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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.
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.
Blog
State Budget
What to Look for in New York State’s Fiscal Year 2025 Executive Budget
January 11, 2024
With Governor Kathy Hochul having delivered her State of the State address and the Legislature convened, attention in Albany now turns to the Fiscal Year 2025 Executive Budget—due in just a few days.
Testimony
Transportation
Public Comment on the MTA’s Twenty-Year Needs Assessment for 2025-2044
Submitted to the Metropolitan Transportation Authority
October 25, 2023
As it stands, the public does not have a clue how much it would cost over the next five years to begin bringing the system to adequate condition.
Testimony
Transportation
Testimony on Congestion Pricing and the MTA's Fiscal Health
Submitted to the New York City Council Committee on Transportation and Infrastructure
August 17, 2023
As long-time supporters of congestion pricing, we are pleased that the MTA has secured federal approval and moved into the implementation phase.
Blog
Transportation
Stabilized, for Now
The MTA's Operating Budget's Long-Run Outlook
July 17, 2023
Taking steps now to start closing future gaps will ensure changes do not have negative impacts on services or the economy.
Testimony
Transportation
Public Comment on Proposed Changes to the Metropolitan Transportation Authority’s Fares and Tolls
Submitted to the Metropolitan Transportation Authority
June 22, 2023
We support the proposed increase in fares and tolls since it is essential for the MTA’s fiscal health and wholly appropriate for riders and drivers to pay a reasonable portion of costs.
Blog
State Budget
New York State Budget Process Reform—Little Progress
2023 Update
June 21, 2023
With the budget now enacted and the scheduled legislative session concluded, CBC finds the State made little progress implementing the structural reforms needed.
Blog
Economic Development
Shrink, Don’t Expand, the New York State Film Tax Credit
March 06, 2023
The current program already is overly generous compared to other states and should be phased out.
Testimony
Transportation
Testimony on the State Plan to Address the Metropolitan Transportation Authority's Financial Crisis
Submitted to the New York State Senate Standing Committee on Corporations, Authorities and Commissions and the Standing Committee on Transportation
March 03, 2023
The fiscal stability of the MTA is of paramount importance to the region and the State.
Blog
Economic Development
No Extension without Evaluation
Reject Proposed Extension of Certain NYC Economic Development Tax Breaks Absent Appropriate Analysis
February 23, 2023
Prior evaluations found two of these programs to be ineffective; the bar to justify their extension should be appropriately higher.
Blog
State Budget
Five Fast Facts About the New York State Fiscal Year 2024 Executive Budget
February 03, 2023
To start to unpack the fiscal drivers and implications, CBC starts with five fast facts.
Blog
State Budget
CBC’s New York State Budget Priorities
Fiscal Year 2024
January 30, 2023
Resources available in the near term should not cloud the State’s significant fiscal and economic risks, and the need to stay competitive for residents and businesses.
Blog
State Budget
What to Look for in New York State’s New Year
January 09, 2023
The State enters a new Legislative session and a new gubernatorial term in less favorable fiscal condition than a year ago and with threatening economic headwinds.
Blog
Taxes
Good Ideas in Tax Commission Report
November 14, 2013
The State Tax Reform and Fairness Commission contains many smart proposals, including reducing exemptions from the sales tax and reforming business tax incentives.
Blog
Transportation
Recent Confusion over the MTA’s Financial Condition and What to Do About It
October 10, 2013
CBC offers its perspective on the New York Times’ “Room for Debate” question, “Is there any hope for NYC Transit?”
Blog
Capital Spending
How Much, and for What?
May 21, 2013
Reviews the $54 billion Ten-Year Capital Strategy; the next mayor will have to make difficult trade-offs between competing priorities while ensuring the city’s debt does not become unaffordable.
Blog
State Budget
The Back-loaded Impact of New York’s Fiscal Year 2013-14 Budget
May 08, 2013
Reviews NYS Enacted Budget for FY2014- $1.8 billion in annual spending by the final year of the financial plan were paid for with tax increases, non-recurring resources, and boosted revenue forecasts.
Blog
State Budget
Little Noticed but Significant: The Sound Recommendations of the SAGE Commission
April 15, 2013
Reviews the worthwhile recommendations of the Spending and Government Efficiency Commission, or “SAGE” Commission.
Blog
Education
Generous Helpings of School Aid Exceed the Cap and Benefit All Districts
April 03, 2013
The allocation of school aid in New York State’s adopted budget for fiscal year 2014 has two key features: It exceeds the “cap” tied to personal income growth and it distributes the funds in a poorly targeted manner.