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Press Release
CBC News
CBC Submits "Testimony on Proposed Changes to the New York City Charter"
July 08, 2024
CBC continues to recommend that the Charter require a local law ensuring the City’s Rainy Day Fund (RDF) grows and is used for its intended purpose—to protect New Yorkers from dramatic cuts during a recession or short-term emergency.
Press Release
CBC News
CBC Releases "Refined Recommendations to NYC Charter Revision Commission for Improving Finances, Management, and Resident Feedback"
July 08, 2024
Improving both legislative Fiscal Impact Statements and the Executive’s financial plan estimates will enhance the integrity, legitimacy, and outcomes of budget-making, and help ensure the public appropriately views this Charter Revision Commission’s work through the lens of substance, not politics.
Press Release
CBC News
CBC Releases "A Building Crisis"
The Quality-of-Life, Population, and Economic Effects of Housing Underproduction
June 27, 2024
The decades-long failure to build sufficient housing in New York City has degraded quality of life, driven away residents and jobs, and undermined the city's tax base and economy.
Video
State Budget
Conversation with Adrienne Harris
Superintendent of the NYS Dept. of Financial Services
June 21, 2024
Since taking over at DFS, Superintendent Harris has overhauled the agency and taken decisive actions on a series of defining issues including virtual currency, cybersecurity, and consumer protection.Superintendent Harris is a former CBC New Leader.
Letter
City Budget
Improving Fiscal Integrity and Stability in NYC's FY25 Budget
A Letter to the Mayor and City Council
June 17, 2024
The decisions you make adopting the fiscal year 2025 budget will not only affect the City’s activities in the upcoming year, but will set the stage for the City’s ongoing fiscal capacity and stability to provide needed services and weather future crises.
Press Release
CBC News
CBC Releases "Preliminary Recommendations to NYC Charter Revision Commission for Improving Finances, Management, and Resident Feedback"
June 13, 2024
CBC is providing its preliminary recommendations for Charter revision that focus on strengthening the integrity of the budget process and fiscal estimates by both the Mayor’s office and the City Council.
Special Feature
State Budget
Did You Know?
NYS Enacted Budget Edition
May 24, 2024
Release of Financial Plan Shows $2B More in Spending over State’s Initial Report.
Press Release
CBC News
CBC Releases "Checklist for NYC Fiscal Year 2025 Budget Adoption; Strengthening the City’s Fiscal Health and Competitiveness"
May 22, 2024
The choices Mayor Eric Adams, Speaker Adrienne Adams, and their teams make in these next five weeks will either help stabilize the fiscal path—strengthening the City’s ability to drive prosperity and protect New Yorkers—or make it shakier, increasing the chance of massive cuts to services in the future.
Letter
State Budget
Importance of Immediately Publishing Financial Plan Tables
A Letter to Governor Hochul
May 02, 2024
Weeks after announcing the budget agreement, New Yorkers still do not know most of the basics about how their money is being spent and the future implications of decisions made while enacting the budget.
Special Feature
City Budget
Did You Know?
NYC FY 2025 Executive Budget Edition: Spending Growth [1]
May 01, 2024
The NYC Fiscal Year 2025 Executive Budget proposes to increase City-funded spending 6.3 percent, or $5.2 billion, from fiscal year 2024 to fiscal year 2025.
Special Feature
City Budget
FAQ NYC: ‘Don’t Fudge It in the Budget’
The CITY's Podcast
April 22, 2024
Citizens Budget Commission President Andrew Rein joins hosts Katie Honan and Harry Siegel to break down what we know about the nearly quarter-trillion-dollar State budget that just dropped, weeks late, what to expect from the city's ongoing budget negotiations, and much more.
Press Release
CBC News
CBC Releases "Real Numbers, Real Choices"
April 18, 2024
Real Numbers, Real Choices details that the Mayor’s Executive Budget—due next week—should give a more accurate picture of the City’s fiscal standing to foster budget choices that stabilize the fiscal future. Making budget decisions based on unrealistic estimates increases the chances of a future fiscal reckoning.
Press Release
CBC News
CBC Releases "Setting the Right Ceiling: Rethinking the City’s Debt Limits and Capital Process"
April 03, 2024
CBC recommends the State reject the arbitrary, lump sum debt limit expansions the City and Executive Budget proposed, and adopt a more analytically grounded, sustainable approach.
Press Release
CBC News
CBC Releases "It's Only Fair: The Urgent Need for Stronger Policies to Stop Fare and Toll Evasion"
April 02, 2024
CBC's new analysis finds that fare evasion has continued to grow, likely exceeding $700 million in 2023—an amount equal to the funding that would be raised by two rounds of fare hikes.
Video
Housing
Conversation with NYCHA CEO Lisa Bova-Hiatt and NYCHA Chair Jamie Rubin
How NYCHA plans to invest $60B over 5 years
March 27, 2024
Lisa Bova-Hiatt is the Chief Executive Officer (CEO) of the New York City Housing Authority, and Jamie Rubin is the Chair of the New York City Housing Authority.
Letter
State Budget
Publish Basic Financial Tables with Budget Agreement
A Letter to Governor Hochul, Senate Majority Leader Stewart-Cousins and Assembly Speaker Heastie
March 27, 2024
When the budget agreement is reached this year, we urge you to publish basic, multi-year financial plan tables along with the budget bills.
Letter
State Budget
Watchdog Groups Thank Legislative Leaders for Rejecting Extraordinary Powers in Exec Budget; Urge Them to Hold Firm
A Letter to Senate Majority Leader Stewart-Cousins and Assembly Speaker Heastie
March 25, 2024
We write to urge you to hold firm on rejecting the extraordinary budget powers during negotiations and ensure that they are omitted from the enacted budget.
Press Release
CBC News
Straight from New Yorkers:
CBC Resident Survey Gives Comprehensive View of Satisfaction with Quality of Life, City Services
March 19, 2024
CBC’s first post-pandemic Resident Survey shows sharp drops in citywide satisfaction ratings from 2017; New Yorkers rate life in their neighborhoods generally higher than citywide quality of life; Adams Administration’s priorities align with those of New Yorkers
Press Release
CBC News
CBC Releases "Target and Tighten: The Sustainable Path for School Aid Growth in New York
March 13, 2024
CBC’s new analysis finds that State school aid has annually increased 6.7 percent over the past three years.
Press Release
CBC News
CBC Submits "Testimony on the New York City Housing Authority and the City’s Preliminary Fiscal Year 2025 Budget"
March 12, 2024
While the agency has made some progress over the past year, it faces several, persistent challenges: a large operating budget gap caused by rising expenses and weakened rent collections; deteriorating physical conditions; and a clear and pressing need to continue improving and modernizing management.