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Podcast episode
City Budget
3.1 miles, with Patrick Orecki
September 21, 2018
3.1 miles is the length of the newly constructed Governor Mario M. Cuomo Bridge. At a cost of $4 billion dollars, the bridge was financed with debt, but no new tolls have been announced to repay it. CBC's Patrick Orecki explains why the toll may need to double from current rates.
Testimony
Energy & Environment
Update on the City’s Organics Collection Program
Testimony Submitted to the NYC Council Committee on Sanitation and Solid Waste Management
September 20, 2018
Because of low participation and inadequate organic waste processing capacity, the organics collection program is not ready for citywide expansion.
Report
City Budget
Short-term Goals for Long-term Debt
Time to Prioritize Reducing New York City’s Liabilities
September 18, 2018
Paying down the City's debts should be a greater priority.
Video
Taxes
The New York City Property Tax
Problems, Inequities, and Potential Reforms
September 13, 2018
NYC Advisory Commission on Property Tax Reform is charged with recommending reforms to make the NYC property tax fairer, simpler, and more transparent. CBC, the Regional Plan Association, and NYU Wagner convened a panel to discuss the current property tax system and the reforms that should be pursued.
Blog
Taxes
New York City Homeowners
Who's Got the Unfairest Tax Burden of Them All?
September 12, 2018
One of the basic principles of good tax policy is equity: similarly situated taxpayers should have similarly sized tax bills. New York City’s property tax system does not comport with this principle.
Podcast episode
City Budget
$1 billion, with Linda Gibbs
September 07, 2018
Since Bloomberg Associates was launched in 2014, participating cities have invested more than $1 billion in initiatives supported or created by the philanthropic consultancy. Former NYC Deputy Mayor and Bloomberg Associates Principal Linda Gibbs joins the podcast to talk about her work using data to effect change in NYC and other cities.
Blog
State Budget
Hold Your Bets
Four Guidelines for Legalized Sports Betting in New York State
September 05, 2018
State leaders should consider these four guidelines as they decide whether and how to expand sports betting in New York.
Testimony
Economic Development
NYS ABO's Oversight and Regulation of IDAs
Testimony before the New York State Authorities Budget Office
September 04, 2018
The purpose of today’s public hearing is to discuss regulations recently proposed by the Authorities Budget Office to impose additional disclosure requirements on local industrial development agencies (IDAs).
Video
Economic Development
Increasing Transparency and Economic Development Funding
Capital Tonight
September 04, 2018
There's an ongoing debate over the state's use of taxpayer money for economic development efforts, but a lot of investment happens at the local level, through Industrial Development Agencies.
Podcast episode
City Budget
5,000 with the Director of the Mayor’s Office of Criminal Justice, Liz Glazer
August 30, 2018
Mayor Bill de Blasio has a plan to close the jails on Rikers Island, in part by reducing the overall city jail population to 5,000 detainees, down from about 8,200 now, which is down from well over 20,000 two decades ago. Liz Glazer, director of the Mayor’s Office of Criminal Justice, joined the podcast to discuss the closure of Rikers and the administration’s other criminal justice policies.
Blog
Housing
NYCHA’s Physical Conditions Remain the Worst in the City
Insights from the 2017 Housing and Vacancy Survey
August 29, 2018
Every three years, the U.S. Census Bureau conducts a New York City Housing and Vacancy Survey (HVS), which provides the most comprehensive information available on the size, nature, and condition of New York City’s housing stock.
Podcast episode
City Budget
1, with NYS Attorney General Barbara Underwood
August 24, 2018
1 - As in the first ever female Attorney General in New York State. Barbara Underwood was serving as Solicitor General when she was made the Acting Attorney General in May 2018 and was appointed by the Legislature to the position later that month. This podcast features her remarks at a CBC breakfast discussing the agenda of the Office of the Attorney General under her leadership.
Podcast episode
City Budget
$89.16 billion, NYC's fiscal outlook
August 16, 2018
$89.16 billion is the size of the Adopted Budget for FY 2019. After adjusting for prepayments in prior years and other reserves and spending, the total value of spending is $92 billion. This episode features a panel of fiscal experts hosted by the Association for a Better New York. Listen as they discuss the risks in this budget, the level of reserves needed, and NYC's fiscal outlook at large.
Letter
Economic Development
Veto Ten Bills That Expand Economic Development Programs
A Letter to the Governor
August 14, 2018
The Governor should veto ten bills that would expand the State’s economic development programs. Three of the bills would expand or enrich existing programs, six bills would create a new targeted program, and one bill would create a new broad program.
Blog
Transportation
Three Takeaways from the MTA's Financial Plan
July 2018 Update
August 13, 2018
The Metropolitan Transportation Authority (MTA) released its 2019 Preliminary Budget and four-year financial plan last month. Here are three important takeaways.
Podcast episode
City Budget
$17 billion, with Jamison Dague
August 07, 2018
$17 billion is the preliminary budget for the Metropolitan Transportation Authority in 2019, an increase of 2.1% from 2018. CBC's Director of Infrastructure Studies Jamison Dague breaks down the preliminary budget and discusses looming risks, such as subway car reliability and progress of the various "action plans" put in place this year.
Podcast episode
City Budget
7.42%, with NYC Labor Commissioner Bob Linn
July 27, 2018
7.42% is the compounded salary and wage increases for members of DC37, the City’s largest municipal union for civilian workers, under a new contract that sets the pattern for negotiations with other labor unions. NYC Labor Commissioner Bob Linn joins the podcast to discuss this deal, the dynamics of negotiating with the public workforce, and why health insurance is an area long overdue for savings.
Letter
Taxes
New York State Should Create an Unincorporated Business Tax
A Letter to the NYS Department of Taxation and Finance
July 26, 2018
A UBT is needed to blunt the impact of federal tax reform; here are CBC's recommendations for designing it.
Podcast episode
City Budget
$31.8 billion, with Sean Campion
July 19, 2018
$31.8 billion is the amount required to repair NYCHA's public housing units over the next five years. CBC Senior Research Associate Sean Campion discuss the findings and recommendations of CBC's recent report on NYCHA's capital needs and explains how NYCHA got into such a deep hole and and how it can start to dig out.
Report
Transportation
Getting Back on Track
Replacing and Repairing Subway Cars Will Be Expensive and Take More Than a Decade
July 18, 2018
Decisions to redirect capital dollars to other priorities and stretch inspection and maintenance cycles contributed to the decline in subway reliability, and challenges lay ahead for plans to purchase 3,600 new subway cars and retrofit 1,200 existing cars.