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October 16, 2017Even when economic development deals produce jobs, the question remains: How much of that activity would have occurred anyway without taxpayer dollars? The Citizens Budget Commission has called for an overhaul of the state’s economic development program, citing research by senior economist Timothy Bartik at the Upjohn Institute for Employment Research that described New York’s programs as the costliest in the nation.
October 13, 2017Drivers will foot part of the bill for building the new Mario Cuomo Bridge, with tolls potentially doubling, according to estimates from a fiscal watchdog released Friday.
The Citizens Budget Commission projected tolls reaching $10 on the state’s latest construction marvel, which replaced the Tappan Zee Bridge between Westchester and Rockland counties. Gov. Cuomo is keeping tolls frozen until 2020.
October 13, 2017Yet another independent review confirms a warning we’ve made for years: Paying the bill for the new Gov. Mario M. Cuomo Bridge may well mean doubling the toll to $10.
Report Capital Spending
October 12, 2017Tolls for the new Governor Mario M. Cuomo Bridge have not been released yet, but based on construction costs, CBC estimates it will be approximately $10 for cars, double the current rate.
Episode 15 - 60+ years/sites/default/files/podcast_episodes/episode_29.jpg This episode's datapoint is "60+," as the combined years of professional experience of special guests Renee Boicourt and Kent Hiteshew in the matters of public finance. Listen to live audio from the CBC's recent event, "Fiscal Crises," where experts Renee and Kent discussed lessons learned from the bankruptcy of Detroit and the ongoing crisis in Puerto Rico. City Budget
Letter State Budget
October 12, 2017CBC calls on Governor Andrew Cuomo to veto 16 bills that would provide expensive enhancements to government employee and retiree benefits.
October 12, 2017Tolls on the $4 billion replacement for the Tappan Zee Bridge may have to double to pay for it.
That is according to a policy brief from a nonpartisan watchdog group that crunched the numbers on the recently opened Gov. Mario M. Cuomo Bridge.
Episode 14 - 4 years/sites/default/files/media/hero/IMG_6351_cropped.jpg This episode's datapoint is "4,” as in Bill de Blasio's four years as mayor. Greg David of Crain's New York Business and CUNY Journalism School joined the podcast to discuss his recent investigative piece in Crain's about Mayor de Blasio's performance during in his first term. City Budget
October 04, 2017Gov. Andrew Cuomo, facing billions of dollars in federal cuts to two health programs, said that public hospitals across the state, including New York City Health + Hospitals, will have to make due with less money than their executives anticipated.
"We know today we don't have enough money to pay every public hospital 100 percent," Cuomo said. "What percent can we pay? We're not sure."
Patrick Orecki, a research associate with the Citizens Budget Commission, agreed that the city should receive the money. "The payments in question have already been earned for services rendered and should be released when earned," he said.
Special Feature Transportation
October 02, 2017CBC Dashboard for the MTA Financial Plan, Updated July 2017
September 29, 2017If the extension expires as scheduled on Sunday, hospitals in New York state will immediately start losing about $60 million a month in funding.
“There’s this chunk of money that was originally scheduled to phase out under the Affordable Care Act,” says Charles Brecher, senior advisor for health policy at the Citizens Budget Commission. The idea was that as more people got insured under Obamacare, hospitals wouldn’t need as much in additional compensatory payments.
Episode 13 - 95 Days/sites/default/files/media/hero/IMG_6306%20%282%29.JPG 95 is the number of days remaining in the second term of City Council Member Julissa Ferreras-Copeland. Julissa is the first woman, first person of color, and the youngest person to chair the Council’s powerful Committee on Finance, which oversees the adoption of the City’s $85 billion annual budget.
This past June Julissa announced that she would not seek another term in the Council-- she discussed with us her time in the City Council, especially as finance chair, and more. City Budget
September 26, 2017The Citizens Budget Commission has come out with the kind of analysis that state legislators should read before they vote on the next round of increases for state aid to education.
September 26, 2017Katz will need the mayor's support to bring financial stability to the health system, said Carol Kellermann, president of fiscal watchdog Citizens Budget Commission.
September 24, 2017"The increases are primarily in permanent programs staffed by new employees," said CBC President Carol Kellermann. "And when the economy turns down, it will be difficult to cut them."
September 22, 2017Attracting new patients and insurance enrollees is pivotal to the financial turnaround of New York City’s Health + Hospitals unit, according to the watchdog Citizens Budget Commission.