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Report
City Budget
To Weather a Storm
Create an NYC Rainy Day Fund
April 18, 2019
A well-funded and structured Rainy Day Fund (RDF) would help New York City weather future recessions.
Press Release
Transportation
CBC Releases "Swimming in Subsidies"
Report Details the High Cost of Subsidizing NYC Ferry
March 28, 2019
CBC today released “Swimming in Subsidies,” a comprehensive report detailing the high operating subsidy for the NYC Ferry service.
Blog
State Budget
Clear Picture
NYS Executive Budget Grows 3.4 Percent
January 29, 2019
State Operating Funds spending will grow by 3.4 percent in fiscal year 2020, the third straight year it has increased by more than 2 percent.
Statement
State Budget
CBC Statement on the NYS Fiscal Year 2022 Budget Agreement
April 06, 2021
Unfortunately, the State’s leaders did not appropriately leverage the opportunity provided by the infusion of funds to stabilize New York’s fiscal picture and maintain its economic competitiveness.
Statement
City Budget
Statement on NYC Preliminary Budget FY 2020
February 07, 2019
In this uncertain economic environment, Mayor Bill de Blasio is right to urge caution and has announced the first Program to Eliminate the Gap (PEG) of his administration to be implemented in the Executive Budget. But for now, the City of New York Preliminary Budget Fiscal Year 2020 shows modest restraint in spending growth.
Presentation
State Budget
Overview of the Fiscal Year 2022 Enacted Budget
September 01, 2021
This presentation provides an overview of the State’s fiscal condition over the past 18 months, and identify priority issues going forward.
Blog
Pensions & Benefits
A Reasonable Proposal: Sharing More of the Cost of Public Sector Pensions with Employees
February 15, 2012
Increasing the employee contribution rate for public pensions in New York State is not unreasonable. Comparisons with nationwide norms show proposal would move New York toward the middle of the pack among states.
Blog
Economic Development
Economic Development Reporting in New York City: What’s Missing?
April 11, 2012
In New York City, current reporting requirements fall short of capturing the full amount of spending in the name of economic development.
Op Ed
Housing
Build out the NYCHA infill
Use spare land to aid public housing
April 26, 2019
Use spare land to aid public housing
Report
Economic Development
Opportunity Zones In New York State and City
August 20, 2019
The Opportunity Zone program may amount to significant losses for both NYS and NYC before rising substantially in 2029.
Video
Capital Spending
Modernization of New York's Built Environment: If Not Now, When?
How NY's Procurement Laws Hinder Effective Project Delivery
November 12, 2014
Video of a panel discussion examining the hindrances of NY's procurement rules and detailing how alternative" service delivery methodologies contributed to the success of both public and private projects in NY.
Report
City Budget
9 Things New Yorkers Should Know About How New York City Buys Stuff
February 21, 2019
CBC's new report outlines nine critical things New Yorkers should know about procurement and makes four recommendations that could generate savings for the City.
Report
Economic Development
Recommendations for the Next Round of Economic Development Council Awards
October 10, 2012
This brief analyzes the first round of awards for New York State's Regional Economic Development Councils and provides recommendations to standardize and improve evaluation of programs, as well as move toward a unified economic development budget.
Blog
Pensions & Benefits
The Next Challenge: Retiree Health Benefits
April 16, 2012
Pension reform, done. Next up, retiree health insurance and OPEB.
Blog
Education
School Aid in the 2014-15 Executive Budget: An Overview
January 27, 2014
Reviews Governor Andrew Cuomo’s fiscal year 2014-15 Executive Budget school aid proposal.
Blog
Taxes
Personal Income Tax Revenues in New York State and City
August 13, 2019
PIT revenues are a significant - and volatile - part of State and City budgets.
Blog
City Budget
NYC Revenues in a Recession
Quantifying the Potential Shortfall
February 26, 2019
The potential shortfall from a recession comparable to the last two recessions could be substantial: between $15 billion and $20 billion below projections over three years.
Report
Housing
Reconsidering Rent Regulation Reforms
January 30, 2019
New York is a city of renters, and rent regulated units account for nearly half of the city’s rental housing stock.
Report
Energy & Environment
Balancing Incentives to Maximize Emission Reduction
Recommendations on Local Law 97 Implementation
August 26, 2021
To meet LL97’s emissions reductions goals most cost-effectively, DOB, in consultation with the advisory board, should tailor the policy and compliance rules to provide building owners the most cost-effective compliance paths.
Report
City Budget
$1.1 Billion in NYC Public Leases
Better Management Needed to Control Rising Costs
August 27, 2019
NYC spent more than $1.1 billion to lease space for public facilities and offices—an amount that has grown 40 percent since fiscal year 2014.