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Report
City Budget
Checklist for NYC Fiscal Year 2025 Budget Adoption
Strengthening the City’s Fiscal Health and Competitiveness
May 22, 2024
The City Council will wrap up its Fiscal Year 2025 Executive Budget hearings this week, kicking Administration and Council budget negotiations into high gear.
Report
City Budget
Real Numbers, Real Choices
Recommendations for a Clearer Fiscal View in the NYC Executive Budget
April 18, 2024
New York City’s long-run fiscal stability is precarious, and its short-term prospects are uncertain. Major causes of this uncertainty are revenue estimates that may be unreasonably conservative and spending estimates for current programs that are alarmingly understated.
Report
City Budget
Setting the Right Ceiling
Rethinking the City’s Debt Limits and Capital Process
April 03, 2024
New York City has requested that the State raise the City’s debt limit—the maximum amount of the long-term debt the City can have outstanding—by $18.5 billion.
Report
City Budget
Straight from New Yorkers
CBC Resident Survey Gives Comprehensive View of Satisfaction with Core City Services, Quality of Life
March 19, 2024
The CBC 2023 Resident Survey provides the most comprehensive, statistically valid, post-pandemic view into how New Yorkers feel about the City’s quality of life and how they rate City government services.
Report
City Budget
NYC's Already High Spending Keeps Climbing
February 22, 2024
Despite the pandemic, recession, and multiple rounds of PEGs, City-funded spending is slated to increase 22.6 percent between fiscal years 2019 and 2025.
Report
State Budget
Top of the Charts
New York and Its Localities Were #1 in Taxes and #2 in Spending
February 13, 2024
New York does not exist in a vacuum. It competes with other places, and other jurisdictions’ experiences provide an important perspective on the different choices that are being made.
Report
City Budget
Don’t Step Off the Cliff
Fiscal Cliffs and Budget Gaps in New York City’s Fiscal Year 2025 Preliminary Budget
February 08, 2024
To balance the fiscal year 2025 budget while also ensuring projected spending fully supports all planned programs, the City should implement an additional PEG in the Executive Budget and shrink or eliminate programs that the available resources cannot fully support.
Report
City Budget
Unpacking the PEG
Examining the Impact of the NYC November 2023 Financial Plan Savings
January 10, 2024
Agencies should continue to identify efficiency savings that do not affect critical program services.
Report
State Budget
New York's Endangered Future
Debt Beyond Our Means
September 21, 2005
New York State's debt obligations will require current and future taxpayers to bear a burden that creates a competitive disadvantage with the other states. The core issue is that New York has no effective legal limits on the amount of debt it can assume. CBC advocates for short-run and long-run measures; in the near term, voters should reject bond referendums such as the Transportation Bond Act of 2005 until debt is brought under control, and in the long-run the State must strike a balance between adequate infrastructure investment and a competitive debt burden.
Report
City Budget
The Myth of the "Uncontrollables"
Four Ways New York City Can Take Control of Its Financial Future and Save $2.5 Billion per Year
May 11, 2005
For years New York City mayors have bemoaned the fact that much of the budget is uncontrollable: pension fund contributions, health insurance, Medicaid, and debt service. This report suggests four ways to reduce the “uncontrollables” and save $2.5 billion annually.
Report
Pensions & Benefits
The Case for Redesigning Retirement Benefits for New York's Public Employees
April 29, 2005
This report presents recommendations for redesigning the retirement benefits – health insurance and pension payments – for employees of the City of New York and State of New York. It includes a description of current benefits and a comparison to benefits provided by other large private and public employers.
Report
Public Workforce
The Citizens' Stakes in Collective Bargaining
Recommendations for the Current Negotiations with the Municipal Employee Unions
December 12, 2000
Report presenting recommendations for contracts to be negotiated with municipal employees that would help reduce the cost of public services, improve the quality of those services, and enhance the income and working conditions of New York's civil servants.
Report
Capital Spending
An Affordable Debt Policy for New York State and New York City
October 17, 2000
Presents a new approach for determining how much the State and City should borrow, including criteria for deciding how much state and local debt is affordable.