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Press Release
Economic Development
Watchdog Groups Call for Emergency Oversight Hearing
Groups Respond to Historic Bid-Rigging Scandals
October 13, 2016
Numerous prominent budget and transparency watchdog groups today called on New York leaders to hold emergency oversight hearings on the allegations by the U.S. Attorney of the largest bid-rigging scandals in state history.
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.
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
Economic Development
CBC Study Calls for Better Reporting on Economic Development Projects
The Value of Investments Through Regional Economic Development Councils Cannot Be Determined Without Better Understanding Results
November 30, 2015
The study concludes that the value the Councils may have in coordinating economic development activities across the state cannot be properly evaluated with existing data.
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
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.
Video
Pensions & Benefits
Cuomo Wants to Roll Back Part of Pension Reform for Police, Firefighters
NY1
May 15, 2015
When it comes to police and firefighters, Governor Andrew Cuomo wants to roll back part of the pension reform he helped push through the state legislature in 2012.
Op Ed
Economic Development
What's the Return on Investment for New York's Economic Development Efforts?
March 22, 2015
New York State's economic development programs have long been the subject of debate because it is difficult to measure the benefits they produce. Are the State's considerable investments worthwhile? Although their political value is clear, their economic value is not.
Press Release
Economic Development
CBC Releases Report on NYS Economic Development Programs
Modest Reforms Have Been Adopted, But Most Investments Continue To Be Problematic
February 19, 2015
The report analyzes the changes in economic development spending from 2010 to 2014 and the extent to which problems previously identified have been constructively addressed.
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
City Budget
Issues Remain In Mayor de Blasio's New Budget
May 08, 2014
For months, the biggest fiscal uncertainty for the city has been how Mayor de Blasio would handle negotiations with the municipal unions that have been working without contracts.
Video
City Budget
Teacher Contract Agreement Clears Significant Hurdle
NY1
May 05, 2014
The tentative agreement between Mayor Bill de Blasio and the city's teachers union cleared a significant hurdle Friday, but some budget watchdogs are questioning whether a key provision of the deal, to cut health care costs, will actually work.
Op Ed
Economic Development
How to Make NYC Economic Development More Effective
January 26, 2014
The start of the new administration offers an important opportunity to review the city's economic development practices and assure that they foster growth by making business incentives more cost-effective and transparent.
Op Ed
Economic Development
Find Ways to Attract Talent
August 11, 2013
CBC's Director of New York City Studies Maria Doulis pens an op-ed in the New York Times' Room for Debate on how the next mayor can achieve important economic development goals: more jobs, a more diversified industry mix, a larger middle class and enhanced entrepreneurship.
Op Ed
Economic Development
Remaining the World's Most Competitive City
June 18, 2013
A study released earlier this month by The Economist Intelligence Unit held good news for New York City, which ranked first among 120 global cities based on ability to attract capital, businesses and talent. But the competition is fierce, and is not limited to international megacities like London, Singapore, Hong Kong, and Tokyo.
Op Ed
Public Workforce
The Next Mayor's Biggest Challenge
May 19, 2013
As the New York City mayor's race builds momentum, candidates are discussing a wide range of issues - but not how they would tackle the biggest challenge the next mayor will certainly face: negotiating municipal labor contracts.
Op Ed
Public Workforce
Finding a Better Way on Labor Bargaining
May 18, 2013
Taxpayers are at a disadvantage in collective bargaining with police and firefighter unions in New York state because of the way binding arbitration is done. The culprits are provisions of a statute, known as the Taylor Law, that expire July 1.
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.