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Press Release
Transportation
New Sources of Funding for MTA Capital Plan Available From Services Regulated by the NYC Taxi and Limousine Commission
Three Options for Increasing Motor Vehicle Cross-Subsidies for Mass Transit Service
August 26, 2015
Today the Citizens Budget Commission released a policy brief – titled “Taxis, Taxes, and the MTA Funding Gap” – that discusses three alternatives for generating added revenue from services regulated by the Taxi and Limousine Commission.
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?
Video
Transportation
Money for the MTA
Brooklyn Independent Media
July 22, 2015
The Mayor's Executive Budget, which leaves unanswered how billions of dollars in much-needed transit improvements will be funded. The MTA is preparing its capital plan through 2019 which will determine the system's future condition.
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.
Press Release
Housing
CBC Report Highlights Strategies for NYCHA to Improve Operations and Close Deficits
Report Recommends Specific Actions Needed to Enhance City's Public Housing to Better Serve Residents
April 29, 2015
The report provides a financial analysis of NYCHA, the largest public housing agency in the nation with more than 178,000 housing units at an annual operating cost of $2.6 billion.
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.
Video
Transportation
Group Wants Drivers to Foot MTA Budget Gap Bill
NY1
March 25, 2015
Drivers could be paying more to help fund mass transit if one non-profit group gets its way.The Citizens Budget Commission is proposing a number of fees on cars and trucks to help the MTA close a $1 billion gap in its capital investment program.
Video
Transportation
NY1’s The Call Discusses CBC Fare Proposal in Recent Report
NY1
March 25, 2015
NY1's The Call discusses CBC Proposal in Recent Report "More than Fare: Options for Funding Future Capital Investments by the MTA.
Press Release
Transportation
CBC Recommends Closing Funding Gap in MTA Capital Plan With Motor Vehicle User Charges
Best Options Are New Tolling Policies or New Vehicle-Miles Traveled Tax
March 25, 2015
This report examines the MTA’s current fiscal challenges and identifies options for funding its capital investment needs for the next five years. The analysis includes consideration of how well measures to raise money for the MTA fit into a broader financing plan for the state’s entire transportation system.
Op Ed
Transportation
Port Authority's Brooklyn Port Facilities Should Be Reimagined
February 02, 2015
The port of New York-New Jersey is the largest container port on the East Coast. It's publicly owned by the Port Authority of New York and New Jersey, and it consistently loses money ($82 million in 2013).
Op Ed
State Budget
Ten Key Takeaways from Governor Cuomo's Executive Budget
January 28, 2015
Last week, Citizens Budget Commission listed the Top Ten Things to Look for in the NYS 2016 Budget. Here is how they fared in the Executive Budget Proposal outlined by Governor Cuomo on January 21.
Op Ed
Transportation
How to Fill the MTA's Budget Gap
November 18, 2014
Nearly six of every 10 of the 3.7 million people entering New York’s central business district each weekday rely on the Metropolitan Transportation Authority’s commuter rails, subways and buses.
Op Ed
Health Care
Fiscal Challenges for NYC's Health and Hospitals Corporation
November 10, 2014
In fiscal year 2013, the Health and Hospitals Corporation (HHC) ran a deficit of $668 million. Final numbers for fiscal year 2014 have not been released, but the estimated deficit is $645 million.
Op Ed
Capital Spending
What New York Should Do With $4B
July 23, 2014
New York State will soon receive more than $4 billion in settlements from large financial institutions. It is an unprecedented windfall and it is generating discussion about what to do with the money.
Op Ed
Transportation
PATH Should Be Run By New Jersey Transit
May 04, 2014
PATH is the only mass transit system in the nation with no tax subsidy. That should be changed, and responsibility for running PATH should be shifted to New Jersey Transit.
Op Ed
Health Care
New York State's Leadership in Providing Health Insurance
April 16, 2014
Amidst the national controversy over the creation of health insurance exchanges or marketplaces, the launch and early months of New York's official health plan marketplace stand out.
Video
Transportation
MTA: More Subway Tubes Flooded During Sandy Likely Need Repairs
NY1
September 17, 2013
The head of the Metropolitan Transportation Authority warns that subway tubes flooded during Hurricane Sandy likely still need repairs on equipment damaged by saltwater.
Op Ed
Pensions & Benefits
Reining in New York City's Skyrocketing Health Insurance Costs
April 17, 2013
The City's employee unions, whose contracts have expired, may prefer to wait and negotiate with the next mayor, but the election won't change the fiscal reality: the City's share of health insurance premiums for city workers and retirees is high in comparison to norms in the private and public sectors.
Op Ed
State Budget
Priorities for Governor Cuomo's Next Budget
December 17, 2012
Governor Andrew Cuomo and the New York State Legislature have successfully tackled serious budget issues in recent years, but important challenges remain. These must be addressed in his next budget in order to improve the state's fiscal condition and give local governments better tools to manage their structural deficits.
Op Ed
Transportation
A Better Way to Pay for the MTA
October 16, 2012
CBC President Carol Kellermann pens an opinion piece for the Huffington Post on the importance of creating a new approach to financing the MTA. The op-ed is premised on our latest MTA report, "A Better Way to Pay for the MTA."