of health insurance exchanges or marketplaces, the launch and early months of New York's official health plan marketplace stand out.
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.
Op Ed
Economic Development
Find Ways to Attract Talent
August 11, 2013
CBC's Director of New York City Studies Maria Doulis pens an op-ed in the New York Times' Room for Debate on how the next mayor can achieve important economic development goals: more jobs, a more diversified industry mix, a larger middle class and enhanced entrepreneurship.
Op Ed
Economic Development
Remaining the World's Most Competitive City
June 18, 2013
A study released earlier this month by The Economist Intelligence Unit held good news for New York City, which ranked first among 120 global cities based on ability to attract capital, businesses and talent. But the competition is fierce, and is not limited to international megacities like London, Singapore, Hong Kong, and Tokyo.
Op Ed
Pensions & Benefits
Reining in New York City's Skyrocketing Health Insurance Costs
April 17, 2013
The City's employee unions, whose contracts have expired, may prefer to wait and negotiate with the next mayor, but the election won't change the fiscal reality: the City's share of health insurance premiums for city workers and retirees is high in comparison to norms in the private and public sectors.
Letter
State Budget
Recommendations on the FY2013-2014 New York State Budget
March 07, 2013
In a letter to the state legislature the CBC makes recommendations for the fiscal year 2013-14 New York State budget.
Op Ed
Economic Development
NY's People Strengths Need Constant Work
February 09, 2013
Human capital is a hot topic. Thriving in the information economy requires a highly skilled workforce with specialized expertise and an ability to innovate. Attracting such a workforce is essential to New York's ability to retain strength in core industries and cultivate emerging ones.
Op Ed
State Budget
Priorities for Governor Cuomo's Next Budget
December 17, 2012
Governor Andrew Cuomo and the New York State Legislature have successfully tackled serious budget issues in recent years, but important challenges remain. These must be addressed in his next budget in order to improve the state's fiscal condition and give local governments better tools to manage their structural deficits.