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Podcast episode
Transportation
24/7, with Sarah Feinberg and Janno Lieber
April 01, 2021
24/7 is the number of hours and days New Yorkers traditionally have had access to the subway system. In response to the pandemic the MTA suspended overnight service to clean and disinfect the subway, giving riders the confidence they need to return to the system. The pandemic decimated revenue and ridership this past year, but with an infusion of federal funds and slowly returning ridership the MTA financial forecast has stabilized for the time being. However, they're still not out of the woods. Today's guests are two leaders who will chart and manage the course forward for the MTA: New York City Transit Interim President Sarah Feinberg, and MTA Chief Development Officer Janno Lieber.
Blog
State Budget
And State Spending Growth Resumes
Buoyed by Revenue Strength and Federal Aid
March 26, 2021
Governor’s Fiscal Year 2022 Executive Budget proposes to increase State Operating Funds spending an average of 3 percent per year over the next four fiscal years.
Podcast episode
Transportation
800,000, with John Porcari
March 21, 2021
800,000 is the approximate number of daily passengers who travel on Northeast Corridor trains. The only rail link that connects New York and New Jersey is through a 110-year-old tunnel under the Hudson River. The Biden administration has pledged to move forward the Gateway Program―the planned, phased expansion and renovation of the Northeast Corridor rail line, including the aging tunnel. John Porcari, the founding interim Executive Director of the Gateway Development Corporation, joined the podcast to update listeners on the status of this critical infrastructure project.
Blog
City Budget
Bridge Over Troubled Fiscal Waters?
Only if Federal Aid Is Used Wisely
March 15, 2021
With more than $5 billion in additional federal relief expected to flow to New York City, the appropriate course of action now would be to address the most pressing pandemic and related expenses and responsibly backfill shortfalls in tax revenues temporarily but resist the urge to fund programs with recurring costs without a long run fiscal stability plan.
Podcast episode
City Budget
$5.3 billion, CBC's Mayoral Forum
February 28, 2021
$5.3 billion is the current estimate of the budget gap the next Mayor will have to close in her or his first year. Ben and CBC President Andrew Rein introduce listeners to CBC's mayoral candidates forum "Managing NYC’s Fiscal Crisis" that featured 10-minute conversations with each of eight candidates: Maya Wiley, Kathryn Garcia, Andrew Yang, Dianne Morales, Eric Adams, Ray McGuire, Scott Stringer, and Shaun Donovan. Each candidate presented their plan to manage the crisis, answered targeted questions, and identified positions on key fiscal issues in a lightning round.
Blog
Public Workforce
Early Retirement Incentives
Weighing the Risks for State and Local Governments
February 22, 2021
In light of the City’s fiscal stress and the availability of other options to balance the budget, the City should reduce its workforce through attrition and not pursue the ERI.
Blog
Public Workforce
A Premium Option
School Districts Can Save $850 Million By Following the State’s Lead on Health Insurance
February 22, 2021
In response to New York State’s fiscal year 2022 budget gap, the executive budget calls for a change to the composition of school funding.
Blog
Transportation
What to Look for in the February Update to the MTA’s Financial Plan
February 17, 2021
Further actions will be needed to stabilize the MTA’s finances in the long term.
Blog
State Budget
NYS Should Not Borrow for Operations Without Spending Restraint, Fiscal Stability Plan, Enhanced Oversight, and Transparency
February 10, 2021
Using long-term debt to fund operations can be a tempting way to close budget gaps, but it should be a last resort.
Podcast episode
State Budget
$7.4 billion, with E.J. McMahon
February 03, 2021
$7.4 billion is how much NYS personal income tax was paid in 2018 by residents of other states. This revenue stream may be threatened if a lawsuit over taxation of out-of-state telecommuting residents prevails. Today's guest is E.J. McMahon, adjunct fellow of the Manhattan Institute and senior fellow of the Empire Center. He explains why this lawsuit is so important and also discussed elements of the NYS Executive Budget. And, in her final episode as host, Maria Doulis offers a brief analysis of the NYC Preliminary Budget.
Blog
Public Workforce
Why Spend to Save?
Early Retirement Incentives Save Less than Attrition
January 28, 2021
ERIs are a more costly workforce reduction strategy than attrition or layoffs.
Blog
State Budget
What to Look for in the NYS FY 2022 Executive Budget
January 15, 2021
Balancing the fiscal year 2022 budget will require some combination of spending cuts, additional revenues, and other actions