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Podcast episode
City Budget
$3.2 billion, with James Patchett
January 12, 2018
$3.2 billion -- how much New York City spent on economic development in 2016, including tax expenditures, operating costs, and capital spending.NYCEDC President and CEO James Patchett joins the podcast to discuss the City's development strategy, tax breaks, NYC Ferry and the BQX project.
Podcast episode
City Budget
374, with Laura Nahmias
January 08, 2018
374 is the number of pages in Governor Cuomo's State of the State policy book. Laura Nahmias of Politico NY joins the podcast to discuss what the new year has in store for State and City politics.
Blog
City Budget
Take the NYC Fiscal Monitor Reports with a Grain of Salt
January 05, 2018
NYC's four institutional fiscal are generally optimistic about the City's fiscal health; read why that should be taken with a grain of salt.
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.
Statement
Taxes
CBC Convenes Special Committee to Focus on Federal Tax Cuts
December 21, 2017
The Special Committee consists of CBC trustees, civic leaders, and policy experts, and will identify the greatest impacts and options for appropriate state and local government action.
Podcast episode
City Budget
2.7%, with Alex Heil
December 20, 2017
2.7% is the economic growth forecast for 2018 in the Port Authority’s 17-county region, which encompasses more than 200 municipalities. The Port Authority's Chief Economist Alex Heil joined WT[D]P to discuss the economic and transportation trends that impact the Port's bottom line.
Report
Housing
NYCHA Capital
What You Need to Know
December 20, 2017
Part 1 of our analysis reviews NYCHA's capital needs and spending patterns over the last 5 years.
Video
State Budget
Predicting the 2018 fiscal forecast
Spectrum News
December 19, 2017
The state faces significant fiscal challenges in the coming year amid changes on the federal level. In 2018 the state is estimated to have a budget deficit of as much as $4.6 billion.
Blog
State Budget
Pre-Budget Ruminations
What to Look for in the NYS Fiscal Year 2019 Executive Budget
December 17, 2017
With a reported gap between $4.4 billion and $6.3 billion, and billions in federal changes yet to be recognized, here's what CBC will ask when Governor Cuomo rolls out the 2019 Executive Budget.
Podcast episode
City Budget
1996, with Chris Jones
December 14, 2017
1996 is the last time a comprehensive regional plan was issued by the Regional Plan Association. Special guest Chris Jones, Senior Vice President and Chief Planner at RPA, joined the podcast to discuss the 4th Regional Plan, which was released last month. The plan contains 61 separate recommendations in four action areas that represent major challenges and areas of opportunity.
Op Ed
State Budget
Repeal the Film Tax Credit, But Don't Expect Savings Just Yet
Even if this wasteful program is killed in 2018, its expenditures will continue for years
December 13, 2017
The Citizens Budget Commission is a long-time critic of the New York State Film Tax Credit program and supports its repeal. However, due to some unusual provisions of state tax law, repeal of the credit will not yield immediate state savings.
Report
Pensions & Benefits
2017 Benefit Sweetener Scorecard
December 07, 2017
The State Legislature passed 26 bills. Click to learn more.
Podcast episode
City Budget
10 years, with Michael Jacobson
December 06, 2017
10 years is the amount of time the de Blasio administration says it will take to shut down Rikers Island.Special guest Michael Jacobson is the executive director of the CUNY Institute for State and Local Governance. He was once the City's Correction Commissioner as well as the Probation Commissioner. He is a member of the Lippman Commission, convened by the City Council to solve the crisis at Rikers. Michael joined the podcast to discuss the Commission's findings--namely to close Rikers and move the inmates to facilities near courthouses and civic centers throughout the boroughs.
Podcast episode
City Budget
$26 billion, with Martha Stark
November 30, 2017
$26 billion is the amount of property taxes the City will collect this fiscal year-- it is the largest single source of revenue that funds NYC government. Special guest Martha Stark is a former Commissioner of the Department of Finance. She joined the podcast to discuss the complexities of the system for valuing and taxing real property and explained why reform is badly needed.
Statement
City Budget
Statement on the NYC November 2017 Financial Plan Modification
November 21, 2017
We await January's plan to indicate how the Administration intends to address potential storm clouds on the horizon and to fund new initiatives the Mayor has discussed.
Podcast episode
City Budget
44 days, with NYC Council Member Daniel Garodnick
November 16, 2017
44 is the number of days left in term-limited Council Member Daniel Garodnick's tenure. Council Member Garodnick has been a voice of reason in the City Council, having raised important questions about the city budget, economic development, and contracts. He chairs the City Council's Committee on Economic Development, is on the budget negotiating team, and in his final months has been fighting to pass reform of the commercial rent tax.
Video
State Budget
Cuomo's Hollywood Fundraising Raises Eyebrows Regarding NY's Film Tax Credit
Spectrum News
November 16, 2017
Governor Andrew Cuomo is back in New York after a rare, overnight trip to California, fundraising with Hollywood executives whose industry has benefited from New York's $420 million film tax credit program.
Podcast episode
City Budget
$67 Billion, with Jay Kriegel
November 09, 2017
$67 billion is the amount of state and local taxes New York State residents deduct from their federal tax returns each year. Known as SALT, this deduction is the topic of intense debate in Washington. Congressional leadership proposes to eliminate or cap SALT in order to offset the cost of corporate and other tax cuts.Special guest Jay Kriegel, Senior Advisor at Related Companies, is a New York communications and strategic advisor who has been involved in a number of major New York political and policy initiatives. In 1986, Jay led a national coalition that thwarted an attempt to eliminate the SALT deduction, and today he has taken a leadership role in the coalition to protect it.
Podcast episode
City Budget
348 and 74, with Riley Edwards
November 02, 2017
The data points are 348 and 74.348 is the number of Local Development Corporations and Industrial Development Agencies in NYS. These corporations made $16.2 billion in economic development investments from 2011 through 2015, yet only 5 of the state's 62 counties have had job growth higher than the national average. For this half of the podcast WTDP is joined by CBC Research Associate, Riley Edwards, author of the recent report: "Opaque and Duplicative - Local Economic Development in New York State."
74 is the number of Business Improvement Districts in NYC. CBC's report "BIDS - Organization, Oversight, and Transparency" describes the history and nature of these organizations, what services they provide, and whether property owners are getting their money's worth. WTDP is joined by CBC's Director of Research, Tim Sullivan, to explain.
Press Release
Economic Development
CBC Report On BIDs Calls For Increased Oversight And Transparency
November 02, 2017
CBC examined the process for setting assessment fees, their uses, and the city’s oversight of BIDs, and recommends increased public review and performance evaluation.