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Letter
City Budget
Rainy Day Fund Ballot Proposal to Amend the City Charter
A Letter to the Charter Revision Commission 2019
July 05, 2019
Creating a Rainy Day Fun fund would protect New Yorkers from potentially harmful service cuts and tax increases.
Blog
City Budget
When the Smoke Clears
Despite Continued Economic Strength, NYC Spent More Than It Received in 2019
June 30, 2019
The City’s spending obligations in fiscal year 2019 were $255 million greater than the revenues collected. How is this possible when State law and the City Charter require balanced budgets?
Testimony
City Budget
Testimony on Intro 1574 to Establish Commercial Waste Zones in New York City
June 27, 2019
Establishing commercial waste zones can increase efficiency in collection, achieve substantial VMT reduction, and reduce the negative externalities.
Statement
City Budget
Statement on the NYC Fiscal Year 2020 Adopted Budget
June 14, 2019
The FY 2020 Adopted Budget agreement increases savings and reserves; unfortunately, new spending commitments are greater than deposits to the City’s reserves.
Op Ed
City Budget
The Rainy Day Fund New York Needs
The Gotham Gazette
June 10, 2019
Most New Yorkers are unaware they will have the opportunity this fall to vote to dramatically change their city government.
Op Ed
City Budget
What de Blasio, City Council should do with $800 million
Crain’s New York Business
May 22, 2019
While de Blasio and Council Speaker Corey Johnson have both stressed the importance of preparing for an eventual economic downturn, the mayor's proposal falls short of what's needed.
Testimony
City Budget
Testimony Before the 2019 Charter Revision Commission
May 09, 2019
CBC recommends this Commission exercise caution when proposing changes to the City’s fiscal management structures and processes.
Statement
City Budget
Statement on the NYC FY 2020 Executive Budget
April 25, 2019
Mayor de Blasio’s stay-the-course budget does not take the steps needed to preserve services or forestall tax increases in the eventual hard times.
Testimony
City Budget
Testimony on Intro. No. 1512
on the Establishment of a Director of Ferry Operations
April 17, 2019
NYC Ferry connects many of NYC’s waterfront neighborhoods and business districts at a high price.
Testimony
Energy & Environment
Testimony on the Proposed Paper Carryout Bag Fee
Submitted to the NYC Council Committee on Sanitation and Solid Waste Management
April 16, 2019
CBC supports proposed legislation to impose a 5-cent fee on most paper carryout bags.
Letter
City Budget
Testimony Follow up: Letter to the Charter Revision Commission
Borough President Capital Budget Role
March 26, 2019
CBC's proposal to focus the Borough President capital budget role on identifying needs and providing recommendations.
Blog
Taxes
Pied-à-Terre Tax
Appealing but Problematic
March 13, 2019
The pied-à-terre tax is appealing politically because it is levied on wealthy people with means to pay and nonresidents who do not vote. Nevertheless, it is problematic for several reasons.
Testimony
City Budget
Testimony on Charter-Defined Budget and Management Practices
Testimony Before the 2019 Charter Revision Commission
March 11, 2019
While many worthwhile ideas will be proposed, CBC believes the Commission should focus on and proposing only those changes essential to the Charter’s purpose
Blog
City Budget
PEGging It Right
Guidelines for the PEG Process
March 05, 2019
For the first time since taking office, Mayor Bill de Blasio has announced plans to implement a Program to Eliminate the Gap (PEG), which requires agencies to generate savings through expense reductions or revenue enhancements. The de Blasio administration previously eschewed PEGs in favor of Citywide Savings Plans (CSPs); in contrast to the PEG, agency participation in the CSP was voluntary. Pursuing a PEG presents both a challenge and an opportunity. This blog proposes three guidelines for the process: 1) identify significantly more than $750 million in savings, 2) encourage recurring savings through efficiency, and 3) follow agencies’ leads.
Blog
City Budget
NYC Revenues in a Recession
Quantifying the Potential Shortfall
February 26, 2019
The potential shortfall from a recession comparable to the last two recessions could be substantial: between $15 billion and $20 billion below projections over three years.
Testimony
Capital Spending
Testimony on Intro. No. 113
For an Online Database of Pending Construction Projects
February 12, 2019
Intro. No. 113 would require the City of New York to produce an online database of all pending construction projects that includes initial and current completion dates and costs.
Statement
City Budget
Statement on NYC Preliminary Budget FY 2020
February 07, 2019
In this uncertain economic environment, Mayor Bill de Blasio is right to urge caution and has announced the first Program to Eliminate the Gap (PEG) of his administration to be implemented in the Executive Budget. But for now, the City of New York Preliminary Budget Fiscal Year 2020 shows modest restraint in spending growth.
Blog
City Budget
Sound Strategy, Sound Future
Recommended Approach for the City’s Preliminary FY 2020 Budget
February 01, 2019
A thriving economy has allowed the City to increase spending by $20 billion since fiscal year 2014. The City should undertake a necessary course correction with this four-part strategy:
Testimony
Education
Testimony on the New Department of Education Five-Year Capital Plan
Submitted to a Joint Hearing of the City Council Committees on Education and Finance and Subcommittee on the Capital Budget
December 18, 2018
City officials cannot continue to expect the City can build its way to a solution; making real progress will require implementing operational strategies that alter the use of space and redirect students to facilities with capacity.
Blog
City Budget
Charter Revision 2019
Clearing Out the Clutter
December 14, 2018
The 2019 Commission will avoid the shortcomings of recent commissions if it stays true to its stated criteria and pursues Charter revisions that simplify and update the document.