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Press Release
CBC News
Twenty Watchdogs Ask Governor’s Budget Office For Transparency About State Funds Being Withheld and Advanced as Emergency Adjustments to Budget
December 22, 2020
Public Does Not Currently Know How Much State Funding is Being Withheld From Individual Agencies Such as MTA, or By Program
Video
CBC News
A Conversation with SUNY Chancellor Dr. Jim Malatras
December 08, 2020
Chancellor Malatras discussed his work with the Governor to mitigate the pandemic, his vision for SUNY, and how it is responding to the pandemic.
Video
CBC News
Sages of the Ages
Lessons from Past Fiscal Crises and Perspectives on the Present
June 02, 2020
CBC hosted a special panel discussion of prominent fiscal experts who helped New York overcome some of the most dire crises of the past. They provided insights and lessons from past experiences to help us understand and navigate the looming crisis.
Video
CBC News
How the Coronavirus Affects the City and State’s Bottom Line
Spectrum News NY1
March 10, 2020
Andrew Rein discuss the impact of the coronavirus crisis on the city and state’s bottom line.
Video
Education
Citizens Budget Commission Calls for Changes to Foundation Aid Formula
TWC News
December 21, 2016
The Board of Regents is calling for a $1.2 billion increase in school funding next year, including nearly $1.5 billion for foundation aid. However, he Citizens Budget Commission says there is a much cheaper way to help low-income students.
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.
Video
Economic Development
State Economic Development Programs: Are We Getting Our Bang for Our Buck?
TWC News
September 29, 2016
Allegations in state government are bringing more light to the state's economic development - the cost of many programs continues to rise but the rate of return doesn't hold up. CBC's Dave Friedfel explains.
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.
Press Release
State Budget
Director of State Studies David Friedfel an Albany Rising Star
June 13, 2016
City & State Magazine has named David Friedfel, Director of State Studies at the Citizens Budget Commission, one of its 2016 Albany Rising Stars.
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
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.
Video
Economic Development
NYS Exposed
Risky Business Investments
April 25, 2016
Billions of your taxpayer dollars are used in an effort to lure businesses to our region to create jobs. What's being done to make sure state money isn't being wasted?
Press Release
State Budget
CBC Prize for Public Service Innovation to Be Awarded to New York State's Lean Initiative
April 07, 2016
The CBC Prize is awarded annually – in alternating years to either a New York State or a New York City agency – to recognize and promote successful innovations in the delivery of public services.
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).
Op Ed
City Budget
Mayor de Blasio's Citywide Savings Program: Too Little of the Really Good Stuff
February 24, 2016
In his second year de Blasio reestablished the practice under the new name of Citywide Savings Program (CSP). The resurrection has been uninspired; the CSP in the latest plan, released last month, is too small and includes too few efficiency initiatives.
Op Ed
City Budget
Reducing Organic Waste Without Increasing Costs
February 03, 2016
The Department of Sanitation's focus on organic waste is merited by the size of the waste stream (more than 1 million tons annually) and environmental benefits of reducing greenhouse gases through use of alternative disposal strategies, such as composting, rather than transport to distant landfills.
Press Release
City Budget
CBC Report Recommends Targeted Approach to NYC Organic Waste Diversion
Report Proposes Measures to Contain Costs That Could Exceed $250 Million Annually
February 02, 2016
This report analyzes the potential cost to New York City taxpayers of diverting food scraps and other organic material from landfills as part of the City's environmental agenda. It finds an expansion of the City's residential organics program would impose new financial costs of up to $250 million annually.
Op Ed
City Budget
What de Blasio’s Budget is Missing
January 21, 2016
The mayor’s plan increases spending without any increases to tax rates, thanks to rising property values and continued economic growth: Employment has reached an all-time high, real wages are growing and tourists are still flocking to the city in record numbers.