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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
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.
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.
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
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.
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
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.