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Op Ed
Taxes
Don’t Bring Back the Stock Transfer Tax
City & State
October 23, 2020
It could drive business out of New York and won’t live up to revenue projections.
Testimony
Education
Testimony on Education Proposals in Executive Budget for Fiscal Year 2021
Submitted to the New York State Joint Legislative Budget Hearing on Elementary and Secondary Education
February 10, 2020
The Executive Budget increases aid more than is needed to fund an SBE at a time when the State is proposing to close significant gaps.
Testimony
Education
Testimony on the New Department of Education Five-Year Capital Plan
Submitted to a Joint Hearing of the City Council Committees on Education and Finance and Subcommittee on the Capital Budget
December 18, 2018
City officials cannot continue to expect the City can build its way to a solution; making real progress will require implementing operational strategies that alter the use of space and redirect students to facilities with capacity.
Testimony
Pensions & Benefits
The Health Care Savings Agreement: A Look Back and a Look Forward
Testimony Submitted to the New York City Council Committees on Finance and Civil Service and Labor
November 29, 2018
Savings to health benefit expenditures are crucial to attaining labor settlements that are fair and reasonable for both City employees and taxpayers.
Letter
Pensions & Benefits
Governor Cuomo Should Veto Costly Employee and Retiree Benefits
A Letter to the Governor
November 27, 2018
CBC Recommends veto of A8164-b/S3770-b, A8402-b/S6435-b, A9909/S7705, A9910/S7704, and A10735/S7933.
Testimony
Taxes
New York City Property Tax Reform
Testimony Submitted to the New York City Advisory Commission on Property Tax Reform
November 27, 2018
CBC makes recommendations for property tax reform to fix problems with transparency and equity of the system.
Letter
Taxes
New York State Should Create an Unincorporated Business Tax
A Letter to the NYS Department of Taxation and Finance
July 26, 2018
A UBT is needed to blunt the impact of federal tax reform; here are CBC's recommendations for designing it.
Op Ed
Pensions & Benefits
Pension sweeteners a bitter prospect for New York City
New York Daily News
June 15, 2018
The City Council adopted a budget for fiscal year 2019 that totals almost $90 billion. Almost $10 billion will be devoted to pensions for public employees, and the amount is projected to grow. And yet, for some, this is not enough.
Op Ed
City Budget
How New York City Can Afford Fair Fares
Slowing the growth of the city’s workforce would provide the needed savings
April 16, 2018
The Fair Fares proposal can be accommodated within the city budget by exercising greater restraint in hiring and more aggressively tackling inefficiencies in its operations.
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
City taxes should not be diverted to the MTA without local input
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.
Letter
State Budget
Significant Impacts the Tax Cuts and Jobs Act on the Residents and Revenues of New York State
Letter to Governor Cuomo
March 20, 2018
I write to convey the Citizens Budget Commission’s findings about the significant impacts the Tax Cuts and Jobs Act (TCJA) will have on the residents and revenues of New York City and New York State and recommended steps needed to address these problems.
Letter
Taxes
Significant Impacts the Tax Cuts and Jobs Act on the Residents and Revenues of New York City
Letter to Mayor de Blasio
March 20, 2018
I write to convey the Citizens Budget Commission’s findings about the significant impacts the Tax Cuts and Jobs Act (TCJA) will have on the residents and revenues of New York City and New York State and recommended steps needed to address these problems.
Op Ed
Education
New York keeps shortchanging poor students
And Cuomo’s Foundation Aid formula will do little to fix it
March 19, 2018
Fixing the existing Foundation Aid formula would allow the state to fully fund a sound basic education with current resources.
Letter
Housing
NYCHA's Project Labor Agreement Needs Evaluation
A Letter to the Mayor and NYCHA Chair
March 05, 2018
Has the PLA between NYCHA and the BCTC delivered on expected savings? An evaluation is needed before any decision to renew the PLA.
Statement
Taxes
CBC Statement on Governor's 30-Day Amendments in Response to Federal Tax Legislation
February 12, 2018
The Governor's proposals represent bold and important steps to address the negative impacts the federal tax law will have on New Yorkers and to maintain New York's competitive position.
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.
Letter
Pensions & Benefits
CBC Encourages Governor Cuomo to Veto Four Pension Sweeteners
July 13, 2015
This letter calls for vetoing four pension sweeteners (A7490/S3010, A6771A/S4907, A5327C/S3948B, and A7547/S5785) that would begin to undo savings from hard-won pension reforms.
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.
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.