Growing Gotham: Realities, Risks, and Remedies to NYC's Population Loss

GROWING GOTHAM

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A half-day conference bringing together a broad group of experts—policymakers, researchers, academics, and practitioners—to delve deeply into NYC's population trends and what they mean for the City's long-term competitiveness.

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PHOTOS

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Andrew Rein
Notes

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Dana Rubinstein
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Panel 3
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John Rose
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Marissa Burch
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PROGRAM

8:45 am - WELCOME

  • Tom Rousakis U.S. Transactions Infrastructure Leader, Ernst & Young Infrastructure Advisors, LLC; CBC Trustee and Chair, CBC Competitiveness Committee

9:00 am - FAST FACTS: What the Data Tell Us

  • Donald J. Boyd Principal, Boyd Research
  • Andrew Rein President Citizens Budget Commission

9:30 am - PANEL 1: NYC's Affordability and Attractiveness: Comparative Benefit or Threat?

  • Richard R. Buery Jr. CEO, Robin Hood
  • Ingrid Gould Ellen Professor of Urban Policy and Planning, NYU Wagner Graduate School of Public Service and Faculty Director, NYU Furman Center
  • Nicole Gelinas Senior Fellow, Manhattan Institute; Contributing Editor, City Journal
  • James A. Parrott Director of Economics and Fiscal Policy, Center for NYC Affairs at The New School
  • Dana Rubinstein (moderator) Reporter, The New York Times

10:35 am - PANEL 2: Economic Restructuring: Impact on Population and Revenues

  • Francesco Brindisi Executive Deputy Comptroller, NYC Comptroller’s Office
  • Arpit Gupta Associate Professor, NYU Stern School of Business
  • James Patchett Partner, McKinsey & Co.
  • John Rose Managing Director and Senior Partner, Boston Consulting Group
  • Laura Nahmias (moderator) Senior Reporter, Bloomberg News

11:30 am - PANEL 3: High Earner Migration and Tax Policy: Risks, Landscape, and Impact

  • Amanda Hiller Acting Tax Commissioner and General Counsel, NYS Dept. of Taxation and Finance
  • E.J. McMahon Founding Senior Fellow, Empire Center for Public Policy
  • Karen Schlain Deputy Commissioner, Tax Policy and Data Analytics, NYC Dept. of Finance
  • Cristobal Young Associate Professor of Sociology, Cornell University
  • Greg David (moderator) Director, Business Journalism Program, CUNY Newmark School of Journalism; Contributor, THE CITY

PANELIST BIOGRAPHIES

Donald Boyd has over three decades of experience analyzing state and local government fiscal issues. Boyd is Co-Director of the State and Local Government Finance Project at the Center for Policy Research at UAlbany’s Rockefeller College, and consultant to several organizations that analyze or model aspects of state and local government finances. Previously, Boyd held several high-level positions in both the New York legislative and executive branches. Boyd holds a Ph.D. in managerial economics from Rensselaer Polytechnic Institute.

Francesco Brindisi is New York City’s Executive Deputy Comptroller for Budget and Finance. Dr. Brindisi previously served as Senior Deputy Director for Revenues, Economics, and Policy at the Mayor’s Office of Management and Budget. He is an Adjunct Associate Professor of International and Public Affairs at Columbia University. Dr. Brindisi holds a Ph.D. in economics from Columbia University and a laurea summa cum laude from the University of Rome “Tor Vergata.”

Richard R. Buery, Jr. is CEO of Robin Hood, New York City’s largest poverty-fighting philanthropy. Robin Hood fuels the most impactful organizations advancing economic mobility in New York City and advocates for public policies that do the same. Over three decades, Robin Hood has invested over $3 billion in the fight against poverty. Previously, Buery led leading non-profit institutions including the Achievement First charter school network and the Children’s Aid Society, where he founded Children’s Aid College Prep Charter School. He also co-founded iMentor.org, which matches high school students with mentors to guide them on their journey to college graduation, and Groundwork, to support the educational aspirations of public housing residents in his native Brooklyn. As New York City Deputy Mayor for Strategic Policy Initiatives, he was the architect of Pre-K for All, which now guarantees a free high-quality full day Pre-K program for every 4-year in New York City. Buery graduated from Stuyvesant High School, received a degree in Afro-American Studies from Harvard, and a law degree from Yale.

Greg David is the Director of the business journalism program at the Craig Newmark School of Journalism at the City University of New York. He is also director of the Ravitch Fiscal Reporting Program at the school, providing advanced training for state and local reporters around the country. David is currently a contributor to THE CITY, covering fiscal and economic issues, after 35 years with Crain’s New York.

Nicole Gelinas is a Senior Fellow at the Manhattan Institute, a contributing editor of City Journal, and a columnist at the New York Post. She writes on urban economics and finance. Previously, she was a business journalist for Thomson Financial, where she covered the international syndicated-loan and private-debt markets. Gelinas holds a B.A. in english literature from Tulane University.

Ingrid Gould Ellen is the Paulette Goddard Professor of Urban Policy and Planning at the NYU Wagner Graduate School of Public Service and a Faculty Director at the NYU Furman Center for Real Estate and Urban Planning. She currently serves as the president of the American Real Estate and Urban Economics Association. Professor Ellen has published numerous articles and several books related to housing policy, neighborhoods, and segregation.  She has held visiting positions at the Department of Urban Studies and Planning at MIT, the U.S. Department of Housing and Urban Development, the Urban Institute, and the Brookings Institution.

Arpit Gupta is an Associate Professor of Finance at NYU Stern School of Business. Professor Gupta’s research focuses on understanding default dynamics in household finance, real estate, and corporate finance. His recent papers examine the role for foreclosure contagion in mortgage markets and estimate the impact of adverse health events on foreclosures and bankruptcies. He received his B.S. in mathematics and economics at the University of Chicago and a Ph.D. in finance and economics from Columbia Business School.

Amanda Hiller is the Acting Tax Commissioner and General Counsel at the New York State Department of Taxation and Finance. She began serving as Acting Tax Commissioner on April 23, 2021, and continues in her role as General Counsel, a position she has held since December 2012. Over a 30-year career in public service, Hiller has held senior positions in the legislative, judicial, and executive branches, as well as in the nonprofit sector. She earned her law degree from Albany Law School and a bachelor’s degree from the State University of New York at Oswego.

E.J. McMahon is an Adjunct Fellow at the Manhattan Institute for Policy Research and founding senior fellow of the Empire Center for Public Policy, where he has authored or co-authored numerous studies, papers, and articles on public pension reform, collective bargaining, population migration, budget trends and tax policy in New York. McMahon has been chronicling the workings of New York state and local government for nearly 50 years, starting as a local newspaper reporter, and eventually holding high–level positions in the legislative and executive branches, as well as in the non-profit sector. 

Laura Nahmias is a Senior Reporter covering New York City and state politics for Bloomberg News. Nahmias has spent more than a decade covering New York City and state politics; at City & State Magazine; as both an Albany and City Hall reporter, and author of the early morning New York Playbook for Politico; and as a member of the Daily News Editorial Board. She has also written for New York Magazine.

James Parrott is the Director of Economic and Fiscal Policies at the Center for New York City Affairs at The New School. He is an economist who has focused on New York City’s labor market and economy for the past 30+ years, and has written extensively on local economic trends, labor issues, income inequality, and state and local budget and tax policy. Previously, Parrott worked for the International Ladies’ Garment Workers’ Union, the City and State of New York, and the independent Fiscal Policy Institute. He has a Ph.D. in economics from the University of Massachusetts at Amherst. 

James Patchett is a Partner in McKinsey’s Real Estate Practice. Patchett previously served as President and CEO of the New York City Economic Development Corporation, Chief Executive Officer of A&E Real Estate, an NYC-based real estate investment firm, and Vice President in the Goldman Sachs Urban Investment Group. He holds a B.A. in economics from Amherst College and an MBA from Stanford Graduate School of Business.

Andrew Rein is President of the Citizens Budget Commission. Previously Rein served as Associate Director of the U.S. Centers for Disease Control and Prevention, Executive Deputy Commissioner/Chief Operating Officer of the NYC Health Department, Senior Vice President for Strategy of both EmblemHealth and NYU Lutheran and Senior Policy Advisor to the NYC Schools Chancellor. He has a B.A. in philosophy from Tufts University and an M.S. in urban policy analysis and management from the New School’s Milano School.

John Rose is a Managing Director and Senior Partner in the New York office of The Boston Consulting Group (BCG). He is the former leader of BCG’s global media practice and one of the founders of BCG’s State and Local public sector practice. He led BCG’s multi-year partnership with New York State’s Division of the Budget, assessing the economic impact of COVID—including developing the industry and behavioral guidelines to bring the state back from pause, assessing the structural changes in the state’s economy, changes in attitudes towards work, and net tax out migration. Prior to BCG, Rose was EMI PLC’s Group Executive Vice President responsible for creating EMI’s digital music business. Prior to EMI, he spent 20 years at McKinsey & Co. Rose received a B.A. in mathematics, summa cum laude, from Wesleyan University, and a Master’s Degree in Public and Private Management from Yale University. In addition to CBC, he’s a member of the Board of Trustees of New York Public Radio.

Tom Rousakis is a Senior Managing Director and US Infrastructure Leader of Ernst & Young Infrastructure Advisors, LLC (EYIA), an affiliate of Ernst & Young LLP, with over 25 years of experience in U.S. infrastructure finance and is a recognized authority on the growing US public-private partnership market. Rousakis joined EYIA after 16 years in infrastructure investment banking at Goldman Sachs and Morgan Stanley. He received his A.B. from Harvard College and his MPP from Harvard’s John F. Kennedy School of Government.

Dana Rubinstein has been a New York City government and politics reporter for The New York Times since 2020. She has covered New York City for various publications since 2006.

Karen Schlain has served as Deputy Commissioner for Tax Policy and Data Analytics in the New York City Department of Finance since 2020 and has been with the Department since 1986.  She has taught at the NYU Wagner Graduate School for Public Service and at NYU’s Schack Real Estate Institute. Schlain holds a M.P.P. from the Wharton School of the University of Pennsylvania and a bachelor’s degree in applied mathematics and economics from Johns Hopkins University.

Cristobal Young is an economic sociologist at Cornell University. Professor Young works in the overlapping fields of economic sociology, stratification, and quantitative methodology. Professor Young studies the social policies that moderate income inequality, ranging from millionaire taxes to unemployment insurance. He received a B.A. and M.A. from University of Victoria, and a M.A. and Ph.D. from Princeton. 

RESOURCES

  1. Agrawal, David R., and Dirk Foremny. 2018. “Relocation of the Rich: Migration in Response to Top Tax Rate Changes from Spanish Reforms.” SSRN Electronic Journal, April. https://doi.org/10.2139/ssrn.2796472.
  2. Aksoy, Cevat Giray, Jose Maria Barrero, Nicholas Bloom, Steven J Davis, Mathias Dolls, and Pablo Zarate. 2022. “Working from Home Around the World.” https://wfhresearch.com/wp-content/uploads/2022/10/Working-from-Home-Around-the-World-16-October-2022.pdf.
  3. Althoff, Lukas, Fabian Eckert, Sharat Ganapati, and Conor Walsh. 2022. “The Geography of Remote Work.” Regional Science and Urban Economics 93 (March): 103770. https://doi.org/10.1016/j.regsciurbeco.2022.103770.
  4. Barrero, Jose Maria, Nicholas Bloom, and Steven J Davis. 2021. “Internet Access and Its Implications for Productivity, Inequality, and Resilience.” In Rebuilding the Post-Pandemic Economy. Aspen Economic Strategy Group. https://wfhresearch.com/wp-content/uploads/2021/12/Internet-Access-and-its-Implications-for-Productivity-Inequality-and-Resilience-published.pdf.
  5. Barrero, Jose Maria, Nicholas Bloom, Steven J Davis, Brent Meyer, and Emil Mihaylov. 2022. “The Shift to Remote Work Lessens Wage-Growth Pressures.” https://wfhresearch.com/wp-content/uploads/2022/06/The-Shift-to-Remote-Work-Lessens-Wage-Growth-Pressures-20-June-2022.pdf.
  6. Barro, Jorge. 2022. “Domestic Migration and State Tax Policy.” https://www.bakerinstitute.org/sites/default/files/2022-08/BI-Brief-081222-CPF%2BState%2BMigration.pdf.
  7. Bartik, Alexander W, Zoe B Cullen, Edward L Glaeser, Michael Luca, and Christopher T Stanton. 2020. “What Jobs Are Being Done at Home During the Covid-19 Crisis? Evidence from Firm-Level Surveys.” National Bureau of Economic Research. https://www.nber.org/system/files/working_papers/w27422/w27422.pdf.
  8. Bloom, Nicholas A. 2021. “Why Working from Home Will Stick.” Working Paper 28731. National Bureau of Economic Research. https://wfhresearch.com/wp-content/uploads/2021/04/w28731-3-May-2021.pdf.
  9. Boyd, Donald, and Matt Jensen. 2021. “Repealing the SALT Cap: State-by-State Impacts.” Tax Notes State, October.
  10. Briggs, Joseph. 2021. “No Taxation Without Emigration.” Goldman Sachs. https://www.gspublishing.com/content/research/en/reports/2021/05/31/3d6d76f2-b14a-42f8-9650-0185c8eec52a.html.
  11. Brown, Jason, and Colton Tousey. 2021. “How the Pandemic Influenced Trends in Domestic Migration Across U.S. Urban Areas.” The Federal Reserve Bank of Kansas City Economic Review, November. https://doi.org/10.18651/ER/v106n4BrownTousey.
  12. Cohen, Roger S., Andrew E. Lai, and Charles Steindel. 2015. “A Replication of ‘Millionaire Migration and State Taxation of Top Incomes: Evidence from a Natural Experiment’ (National Tax Journal 2011).” Public Finance Review 43 (2): 206–25. https://doi.org/10.1177/1091142114537893.
  13. Cohen, Roger, Andrew Lai, and Charles Steindel. 2012. “Tax Flight Has Tangible Effects On Income Tax Revenue.” State Tax Notes, February.
  14. Cohen, Roger, Andrew Lai, and Charles Steindel. 2014. “State Income Taxes and Interstate Migration.” Business Economics 49 (3): 176–90. https://doi.org/10.1057/be.2014.25.
  15. Comptroller Brad Lander. 2023. "What Risks Does the Office Market Pose for the City’s Finances?" Office of the New York City Comptroller. https://comptroller.nyc.gov/reports/spotlight-what-risks-does-the-office-market-pose-for-the-citys-finances/.
  16. Comptroller Brad Lander. 2023. "Raising Revenues." Office of the New York City Comptroller. https://comptroller.nyc.gov/reports/raising-revenues/.
  17. Comptroller Brad Lander. 2023. "NYC Personal Income Tax 2019-2021." Office of the New York City Comptroller. 2023, https://comptroller.nyc.gov/reports/spotlight-nyc-personal-income-tax-2019-2021/.
  18. Comptroller Scott Stringer. 2021. “The Pandemic’s Impact on New York City Migration Patterns.” Office of New York City Comptroller. https://comptroller.nyc.gov/wp-content/uploads/documents/The-Pandemics-Impact-on-NYC-Migration-Patterns.pdf.
  19. Comptroller Thomas P. DiNapoli. 2022. “Moving In or Moving Out? New York State Personal Income Taxpayer Migration Trends.” Office of the New York State Comptroller. https://www.osc.state.ny.us/files/reports/pdf/taxpayer-migration.pdf.
  20. Coven, Joshua, Arpit Gupta, and Iris Yao. 2020. “Urban Flight Seeded the COVID-19 Pandemic Across the United States.” SSRN Electronic Journalhttps://doi.org/10.2139/ssrn.3711737.
  21. Dalton, Michael, Matthew Dey, and Mark Loewenstein. 2022. “The Impact of Remote Work on Local Employment, Business Relocation, and Local Home Costs.” 553. U.S. Bureau of Labor Statistics. https://www.bls.gov/osmr/research-papers/2022/pdf/ec220080.pdf.
  22. Ding, Lei, and Jackelyn Hwang. 2022. “Has COVID Reversed Gentrification in Major U.S. Cities? An Empirical Examination of Residential Mobility in Gentrifying Neighborhoods During the COVID-19 Crisis.” Working Paper (Federal Reserve Bank of Philadelphia) 22-20. Working Paper (Federal Reserve Bank of Philadelphia). Federal Reserve Bank of Philadelphia. https://doi.org/10.21799/frbp.wp.2022.20.
  23. Dingel, Jonathan I, and Brent Neiman. 2020. “How Many Jobs Can Be Done at Home?” April,19. https://www.nber.org/system/files/working_papers/w26948/w26948.pdf.
  24. Donnelly, Frank, Anastasia Clark, and Janine Billadello. 2018. “New Yorkers on the Move: Recent Migration Trends for the City and Metro Area.” Weissman Center for International Business, Baruch College, CUNY. https://zicklin.baruch.cuny.edu/wp-content/uploads/sites/10/2018/02/Paper-Series-Feb.-2018-No.-15-New-Yorkers-on-the-Move.pdf.
  25. Frey, William H. 2022. “Big Cities Saw Historic Population Losses While Suburban Growth Declined During the Pandemic.” The Brookings Institutionhttps://www.brookings.edu/research/big-cities-saw-historic-population-losses-while-suburban-growth-declined-during-the-pandemic/.
  26. Gupta, Arpit, Vrinda Mittal, Jonas Peeters, and Stijn Van Nieuwerburgh. 2021. “Flattening the Curve: Pandemic-Induced Revaluation of Urban Real Estate.” Working Paper. https://static1.squarespace.com/static/56086d00e4b0fb7874bc2d42/t/611288e768fd8d6659d84fdd/1628604656639/NYCempty.pdf.
  27. Haslag, Peter, and Daniel Weagley. 2022. “From L.A. To Boise: How Migration Has Changed During the COVID-19 Pandemic.” Working Paper. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3808326.
  28. Hong, Nicole, and Matthew Haag. 2022. “The Pandemic Flight of Wealthy New Yorkers Was a Once-in-a-Century Shock.” The New York Timeshttps://www.nytimes.com/2022/06/28/nyregion/wealthy-pandemic-nyc.html.
  29. Lavelle, Martin, and Elizabeth Kepner. 2022. “U.S. Migration Patterns Before and After the Start of the Covid-19 Pandemic - Federal Reserve Bank of Chicago.” Federal Reserve Bank of Chicago: Midwest Economy Bloghttps://www.chicagofed.org/publications/blogs/midwest-economy/2022/migration-before-and-during-pandemic.
  30. McMahon, E.J. 2022. "New York lost more high-earning taxpayers in pandemic-wracked 2020." Empire Center for Public Policy. https://www.empirecenter.org/publications/new-york-lost-more-high-earning-taxpayers-in-pandemic-wracked-2020/.
  31. McMahon, E.J. 2023a. "Testimony before Joint Legislative Fiscal Committee hearing on tax issues in FY 2024 budget." Empire Center for Public Policy. https://www.empirecenter.org/publications/tax-testimony-ej-mcmahon-feb-2023/ 
  32. McMahon, E.J. 2023b. "NY taxpayer outflow hit a new net high of 261,785 in 2020-21.” Empire Center for Public Policy. https://www.empirecenter.org/publications/ny-taxpayer-outflow-hit-a-new-net-high-of-261785-in-2020-21/.
  33. Melodia, Lauren. 2023. Pandemic wage gains in New York City’s high-wage industries outpace gains for low- and middle-wage industry workers." Center for New York City Affairs. http://www.centernyc.org/reports-briefs/pandemic-wage-gains-in-new-york-citys-high-wage-industries-outpace-gains-for-low-and-middle-wage-industry-workers
  34. New York City Department of City Planning, Population Division. 2022. “Understanding New York City’s Population Trends.” New York City Department of City Planning, Population Division. https://www1.nyc.gov/assets/planning/download/pdf/planning-level/nyc-population/population-estimates/understanding-current-population-trends-in-nyc.pdf.
  35. Parrott, James A. 2023. "The latest Census Bureau data on incomes and poverty show just how far NYC has slipped from pre-pandemic levels in relation to the U.S. overall and the nation’s other large cities." The Center for NYC Affairs. http://www.centernyc.org/reports-briefs/the-latest-census-bureau-data-on-incomes-and-poverty-show-just-how-far-nyc-has-slipped-from-pre-pandemic-levels-in-relation-to-the-us-overall-and-the-nations-other-large-cities.
  36. Program on Applied Demographics. 2022. “2021 County and Economic Development Regions Population Estimates: Analysis of the US Census Bureau Vintage 2021 Total County Population Estimates.” The Cornell Jeb E. Brooks School of Public Policy. https://pad.human.cornell.edu/papers/downloads/V2021highlights.pdf.
  37. Ramani, Arjun, and Nicholas Bloom. 2021. “The Donut Effect of Covid-19 on Cities.” https://wfhresearch.com/wp-content/uploads/2021/05/DONUT_MAY21.pdf.
  38. Rauh, Joshua, and Ryan Shyu. 2022. “Behavioral Responses to State Income Taxation of High Earners: Evidence from California.” w26349. Cambridge, MA: National Bureau of Economic Research. https://doi.org/10.3386/w26349.
  39. Schulman, Adam, and Gyan Bhanot. 2021. “Migration of Households from New York City and the Second Peak in Covid-19 Cases in New Jersey, Connecticut and New York Counties.” Preprint. PubMed Central. https://doi.org/10.1101/2021.03.29.21254583.
  40. Toukabri, Amel, and Crystal Delbé. 2022. “Big Population Shifts in Cities and Towns One Year Into Pandemic.” U.S. Bureau of the Censushttps://www.census.gov/library/stories/2022/05/population-shifts-in-cities-and-towns-one-year-into-pandemic.html.
  41. Whitaker, Stephan D. 2019. “Population, Migration, and Generations in Urban Neighborhoods.” Economic Commentary (Federal Reserve Bank of Cleveland), May, 1–5. https://doi.org/10.26509/frbc-ec-201908.
  42. Young, Cristobal. 2018. “Eight Brief Responses about Millionaire Migration.” http://cristobalyoung.com/development/wp-content/uploads/2018/11/Eight_Brief_Responses.pdf.
  43. Young, Cristobal, and Ithai Lurie. 2022a. “How Shocks to Incentives and Embeddedness Shape Millionaire Tax Flight.” In Utah Tax Invitational, 2022, 45. Salt Lake City, Utah.
  44. Young, Cristobal, and Ithai Lurie. 2022b. “How Incentives and Embeddedness Shape Millionaire Tax Flight.” Washington Center for Equitable Growth. https://equitablegrowth.org/wp-content/uploads/2022/07/072822-WP-Taxing-the-Rich-How-Incentives-and-Embeddedness-Shape-Millionaire-Tax-Flight-Young-and-Lurie.pdf.
  45. Young, Cristobal, and Charles Varner. 2011. “Millionaire Migration and State Taxation of Top Incomes: Evidence from a Natural Experiment.” National Tax Journal 64 (2): 255–84. http://ntj.tax.org/wwtax/ntjrec.nsf/175d710dffc186a385256a31007cb40f/6f4735598cfb55f5852578ab004b5979/$FILE/A02-Young.pdf.
  46. Young, Cristobal, and Charles Varner. 2015. “A Reply to “A Replication of ‘Millionaire Migration and State Taxation of Top Incomes: Evidence from a Natural Experiment’ (National Tax Journal 2011).” Public Finance Review 43 (2): 226–34. https://doi.org/10.1177/1091142114537896.
  47. Young, Cristobal, Charles Varner, Ithai Z. Lurie, and Richard Prisinzano. 2016. “Millionaire Migration and Taxation of the Elite: Evidence from Administrative Data.” American Sociological Review 81 (3): 421–46. https://doi.org/10.1177/0003122416639625.

MIGRATION WORKING GROUP

In 2022, the CBC convened a group of economists, analysts, and other experts with diverse perspectives to enhance the discussion of migration in New York with the goals of better grounding debates of relevant policy in data and evidence and improving New York’s policy responses. The Working Group has been reviewing, developing, and examining data and research related to in- and out-migration, including changes in commuting patterns, shifts in work locations, and changes in the location of business activity. The Working Group is the progenitor of the Growing Gotham conference. Much of the data and discussions today are inspired by Working Group sessions and the belief that New York’s broader policy and civic community would benefit from this public, data-driven discussion.

  • Andrew A. Beveridge, Co-Founder and President, Social Explorer, Inc.; Professor Emeritus Queens College and CUNY Graduate Center
  • Francesco Brindisi, Executive Deputy Comptroller for Budget and Finance, Office of NYC Comptroller
  • Ana Champeny, Vice President for Research, CBC
  • Maria Doulis, Deputy Comptroller, Budget and Policy Analysis, Office of NYS Comptroller 
  • Arpit Gupta, Associate Professor of Finance, Leonard N. Stern School of Business, NYU
  • Andrew Haughwout, Director of Household and Public Policy Research, Federal Reserve Bank of New York
  • Amanda Hiller, Acting Commissioner and General Counsel, NYS Department of Taxation and Finance
  • Michael Jacobs, Assistant Director, Economics and Taxes, NYC Independent Budget Office   
  • Arun Peter Lobo, Chief Demographer, Population Division, NYC Department of City Planning
  • E.J. McMahon, Founding Senior Fellow, Empire Center for Public Policy 
  • Jonathan J. Miller, President and CEO, Miller Samuel Inc.
  • James Parrott, Director of Economic and Fiscal Policies, Center for NYC Affairs, The New School 
  • Andrew Rein, President, CBC
  • Joelle Scally, Regional Economic Principal, Urban and Regional Studies, Federal Reserve Bank of New York
  • Bob Scardamalia, President, RLS Demographics, Inc. 
  • Karen Schlain, Deputy Commissioner, Tax Policy and Data Analytics, NYC Department of Finance  
  • Charles Steindel, Editor of Business Economics, National Association for Business Economics (NABE)
  • George Sweeting, Senior Fellow, Center for NYC Affairs, The New School  
  • Marcia Van Wagner, Former Vice President, Moody’s Investors Service (retired)

COMPETITIVENESS COMMITTEE

The Citizens Budget Commission (CBC) conducts its research under the auspices of five Trustee research committees. The Competitiveness Committee focuses on how the New York metropolitan region can become more competitive for jobs and residents. Previously, the Committee released a scorecard on the competitiveness of the New York region in attracting educated and talented workers. The Committee has recently focused on examining the facts and causes of New York’s population loss. 

Chair: Tom Rousakis, U.S. Transactions Infrastructure Leader, Ernst & Young Infrastructure Advisors, LLC; CBC Trustee