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Op Ed
City Budget
How New York City Can Afford Fair Fares
Slowing the growth of the city’s workforce would provide the needed savings
April 16, 2018
The Fair Fares proposal can be accommodated within the city budget by exercising greater restraint in hiring and more aggressively tackling inefficiencies in its operations.
Blog
Health Care
DSH Cuts Delayed
Opportunity for State Reform
April 11, 2018
NYS shouldn't miss an important opportunity to revise its distribution of funds to target hospitals with the greatest needs.
Op Ed
Economic Development
The State Budget Keeps Wasting Economic Development Cash
City & State
April 06, 2018
As the New York state budget was being adopted by the Legislature this weekend, some legislators objected to a $3 million appropriation for an upstate luxury golf tournament deemed to be an economic development initiative.
Podcast episode
City Budget
$168.3 billion, with Dave Friedfel
April 04, 2018
$168.3 billion is the size of New York State's Fiscal Year 2019 Budget. CBC's David Friedfel joined WT[D]P to discuss spending in this year's budget, as well as how the MTA, NYCHA, and New York City fared in the process.
Podcast episode
City Budget
17%, with Comptroller Tom DiNapoli
March 25, 2018
17% is the increase in the average bonus paid by Wall Street in 2017, bringing the average bonus to more than $161,000. NYS Comptroller Tom DiNapoli discusses Wall Street, the State and City budgets, State pension funds and more in remarks to CBC and a Q & A with Ben and Maria.
Op Ed
Transportation
Latest value capture proposal could harm NYC
City taxes should not be diverted to the MTA without local input
March 22, 2018
While value capture makes sense in theory, any such arrangement should be tailored to specific projects and circumstances - with the agreement of the City.
Testimony
Capital Spending
Testimony on the City of New York’s Capital Commitment Plan
Submitted to the NYC Council Committee on Finance and Subcommittee on Capital Budget
March 20, 2018
NYC's Capital Commitment Plan is unrealistic in its ambition, obscures capital priorities, and discourages accountability for completing capital projects efficiently.
Op Ed
Education
New York keeps shortchanging poor students
And Cuomo’s Foundation Aid formula will do little to fix it
March 19, 2018
Fixing the existing Foundation Aid formula would allow the state to fully fund a sound basic education with current resources.
Podcast episode
City Budget
$9.5 Billion, with Andrew Rein
March 18, 2018
$9.5 billion is CBC’s estimate of the extra taxes New Yorkers will pay due to the cap on the state and local tax deduction, known as the SALT cap, enacted in the Tax Cuts and Jobs Act of 2017. Andrew Rein, director of CBC's Special Committee on Federal Tax Changes, discusses the impacts on NY and what the State and City should do in response.
Blog
Capital Spending
Rightsizing and Right Timing New York City’s Capital Plan
March 14, 2018
Despite a pledge to collaborate with the City Council on a realistic Capital Commitment Plan, the City's overly ambitious proposal is neither realistic nor transparent.
Blog
Health Care
Three Strikes Against the Governor’s Proposed Conversion Revenue
March 13, 2018
Counting on the revenue from health insurance company conversations is not prudent for three important reasons.
Blog
State Budget
California Dreaming
NY Should Build Reserves to Prepare for a Rainy Day
March 12, 2018
California is a leader in funding reserves for a rainy day--New York State should follow its example.
Podcast episode
City Budget
$32.2 billion, with Port Authority Executive Director Rick Cotton
March 08, 2018
$32.2 billion is the size of the 2017-2026 Capital Plan of the Port Authority of NY and NJ. This podcast features Port Authority Executive Director Rick Cotton, followed by a discussion on public-private partnerships, airport renovations, the fate of Gateway, and the 42nd Street bus terminal.
Blog
City Budget
City's Fourth Extension of the School Bus Grant Program Should Be Rejected
March 08, 2018
The City Council should reject this program, and all new school bus contracts should be awarded with an eye toward realizing savings in the costs of pupil transportation, now more than $1.2 billion.
Blog
City Budget
PEGging Efficiency:
More Savings Needed Under Mayor de Blasio
March 05, 2018
Find out how Mayor de Blasio's savings plan stacks up against the savings found in Mayor Bloomberg's last three preliminary budgets.
Podcast episode
CBC News
86, with Federal Reserve Board Vice-Chair Stanley Fischer
March 01, 2018
This episode's data point is 86 - as in the CBC's 86th Annual Awards Dinner. One of several awards given at the gala is the Felix G. Rohatyn Award, which recognizes champions of New York and sound fiscal management. This year's Rohatyn Award honoree is former Federal Reserve Board Vice-Chair Stanley Fischer, and this episode presents his remarks. He covers two broad topics: first, national fiscal policy, and second, financial markets.
Blog
Pensions & Benefits
A Budget Proposal That Seems Fiscally Responsible, But Doesn’t Tackle the True Problem
February 22, 2018
It's time to eliminate the expensive and risky benefits provided by the TDA.
Blog
Education
Governor’s Education Proposal Pierces Cap And Lacks Needed Reforms
February 20, 2018
The NYS FY2018-2019 Executive Budget increases school aid by $769 million, or 3 percent, to $26.4 billion- twice the increase allowed by the school aid cap.
Podcast episode
City Budget
$418 million, with Dana Rubinstein
February 15, 2018
$418 million is the amount Governor Andrew Cuomo wants New York City to commit to the Subway Action Plan, the emergency plan to address repairs to the distressed subway system. Politico NY senior reporter Dana Rubinstein discusses this and other pressing transit issues.
Podcast episode
City Budget
$72.4 billion, with Dr. Charles Brecher
February 08, 2018
$72.4 billion is total Medicaid spending in the NYS Executive Budget for FY 2019. CBC's Senior Advisor for Health Policy Dr. Charles Brecher joined WT[D]P to discuss progress on Medicaid reforms and the potential impact of federal actions on health care in New York.