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Video
City Budget
CBC Releases Recommendations on How FDNY Should Allocate Its Resources
Fox 5 New York
November 25, 2018
Citizens Budget Commission releases recommendations on how #FDNY should allocate its resources.
Video
Housing
Marisa Lago, Director of the Dept. of City Planning
CBC Breakfast Series
June 19, 2018
Marisa Lago, Director of the Department of City Planning and Chair of the City Planning Comission, joined the CBC to discuss the U.S. Census, neighborhood revitalization, housing afforability, and resiliency and sustainability.
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
Transportation
Four years after 'Bridgegate,' Port's fiefdoms are coming back
Crain's New York Business
May 30, 2018
The Port Authority of New York and New Jersey is a crucial agency, but it is badly governed and in need of reform.
Statement
City Budget
Statement on the NYC Fiscal Year 2019 Executive Budget
April 26, 2018
New York City’s Executive Budget for Fiscal Year 2019 increases operating spending at more than twice the rate of inflation and misses an opportunity to bolster reserves as strong tax revenue growth continues.
Video
City Budget
Following the Money
NY1
April 26, 2018
Errol Louis analyzed Mayor de Blasio’s $89 billion budget with Maria Doulis of the Citizens Budget Commission and Nicole Gelinas of the Manhattan Institute
Video
City Budget
Brian Talks New York: Fair Fares And Other NYC Budget Debates
CUNY TV Channel 75
April 19, 2018
The City Council has presented a budget that includes reduced priced Metrocards for low-income New Yorkers and other ideas. Brian discusses this with Citizens Budget Commission president, Carol Kellerman and City Councilman Ydanis Rodriguez.
Statement
State Budget
CBC Urges State Leaders to Respond to the Federal Tax Cuts and Jobs Act To Promote Competitiveness and Protect New Yorkers
March 26, 2018
With budget negotiations in the final push, here's what State leaders should do now and in months to come.
Video
City Budget
What Would de Blasio's Budget Proposal Mean For NYC Seniors?
Spectrum News
February 26, 2018
NY1's "In Focus" talks to CBC President Carol Kellerman about the new budget proposal released by Mayor Bill de Blasio.
Video
CBC News
NYS Budget Director Robert Mujica (2018)
Annual Budget Briefing
February 15, 2018
NYS Budget Director Robert Mujica presents the annual New York State Executive Budget Briefing to CBC.
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.
Press Release
Pensions & Benefits
CBC Uncovers Potential $160 Million In Savings From Better Management Of NYC's Union-Administered Benefit Funds
February 08, 2018
CBC today released the report Union-Administered Benefit Funds: Getting More Out of a Billion Dollar Taxpayer Contribution, which gives short-term and long-term recommendations for improving the inefficient operations of union-administered benefit funds.
Video
City Budget
Budget Concerns
Inside City Hall
February 04, 2018
Citizens Budget Commission President Carol Kellerman sat down with Errol Louis to share some of her concerns over Mayor de Blasio’s proposed budget.
Press Release
City Budget
CBC Recommends Budget Strategies for Mayor de Blasio's Second Term
January 26, 2018
In order to reach, and then sustain, budget stability in the Mayor’s second term, the budget should contain spending growth; build reserves; reduce the size of the capital plan and the cost of capital projects; and strengthen finances at NYCHA and NYC H+H.
Press Release
Economic Development
CBC Releases Report On Mayor De Blasio's Economic Development Record
January 02, 2018
Evaluation of the City's economic development record under Mayor de Blasio and recommendations for five areas for improvement.
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.
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.