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Report
Education
The Learning Ledger
NYS School Aid Continues to Rise in the 2023-24 School Year
September 06, 2023
New York State’s school aid increases 8.8 percent this year, largely driven by the final year of three-year phase-in of Foundation Aid.
Report
Economic Development
11 Billion Reasons to Rethink
New York's Increasing Economic Development Spending
July 20, 2023
Despite improved disclosure about individual projects, State and local economic development spending continues to increase without sufficient evidence that these programs cost-effectively create jobs or are more beneficial than alternative uses of the funds.
Statement
City Budget
Statement on New York City Fiscal Year 2024 Budget Agreement
June 29, 2023
The City’s leaders announced a fiscal year 2024 budget agreement that will please many stakeholders—for the next year.
Letter
City Budget
Letter to Mayor and Speaker on FY 2024 Budget Adoption
Recommendations to Budget Realistically and Stabilize Finances
June 26, 2023
CBC urges you to adopt a fiscal year 2024 budget that not only provides critical services to New Yorkers in the upcoming year but stabilizes the City’s precarious fiscal and service outlook.
Report
City Budget
PEGs In Perspective
NYC FY 2024 Executive Budget
May 23, 2023
The vast majority of these actions will have no impact on services, thus far providing savings primarily by saving money that would not have been spent anyway.
Statement
City Budget
Statement on the New York City Fiscal Year 2024 Executive Budget
April 26, 2023
The Executive Budget lays bare the stark and potentially dark fiscal reality facing New York City.
Report
City Budget
7 Facts About the NYC Department of Buildings
April 25, 2023
CBC’s review of the agency’s budget presents trends in spending, revenues, staffing, and outputs.
Report
Education
School Spending, Enrollment, and Fiscal Cliffs 101:
The NYC Department of Education Budget Before, During, and After the Pandemic
April 11, 2023
Decisions about the DOE’s budget should consider enrollment declines and the City’s precarious fiscal condition.
Statement
City Budget
Statement on NYC's FY 2024 Executive Budget PEG Directive
April 04, 2023
The City is right to initiate a PEG—a Program to Eliminate the Gap—for the Executive Budget. This action is timely, if not overdue.
Statement
Public Workforce
Statement on the New York City–District Council 37 Tentative Contract Agreement
February 17, 2023
The tentative contract announced today provides raises that are very reasonable given recent and anticipated inflation. The great challenge is how the City will pay for them.
Statement
City Budget
Statement on the New York City Fiscal Year 2024 Preliminary Budget
January 12, 2023
Much more aggressive action is needed to stabilize future budgets, hedge against a looming recession, and improve the quality and efficiency of services.
Statement
City Budget
Statement on NYC's November 2022 Financial Plan for Fiscal Years 2023 to 2026
November 15, 2022
The November 2022 Financial Plan demonstrates that New York City’s long-term fiscal outlook is precarious and worsening.
Report
Education
More Money, Little Accountability
New York Continues to Increase State School Aid
October 03, 2022
New York State’s schools spend nearly twice the national average per student, without delivering above-average results in achievement.
Statement
City Budget
Statement on the NYC Program to Eliminate the Gap (PEG) for the November 2022 Financial Plan
September 12, 2022
This is a timely call that rightly focuses on increasing productivity to reduce recurring costs while preserving services that New Yorkers rely on.
Report
Economic Development
Improving New York City’s Land Use Decision-Making Process
September 06, 2022
This report examines and identifies why New York’s land use decision-making process impedes action to address New York’s needs and recommends improvements.
Statement
Transportation
Statement on the Empire State Development General Project Plan and Letter of Mutual Agreement with the City for the Penn Station Area Civic and Land Use Improvement Project
July 26, 2022
Catalyzing development in the Penn Station district and renovating the station itself should help New York’s competitiveness and enable future growth.
Statement
Transportation
Statement on NYC Ferry Forward Plan
July 14, 2022
The Adams Administration plans to take some important, positive steps to improve the finances and transparency of NYC Ferry.
Letter
Education
Letter to Governor Hochul Urging Veto of New York City Class Size Bill
A.10498/S.9460
June 13, 2022
The Citizens Budget Commission urges you to veto A.10498/S.9460, which would set class size limits in New York City public schools.
Statement
City Budget
Statement on the New York City Fiscal Year 2023 Budget Agreement
June 10, 2022
While the budget funds priorities and takes some steps to save for a future recession and stabilize the budget, it misses the opportunity to make a substantially higher RDF deposit and massively increases spending to a level not sustainable over time with City revenues.
Letter
City Budget
CBC Urges State Legislative Leaders to Reject Proposal to Increase NYC's Borrowing Authority
Letter to the State Legislature
May 31, 2022
CBC urges you to reject the proposal to increase the New York City Transitional Finance Authority’s (TFA) borrowing capacity that is outside of the City’s constitutional debt limit.