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Press Release
CBC News
CBC Releases "Sustainably Supporting a Sound Basic Education, Part 2"
August 14, 2024
This report demonstrates the potential impact of reallocating $447 million of expense-based aid and the $3.3 billion School Tax Relief (STAR) program in proportion to Foundation Aid.
Testimony
Education
Public Hearing on New York State School Aid
Submitted to the Rockefeller Institute of Government, SUNY
August 14, 2024
Report
Education
Sustainably Supporting a Sound Basic Education
Part 2
August 14, 2024
Flaws in New York State’s school aid funding formulas stop the State from effectively distributing funds based on student need and local capacity.
Letter
Economic Development
CBC Urges Veto of ICAP Extension
S9822/A10530 Wrongly Extends NYC's Industrial and Commercial Abatement Program Without Evaluation
August 13, 2024
The bill wrongly extends ICAP for five years without first assessing whether and to what extent the program is necessary to promote economic growth.
Podcast episode
Housing
109,000, with Dan Garodnick
August 09, 2024
109,000 is the number of new homes New York City aims to create over the next 15 years through its City of Yes for Housing Opportunity zoning proposal.
Video
City Budget
Briefing on the NYS and NYC Fiscal Year 2025 Budgets
July 30, 2024
CBC's Ana Champeny and Patrick Orecki delivered a briefing on the fiscal year 2025 budgets of New York State and New York City, including basic fiscal overviews and the risks facing the State and the City.
Press Release
CBC News
CBC Releases "Myths and Facts: NYC Adopted Budget for Fiscal Year 2025"
July 30, 2024
Throughout the budget debate, public discussion was too often hampered by misunderstanding of some key budget realities.
Report
City Budget
Myths and Facts
NYC Adopted Budget for Fiscal Year 2025
July 30, 2024
Throughout the budget debate, public discussion was sometimes hampered by misunderstanding by various stakeholders. This chartbook fact checks and corrects five relatively common, inaccurate perceptions about the budget.
Podcast episode
City Budget
$116 billion, with Council Member Justin Brannan
July 26, 2024
$116 billion is the total NYC adopted budget for FY 2025, including the $4 billion of FY25 bills that were prepaid. This year’s budget talks between the Mayor and City Council took several twists and turns, ending with the narrowly on-time arrival of an adopted budget. New York City Council Member Justin Brannan, Chair of the Council’s Finance Committee, joined the podcast to discuss the budget, the Council’s role, and his prior career as a musician.
Press Release
CBC News
CBC Releases "Sustainably Supporting a Sound Basic Education: Proposals to Reform NYS School Aid"
July 16, 2024
Roughly 30 percent of State Operating Funds goes to schools; if New York’s education spending is not fiscally sustainable, it will damage its capacity to provide other services New Yorkers and New York needs.
Testimony
Education
Public Hearing on New York State School Aid
Submitted to the Rockefeller Institute of Government, SUNY
July 16, 2024
CBC strongly believes that the State should take a more active role promoting performance and spreading best practices, increasing transparency, and improving accountability, especially given the vast amount of resources provided and the criticality of education to New Yorkers’ and our state’s future.
Report
Education
Sustainably Supporting a Sound Basic Education
Proposals to Reform NYS School Aid
July 16, 2024
While attention is primarily focused on Foundation Aid, which comprises nearly two-thirds of State school aid, effective resource allocation reform should address all funding streams.
Testimony
Housing
Build More Housing, Everywhere
City of Yes Takes Right Approach to NYC’s Housing Crisis
July 10, 2024
The City of Yes for Housing Opportunity takes the right approach to New York City’s housing crisis: Build more housing, everywhere, of all types, for everyone.
Press Release
CBC News
CBC Submits "Testimony on Proposed Changes to the New York City Charter"
July 08, 2024
CBC continues to recommend that the Charter require a local law ensuring the City’s Rainy Day Fund (RDF) grows and is used for its intended purpose—to protect New Yorkers from dramatic cuts during a recession or short-term emergency.
Press Release
CBC News
CBC Releases "Refined Recommendations to NYC Charter Revision Commission for Improving Finances, Management, and Resident Feedback"
July 08, 2024
Improving both legislative Fiscal Impact Statements and the Executive’s financial plan estimates will enhance the integrity, legitimacy, and outcomes of budget-making, and help ensure the public appropriately views this Charter Revision Commission’s work through the lens of substance, not politics.
Report
City Budget
Refined Recommendations to NYC Charter Revision Commission
for Improving Finances and Resident Feedback
July 08, 2024
The sections below outline the proposed changes and how they would improve the City’s financial management and resident feedback. Draft Charter language is in the Appendix.
Testimony
City Budget
Testimony on Proposed Changes to the New York City Charter
Submitted to the New York City Charter Revision Commission
July 08, 2024
The time to start protecting New Yorkers is now, not after the next crisis.
Report
City Budget
NYC Adopted Budget
Pleasing, Not Prudent
July 01, 2024
Unfortunately, our City’s leaders again did little to ensure priority programs are sustainable by making government more efficient and shrinking lower impact activities.
Statement
City Budget
Statement on New York City Fiscal Year 2025 Budget Agreement
June 28, 2024
The budget dance being alive and well is not music to our ears. City leaders have ended the dance in step, unfortunately with too little regard for the City’s long-term fiscal stability.
Podcast episode
State Budget
$8.8 Trillion, with Adrienne Harris
June 27, 2024
$8.8 trillion is the total combined assets of the nearly 3,000 financial institutions that are regulated and supervised by the New York State Department of Financial Services (DFS). In addition to navigating serious banking crises in recent years, DFS faces challenges on the horizon: artificial intelligence, cyber security, and cryptocurrency, to name a few. Joining the podcast is DFS Superintendent Adrienne Harris, who shares with us the important work state leadership is doing to ensure a strong and secure financial services sector, while navigating this rapidly changing landscape.