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Op Ed
City Budget
City budget crunch time means tough decisions — not more taxes
New York Post
December 20, 2023
Under every published projection, even after the mayor’s latest Program to Eliminate the Gap, New York City still faces a budget shortfall next year.
Statement
City Budget
Statement on the New York City November 2023 Financial Plan
November 16, 2023
While the City’s November update delivers some needed savings through the first round of budget reductions, much more needs to be done to close the massive remaining gaps and stave off a fiscal reckoning.
Op Ed
City Budget
New York Is Teetering on a Fiscal Cliff
Crain’s New York Business
November 07, 2023
Fiscal stability underpins the city’s ability to provide core services to New Yorkers and is fundamental for economic growth.
Testimony
Energy & Environment
Comment on the Second Set of Proposed Rules for Local Law 97
Submitted to the New York City Department of Buildings
October 24, 2023
CBC has long advocated to incentivize cost-effective compliance paths that prioritize emissions reduction over merely paying the fines.
Statement
City Budget
Statement on NYC's FY 2024 November Plan PEG Directive
September 10, 2023
Mayor Eric Adams is taking the right step right now, directing agencies to propose 5 percent budget savings.
Statement
City Budget
Statement on New York City Fiscal Year 2024 Budget Agreement
June 29, 2023
The City’s leaders announced a fiscal year 2024 budget agreement that will please many stakeholders—for the next year.
Letter
City Budget
Letter to Mayor and Speaker on FY 2024 Budget Adoption
Recommendations to Budget Realistically and Stabilize Finances
June 26, 2023
CBC urges you to adopt a fiscal year 2024 budget that not only provides critical services to New Yorkers in the upcoming year but stabilizes the City’s precarious fiscal and service outlook.
Statement
City Budget
Statement on the New York City Fiscal Year 2024 Executive Budget
April 26, 2023
The Executive Budget lays bare the stark and potentially dark fiscal reality facing New York City.
Op Ed
City Budget
Smart Savings Are Needed Now in the City Budget
New York Daily News
April 24, 2023
Ignoring six sobering realities, the critics ignore the call to smartly restrain spending growth, improve management, and speed hiring.
Statement
City Budget
Statement on NYC's FY 2024 Executive Budget PEG Directive
April 04, 2023
The City is right to initiate a PEG—a Program to Eliminate the Gap—for the Executive Budget. This action is timely, if not overdue.
Testimony
Education
Testimony on the NYC Department of Education and the City’s FY 2024 Preliminary Budget
Submitted to the New York City Council Committee on Education
March 15, 2023
Understanding the DOE’s budget and spending trends prior to and throughout the pandemic, and the implications for fiscal year 2024 and beyond, is vital to determine how much of the City’s resources should be allocated to the DOE going forward.
Testimony
Housing
Testimony on the New York City Housing Authority and the City's Preliminary Fiscal Year 2024 Budget
New York City Council Committee on Public Housing
March 13, 2023
To balance its budget and fund its basic operations, NYCHA was increasingly reliant on City subsidies and non-recurring funding sources.
Statement
Public Workforce
Statement on the New York City–District Council 37 Tentative Contract Agreement
February 17, 2023
The tentative contract announced today provides raises that are very reasonable given recent and anticipated inflation. The great challenge is how the City will pay for them.
Statement
City Budget
Statement on the New York City Fiscal Year 2024 Preliminary Budget
January 12, 2023
Much more aggressive action is needed to stabilize future budgets, hedge against a looming recession, and improve the quality and efficiency of services.
Testimony
Public Workforce
Testimony on the New York City Health Insurance for Employees and Retirees
Submitted to the New York City Council Committee on Civil Service and Labor
January 09, 2023
With health insurance costs budgeted to increase at a rate of 8.5 percent between fiscal years 2023 and 2026, efforts to restrain the City’s costs are critical.
Op Ed
Pensions & Benefits
Fringe Benefits Challenge New York School Budgets
July 20, 2015
The problems facing school districts are complex, but one common challenge is the unrelenting rise in fringe benefit costs.
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.
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.