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Testimony
Transportation
CBC Urges MTA to Publish TYNA Addendum Detailing Costs, Benefits of State of Good Repair Projects
Submitted to the Metropolitan Transportation Authority
May 22, 2024
CBC again urges the MTA to publish an addendum—prior to the release of the capital program—that includes detailed estimates of the costs, benefits, and timelines, for all assets and investment needs in the categories of “Rebuild” and “Improve” the system, including those that bring assets to and keep the system in a state of good repair.
Statement
State Budget
NYS Late Budget Fails to Reduce Structural Gap
$237B of Spending Approved without Providing Financial Plan Tables
April 20, 2024
Three weeks late, State lawmakers finally approved the budget and again have failed to publish basic financial plan tables that show New Yorkers essential details about how their money is being spent this year and the budget’s future impacts.
Statement
State Budget
Conceptual Budget Agreement Appears to Take State Further in Wrong Direction, Increasing Structural Gap above $16B
Lawmakers Should Show Basic Financial Plans
April 15, 2024
The two-week late “conceptual” budget agreement leaves New York State with a significant future structural budget gap likely exceeding $16 billion.
Statement
State Budget
Statement on Late NY State Budget for FY 2025, Need for Another Extender
April 11, 2024
Late budgets should still be good budgets. This final stretch should be short and produce a budget that is good for New Yorkers now and in the long run.
Statement
Pensions & Benefits
Statement on Proposed Tier 6 Benefit Sweetener as Part of State’s Fiscal Year 2025 Budget
March 27, 2024
The proposed change to Tier 6 pension benefits, which will cost the State and local governments in New York nearly $400 million per year, is unnecessary, expensive, and should be rejected.
Statement
State Budget
Statement on Medicaid/Managed Care Tax Proposal in NYS Budget Talks
March 26, 2024
The proposal to levy a new tax on Medicaid and other managed care plans to leverage $4 billion of federal money relies on speculative, temporary revenue to seed permanent spending increases.
Statement
State Budget
Statement on State One-House Budget Proposals
March 12, 2024
The Legislature's one-house proposals shift the budget discussion in the wrong direction. Both houses propose tax increases that would weaken New York’s already precarious competitive position.
Testimony
Housing
Testimony on the New York City Housing Authority and the City’s Preliminary Fiscal Year 2025 Budget
New York City Council Committee on Public Housing
March 12, 2024
Many critical steps should be taken quickly to stabilize NYCHA’s budget and improve physical conditions.
Testimony
Transportation
Public Comment on the Proposed Structure For the Central Business District Tolling Program
Submitted to the Metropolitan Transportation Authority
February 29, 2024
While the Citizens Budget Commission (CBC) has long held the position that there should not be credits for bridge or tunnel crossings, we believe the Traffic Mobility Review Board’s (TMRB) congestion pricing toll recommendations, as a whole, are reasonable.
Statement
State Budget
Statement on the New York State Executive Budget for Fiscal Year 2025
January 16, 2024
While the budget takes some important initial steps to reduce spending growth, significant additional restraint will still be needed to close the State’s structural budget imbalance.
Statement
State Budget
Statement on Governor Hochul's 2024 State of the State Address
January 09, 2024
Governor Hochul rightly highlighted the importance of ensuring New York is attractive and affordable to businesses and residents and the need to protect New Yorkers from more tax increases.
Testimony
City Budget
Testimony on the Recommendations of the NYC Advisory Commission on Property Tax Reform
Submitted to the New York City Council Committee on Finance
November 15, 2022
While momentum for property tax reform was slowed by the pandemic, the need for it has not diminished.
Testimony
Energy & Environment
Testimony on Renewable Energy and New York City’s Climate Adaptation
Submitted to the New York City Council Committee on Environmental Protection
October 13, 2022
CBC’s work has focused on implementing both the CLCPA and LL97 using the most cost-effective strategies and balancing economic incentives to further these ambitious GHG reduction goals.
Testimony
Transportation
Testimony on NYC Ferry
Delivered to the New York City Council Committees on Transportation and Infrastructure and Economic Development
September 22, 2022
Reducing the ferry subsidy is vitally important to EDC’s capacity to meet its core economic development mission.
Testimony
Transportation
Testimony on the Congestion Pricing Environmental Assessment
August 31, 2022
CBC supports speedy implementation, paired with ongoing monitoring and continual improvement, to reduce congestion and emissions and improve transit for the future of all New Yorkers.
Statement
State Budget
Statement on New York State's First Quarterly Update to the Fiscal Year 2023 Financial Plan
August 02, 2022
CBC President Andrew S. Rein released this statement on behalf of the CBC.
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.
Testimony
Housing
Testimony on the Adams Administration’s Housing our Neighbors Plan
Submitted to the City Council Committee on Housing and Buildings
July 01, 2022
Affordable housing production is also only one piece of the housing policy toolkit. While increasing the supply of affordable units is critical, the City, State and federal governments address the demand side, as well, by subsidizing household incomes, primarily though rental housing vouchers and other household subsidies and through workforce development programs.
Press Release
Economic Development
Pennsylvania Station Area Civic and Land Use Improvement Project
June 24, 2022
Read more on the outstanding issues that must be addressed for the project to have the maximum and most cost-effective impact for all New Yorkers.