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Press Release
Pensions & Benefits
CBC Issues Report Detailing The Unsustainable And Growing Burden Of New York City's Other Post-Employment Benefit Debt
October 25, 2017
NYC's Other Post-Employment Benefits (OPEB) amounts to $95 billion. New policies should be implemented to reduce the financial burden on future generations.
Press Release
Capital Spending
CBC Issues Report Estimating Mario M. Cuomo Bridge Toll Will Double
October 13, 2017
In order to fully fund the cost of construction, CBC estimates that the toll will need to increase to approximately $10.
Press Release
City Budget
CBC Releases NYC Resident Feedback Survey Results
May 16, 2017
The results show which municipal services are in greatest need of improvement.
Op Ed
Transportation
Make the MetroCard a gateway to opportunity, not a barrier
Transit should be half-price for the working poor
January 08, 2017
Half-priced metrocards for low-income adults should be paid for by the City, not the MTA. The City already supports reduced fares for the elderly and disabled.
Press Release
Pensions & Benefits
Report Reveals Benefit to Teachers Costs NYC Taxpayers $1.2 Billion Annually
Teachers Guaranteed a 7 Percent Return on Deferred Compensation Investments
October 05, 2016
Like many public and private sector workers, New York City teachers can contribute to a voluntary tax-deferred compensation plan. However the teachers’ plan is unique in its guarantee of a fixed rate of return. Taxpayers are making up the difference at an annual cost of $1.2 billion.
Press Release
Economic Development
CBC Releases Scorecard Assessing the NYC Metro Area's Competitiveness
Scorecard Compares the NYC Region with the Nation’s 14 Other Largest Metropolitan Areas
September 28, 2016
The Citizens Budget Commission (CBC) today released its 2016 Competitiveness Scorecard, which assesses the competitiveness of the New York City metropolitan area (NYC metro) in attracting and retaining highly educated talent.
Video
Transportation
Proposed Changes to the MTAs Pricey Access-A-Ride Program Could Improve Service
NY1
September 20, 2016
About 150,000 disabled New Yorkers use the MTA's pricey Access-A-Ride service to get around the city each day. Two new studies are proposing ways to dramatically improve service and save taxpayers more than $100 million a year.
Op Ed
City Budget
The “20-20-20-20” Dilemma
The Need to Curtail New York City’s Legacy Costs
August 03, 2016
A giant and rapidly growing slice of the New York City budget pays for "legacy costs" - pensions, retiree health benefits, and debt service - which already exceed 20 percent of the budget and will expand by 20 percent to more than $20 billion in annual spending by fiscal year 2020. But the City can take steps to deal with it.
Op Ed
Health Care
Improving Medicaid Further In New York Is Challenging But Vital
June 20, 2016
The State’s Department of Health and its Medicaid Redesign Team have developed and implemented strategies that have yielded significant quality improvements and savings, but much more is needed.
Op Ed
City Budget
The Rapidly Rising Cost of City Workers
New York City Employees Get $138,000 in Pay and Benefits, and Rising
June 09, 2016
The mayor and City Council quickly came to an agreement on the details of an adopted budget for fiscal year 2017, but little attention has been paid to spending projected over the course of the five-year financial plan. We ought to focus, and hold onto our wallets.
Op Ed
City Budget
Make NYC’s Retiree Health Benefit Trust More Trustworthy
May 25, 2016
The City of New York has a $70 billion liability for retiree health insurance costs and other post-employment benefits (OPEB), not including pensions. These benefits are contractually owed to retired city employees and are largely unfunded.
Press Release
Health Care
CBC Report Finds Cost-Effective NYS Medicaid Reforms Face Challenges
Significant Additional Gains Will Require Several Years, Continued Refinement of Strategies
May 23, 2016
This report finds that the strategies of the Medicaid Redesign Team and the New York State Department of Health have yielded significant savings and quality improvements, but realization of their full potential faces serious implementation challenges.
Op Ed
City Budget
A Mixed Budget Message
May 02, 2016
Mayor Bill de Blasio’s executive budget and accompanying four-year financial plan send a mixed message about New York City’s fiscal outlook. For the short term, economic performance and local revenues are exceeding expectations this year.
Op Ed
State Budget
What Will Be The Long-Term Impact Of The State Budget Agreement?
April 03, 2016
Gov. Andrew Cuomo’s proposed budget projected out-year deficits of $1.2 billion, $3 billion and $3.4 billion in state fiscal years 2018, 2019, and 2020 (before unspecified savings associated with adherence to a 2 percent state operating spending growth cap).
Video
State Budget
What to Expect in Gov. Cuomo’s State of the State Address
NY1
December 21, 2015
Governor Cuomo said he wants an additional mile-and-a-half of track built to create a rail link between La Guardia Airport and Willets Point in Queens.
Video
Transportation
Taxi Tax Shrinks: MTA’s bottom line cut as taxi ridership plunges
NY1
November 23, 2015
Fifty cents goes to the MTA every times you ride a yellow or green taxi, but with taxi ridership shrinking, so does the MTA's bottom line.
Video
Transportation
Riders Should Not Expect Quick Fixes as MTA Prepares to Put
NY1
October 13, 2015
At close to $30 billion, the MTA is about to get handed a record sum of money to maintain and expand a transit system that's showing wear and tear from record ridership, but riders shouldn't expect quick fixes.
Video
Transportation
Report Finds MTA Not Keeping Up With Repairs at Current Rate
NY1
September 02, 2015
A new report urges the Metropolitan Transportation Authority to pick up the pace on making station repairs throughout a system that's more than a century old and to look for new ways to fund the work.
Press Release
Transportation
CBC Examines Why the MTA's Subway Stations Never Reach a State of Good Repair
Interactive Map Accompanying Report Shows Conditions at Each Subway Station; 7 of the 10 Worst Stations Are In Queens
September 02, 2015
The Citizens Budget Commission today released a report – titled “Sisyphus and Subway Stations” – that examines why the subway stations of the MTA never reach a state of good repair and recommends how to address the challenge.
Video
Transportation
Citizens Budget Commission Lays Out Ways to Tax For-Hire Car
NY1
August 26, 2015
Thanks to the surge of car services like uber, fewer and fewer people are taking yellow cabs—and it's just not cabbies who are feeling the pinch. The decline has real implications for the city's transit system, which received fifty cents for every cab ride.