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Podcast episode
City Budget
$7.4 billion, with Melanie Hartzog
May 16, 2020
$7.4 billion -- the two-year tax revenue shortfall for the City of New York revealed when Mayor Bill de Blasio released the Executive Budget for Fiscal Year 2021 last month. In this episode we hear from the person who will help guide NYC through one of its greatest fiscal challenges, NYC Budget Director Melanie Hartzog.
Blog
City Budget
The City’s Fiscal Year 2021 Executive Budget
Slower But Still Growing
April 17, 2020
A clear understanding of the trajectory of the budget requires adjustments for the timing of spending, the use of reserves, and assumed federal aid.
Statement
City Budget
Statement on the NYC Fiscal Year 2021 Executive Budget
April 16, 2020
While the City is to be commended for balancing the budget without tax increases or borrowing, it has used a short-term strategy that leaves a significant gap in FY 2022.
Blog
City Budget
Clear as Day
New York City Needs a Rainy Day Fund
April 15, 2020
While the City will have to address the current crisis with the tools and resources at hand, now is the perfect time for State and City leaders to do what it takes to get it right for next time.
Statement
City Budget
CBC Calls for Greater Savings to Address Looming NYC Budget Gap
March 24, 2020
Responding to the pandemic and the economic crisis it has triggered will have a significant impact on NYC’s finances in both the near and long term.
Special Feature
City Budget
Spare Change
Citywide Savings Plan Should Include Greater Efficiency Savings
March 09, 2020
Budget savings from greater efficiency in City government amount to spare change.
Op Ed
State Budget
Let’s have some fiscal emergency preparedness, New York
New York Daily News
March 02, 2020
As we have watched the stock market drop and serious concerns about the coronavirus mount, we budget watchdogs predictably have started to worry.
Podcast episode
City Budget
2020, with Alyssa Katz and Laura Nahmias
February 14, 2020
2020. Welcome to the new decade! It’s Andrew Cuomo’s 10th year as Governor, Bill de Blasio’s 7th year as Mayor, and it promises to be a busy year in New York politics. Alyssa Katz of The City and Laura Nahmias of the Daily News Editorial Board discuss policy priorities as the State and City legislative sessions begin.
Letter
Energy & Environment
The Climate Leadership and Community Protection Act (CLCPA)
A Letter to the Governor
February 07, 2020
CLCPA requires that New York State have a net-zero carbon economy by 2050, including 70% renewable energy by 2030 and decarbonization of the electric sector by 2040.
Blog
City Budget
Peeking Behind the Curtain
Understanding How Policies, Priorities, Prices, and Mandates Increase NYC Spending
January 28, 2020
Spending is up by almost $20 billion. Here's where it went.
Podcast episode
City Budget
Episode 87: 7 days, with Andrew Rein
January 22, 2020
7 days since the start of budget season, which commenced this year with the New York City Preliminary Budget released on January 16th. The State Budget, released just yesterday, may have a significant impact on the City’s finances this year: with the State facing a large budget gap, the Executive Budget proposes reorganizing school aid formulas and restructuring the local obligation with respect to Medicaid funding. CBC President Andrew Rein joins the pod.
Statement
City Budget
Statement on the NYC Fiscal Year 2021 Preliminary Budget
January 16, 2020
The budget presented today holds the line on new spending programs. However, it misses the opportunity to further improve the City’s preparedness for looming risk.
Report
Housing
Rent and Ride
Affordability is About Both
January 13, 2020
While housing is the largest share of spending for most households, a more robust picture of affordability also should include transportation costs.
Report
Economic Development
It's Time to End New York State's Empire Zone Program
December 02, 2008
The Economic Development Zone program has become a vehicle for giving tax breaks to a variety of corporations with no clear, consistent, verifiable justification for the public investment. This report describes the benefits enjoyed by participating firms and how those benefits are distributed among economic regions of the State and types of firms; identifies and elaborates on the three serious problems that compromise the program’s efficacy; and asserts that the Empire Zone program cannot be fixed, citing past failures to do so, and should end.
Letter
City Budget
Letter to the FCB on GASB 49 Requirements
Submitted to the Financial Control Board
April 29, 2008
Any deferral from meeting GASB 49 standards on pollution remediation should be limited to one year.