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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.
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.
Op Ed
Pensions & Benefits
City Worker Pensions Vs. Kids
Bloomy Must Cut Youth Services Because Adult Costs Are Out Of Control
December 04, 2010
New York provides a troubling example of how the inability to contain costs associated with a large municipal workforce imposes a greater burden on the most vulnerable populations, notably low-income children.
Op Ed
Health Care
Where Cuomo Should Cut Medicaid
November 29, 2010
Governor-elect Andrew Cuomo, facing a $9 billion projected gap in the state budget when he takes office in January, should move quickly to rein in the state's out-of-control Medicaid spending.
Letter
City Budget
CBC Urges Gov. Cuomo to Veto Arbitrary Training Mandate for Firefighters
September 29, 2010
CBC recommends to the governor that A9885/S6784, which mandates that New York City firefighters be provided an additional 80 hours of training on the Buildings and Fire Codes, be vetoed because it is an arbitrary addition to existing preparation that is unnecessary and financially burdensome.
Op Ed
City Budget
Reform New York City Municipal Union Welfare Funds
August 04, 2010
CBC president Carol Kellermann pens an op-ed that advocates for the reformation of the taxpayer-supported municipal union welfare funds.
Testimony
City Budget
Testimony to the New York City Charter Revision Commission
August 02, 2010
CBC submits this testimony to express our opposition to granting charter-mandated formula budgets to certain City offices, as doing so would be fiscally imprudent and would undermine the long-established process by which the Mayor and the City Council establish budget priorities as elected representatives.
Op Ed
Housing
Rent Regulation: A Big Tax On NY
The Law Needs a Massive Overhaul
July 06, 2010
The push to continue rent regulation is fueled by far more populist rhetoric than economic reason. As a corrective, a new report by the Citizens Budget Commission reveals some startling facts about the current system.
Testimony
City Budget
Testimony to the NYC Council Finance Committee on FY 2011 Executive Budget
June 07, 2010
As the City begins a fragile economic recovery, this financial plan presents a crucial opportunity to take actions that will place the City on a firmer fiscal footing and ensure its competitiveness for the long-term.
Op Ed
Education
Give SUNY And CUNY Control Over Their Own Tuition
May 17, 2010
President Carol Kellermann pens an op-ed favoring the passage of the Governor's Public Higher Education Empowerment and Innovation Act, which would give SUNY and CUNY total control over setting tuition rates.
Op Ed
City Budget
Time for Prudence in City Benefits
April 10, 2010
Executive Vice President and Director of Research Charles Brecher pens this op-ed that discusses ways to rein in growth of the City's retirement benefits, notably pensions and health insurance.
Op Ed
State Budget
No More Aid for the Affluent
March 27, 2010
CBC President Carol Kellermann explains how the State can cut spending equitably in the three largest areas of the budget: Medicaid, education, and employee benefits.
Op Ed
City Budget
How to Save $2B Without Slashing City Services
March 03, 2010
Research Director Chuck Brecher outlines 5 alternative solutions for saving up to $2 billion in Mayor Bloomberg's preliminary budget. Each of these proposals would avoid widespread layoffs and the reduction of other vital services.
Op Ed
Education
What Mike Must Get From Teachers
January 31, 2010
President Carol Kellermann outlines what Mayor Bloomberg must accomplish in his negotiations with the Teachers' Union in order to get the vital reforms needed to fix the school system.
Op Ed
City Budget
City, State Budget Woes
January 16, 2010
CBC President Carol Kellermann writes a letter to Crain's urging the City to not avoid cost cutting in the face of better-than-expected tax revenue.