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Statement
City Budget
Underbudgeting Still Clouds City’s Fiscal Picture, Even with Expanding Economy
April 24, 2024
While an expanding economy brightens the revenue outlook, low-balled expenditures still cloud the City’s fiscal picture.
Statement
State Budget
Statement on Medicaid/Managed Care Tax Proposal in NYS Budget Talks
March 26, 2024
The proposal to levy a new tax on Medicaid and other managed care plans to leverage $4 billion of federal money relies on speculative, temporary revenue to seed permanent spending increases.
Testimony
City Budget
Testimony on Public Safety Preliminary Budget Hearing
Submitted to the City Council Committee on Public Safety
March 20, 2024
CBC recently released “Straight from New Yorkers,” our 2023 Resident Survey, which provides a comprehensive, statistically valid, post-pandemic view into how New Yorkers feel about the quality of life in the city and how they rate government services.
Testimony
City Budget
Testimony on NYC Fiscal Year 2025 Preliminary Budget
Submitted to the New York City Council Finance Committee
March 04, 2024
CBC’s analysis finds that the Preliminary Budget presents balanced budgets for fiscal years 2024 and 2025 as required by law; however, proposed spending in fiscal year 2025 is short by $3.6 billion needed to continue the current level of services.
Testimony
Transportation
Public Comment on the Proposed Structure For the Central Business District Tolling Program
Submitted to the Metropolitan Transportation Authority
February 29, 2024
While the Citizens Budget Commission (CBC) has long held the position that there should not be credits for bridge or tunnel crossings, we believe the Traffic Mobility Review Board’s (TMRB) congestion pricing toll recommendations, as a whole, are reasonable.
Op Ed
City Budget
Taking Control of New York’s Budgetary Future
Vital City
January 25, 2024
Budget season kicked off with an Albany-New York City doubleheader last week, with brightening skies in both places thanks to proactive efforts to cut costs (especially in the city) and a resilient economy that is bringing in higher-than-projected tax receipts.
Statement
City Budget
Statement on the New York City Fiscal Year 2025 Preliminary Budget
January 16, 2024
While Mayor Adams leveraged strong revenues and wisely implemented two rounds of PEG savings to balance the Preliminary Budget, many more hard choices are still needed to stave off a fiscal reckoning.
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?
Statement
Transportation
Statement Regarding Ongoing Discussions of MTA Capital Plan
July 24, 2015
Debating how to apportion funding for the remaining $9.8 billion gap between “the City” and “the State” is counterproductive. Funding for mass transit should be defined as coming from three sources: fares, tax subsidies, and motor vehicle cross-subsidies.
Letter
Transportation
CBC Encourages Governor Cuomo to Veto Costly Free Transfers
July 13, 2015
This letter urges rejecting a bill (A2607/S3228) that would cost the MTA $40 million annually.
Statement
City Budget
Statement on FY16 Adopted Budget for New York City
June 22, 2015
The FY 16 adopted budget announced by the Mayor and the Council this evening adds approximately $200 million in spending for additional police, social service providers and other programs.
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.
Op Ed
City Budget
The New York City Housing Authority's Bold Plan Deserves Support
May 27, 2015
Mayor Bill de Blasio and Shola Olatoye, Chair and CEO of the New York City Housing Authority (NYCHA), released a 10-year roadmap called "NextGeneration NYCHA". The roadmap is a bold plan that deserves to be supported.
Op Ed
Transportation
How to Pay for the MTA
May 22, 2015
The MTA is vital to the region’s economic well-being. Its mass transit services, seven bridges, and two tunnels comprise a $1 trillion asset.
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.
Statement
City Budget
Statement on Mayor de Blasio's Executive Budget for FY 2016
May 07, 2015
The continuing strong performance of the local economy provides a favorable context for the Executive Budget released by Mayor Bill de Blasio.
Op Ed
City Budget
The Importance of Increasing Efficiency in New York City Government
April 26, 2015
Mayor Bill de Blasio has thus far declined to require city agencies to meet targets for increasing efficiency in the delivery of government services. In doing so, he has broken a pattern established by every mayor since the fiscal crisis in the 1970s, and he's taking a gamble that may come back to haunt the city's taxpayers.
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.
Testimony
City Budget
Testimony Examining Health Care Savings Under Recent Collective Bargaining Agreements
Delivered to the NYC Council Committee on Finance
April 01, 2015
Savings that would have normally been reserved for general budget needs—such as funding libraries or maintaining public parks—and are attributable to a national slowdown in health care costs, are now being credited to the health savings agreement.