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Report
City Budget
PEG for Productivity
NYC's Fiscal Year 2023 Program to Eliminate the Gap
April 05, 2022
To increase the City’s fiscal stability and the quality of priority services, identifying and implementing efficiencies to reduce recurring costs without reducing services should be a high priority.
Letter
State Budget
Watchdog Groups Urge State to Publish Basic Financial Tables when Budget Agreement Reached
A Letter to the Governor, Senate Majority Leader, and Assembly Speaker
March 23, 2022
We urge you to publish basic, multi-year financial plan tables when you agree on the Fiscal Year 2023 Enacted Budget.
Report
State Budget
Risky Business
What Could Happen If NYS Spends More… More… And Much More
March 23, 2022
The fiscal year 2023 State budget is being negotiated in the context of apparent unprecedented State fiscal strength, though economic and pandemic uncertainties serve as stark reminders to be prepared for emergencies.
Report
Economic Development
Determining an Appropriate Buffalo Stadium Subsidy
Don't Just Wing It
March 21, 2022
New York does not have a good track record of demonstrating that its economic development programs yield benefits exceeding their costs.
Podcast episode
State Budget
$0, with Robert Mujica
March 18, 2022
$0 is the size of the New York State budget deficit in each year of New York State’s five-year Executive Budget financial plan, as proposed by Governor Kathy Hochul. The Governor’s budget proposal balances the budget in each of the next five years, an unprecedented level of fiscal stability for the State. This balance and fiscal strength is driven by strong State tax receipts and extraordinary federal fiscal relief. The proposed budget also makes significant deposits to reserves. At an event with CBC Trustees, New York State Budget Director Robert Mujica presented the details of the State’s budget, and the fiscal and economic outlook going forward.
Report
Housing
Amend it, Don’t End It
Improve 421-a to Spur Rental and Affordable Housing Development
March 15, 2022
Allowing 421-a to lapse would significantly reduce rental housing development, worsen the city’s existing housing supply shortage, and make New York City’s already scarce and costly rental housing scarcer and more expensive.
Letter
State Budget
Recommendations for Legislative Action on the Fiscal Year 2023 NYS Executive Budget
Letter to the State Legislature
March 03, 2022
The Executive Budget commendably proposed a financial plan that is balanced over the next five years and builds significant reserves, which will be critical to stabilize New York during the next recession or emergency.
Letter
State Budget
Watchdog Groups Urge Legislature to Reject Extraordinary Budget Powers
A Letter to the Legislature
March 02, 2022
We urge you to reject the Governor’s Fiscal Year 2023 Executive Budget proposals that would give the Executive broad and unilateral powers, and amend other proposals to better define their uses and oversight.
Podcast episode
State Budget
$216 billion, with Governor Kathy Hochul
February 11, 2022
$216 billion is the size of New York State fiscal year 2023 budget proposed by Governor Kathy Hochul. The proposed spending plan is balanced over five years and makes significant deposits to reserves, but also maintains high taxes and accelerates State spending growth. At an event with CBC Trustees, Governor Hochul and CBC President Andrew Rein discussed the continued improvement of the State's fiscal outlook, budget negotiations, priorities for COVID recovery, the MTA and more.
Podcast episode
Transportation
2026, with MTA Chair & CEO Janno Lieber
January 30, 2022
2026 is the year the MTA will likely have spent all of its one-time COVID-19 federal aid, and when the MTA will have to address the estimated $2.5 billion annual structural operating deficit which that aid is now covering. At an event with CBC Trustees, MTA Chair and CEO Janno Lieber and President Andrew Rein sat down for a fireside chat to discuss this and a range of other issues including ridership and the ridership experience, the newly proposed Interborough Express and other infrastructure and state of good repair needs, and how labor and management collaboration is critical to closing the operating budget gaps.
Report
City Budget
Track to Have Impact
How to Create NYC's Needed Federal COVID Aid Tracker
January 24, 2022
To support the COVID-19 response and recovery, an unprecedented level of federal aid has been flowing to New York City.
Report
Health Care
Narrowing New York's Health Insurance Coverage Gap
January 11, 2022
More than 1 million New Yorkers remained uninsured and New York ranks seventh among states on coverage.
Podcast episode
City Budget
2,268 with Stephen Eide
December 13, 2018
2,268 is the average daily number of people in adult psychiatric centers in New York State, a decrease from a peak of more than 93,000 people in 1955. Stephen Eide, a Senior Fellow at the Manhattan Institute, discusses the impacts of deinstitutionalization in New York.
Report
Transportation
NYS Infrastructure Policy
A Background Paper for the CBC Conference on The Most Important Fiscal and Economic Issues Facing New York State
December 13, 2018
This paper was prepared by HR&A Advisors as a background paper for the December 2018 CBC Conference on most important fiscal and economic issues facing New York State. The paper provides recommendations for how NYS should prioritize, fund, and deliver key infrastructure investments.
Podcast episode
City Budget
18.6%, with Greg David and Cara Eisenpress
November 30, 2018
18.6% is the poverty rate in New York City. Greg David and Cara Eisenpress, both from Crain's New York Business and the Craig Newmark Graduate School of Journalism at CUNY, discuss their recent reporting exploring New York City's safety net, how it's funded, and how it compares to other places (hint: a lot better).
Letter
Pensions & Benefits
Governor Cuomo Should Veto Costly Employee and Retiree Benefits
A Letter to the Governor
November 27, 2018
CBC Recommends veto of A8164-b/S3770-b, A8402-b/S6435-b, A9909/S7705, A9910/S7704, and A10735/S7933.
Report
City Budget
Reviving EMS
Restructuring Emergency Medical Services in New York City
November 25, 2018
The City of New York spends more than $1.1 billion annually in an effort to provide its residents and visitors this vital service, but the money is not used wisely.
Podcast episode
City Budget
Episode 59: 1981
November 16, 2018
The data point for today is 1981, the year in which the State Legislature enacted S7000A, the landmark bill that formalized the current property tax system for New York City. A response to the Hellerstein case, which found the system was in violation of State law, S7000A essentially codified the status quo.In doing so, it established a system of property classification, fractional assessments, caps, phase-ins, and class shares that is still with us 37 years later. These structural features and statutory requirements are the root of the system’s inequities and complexities. A home worth $500,000 can face the same tax bill as a home worth $1.5 million, while the value of a condominium unit, according to the City, is a fraction of its sale price. In fact, some buildings have values that are below the sale price of individual units. And commercial and rental property faces a higher average property tax burden than 1-, 2- and 3-family homes.
These inequities and problems have led to repeated calls for reform, including pending litigation. This past May, Mayor de Blasio and Speaker Johnson formed the Advisory Commission on Property Tax Reform. In September, the Citizens Budget Commission, the Regional Plan Association, and NYU Robert Wagner School of Public Service held a panel to discuss the problem, inequities and potential reforms
Podcast episode
City Budget
3, with Cesar Perales
November 01, 2018
3 is the number of proposals on the November 6 ballot from Mayor de Blasio’s Charter Revision Commission. In this episode Commission Chair Cesar Perales discusses the proposed amendments.
Podcast episode
City Budget
8 years, with David Friedfel and Patrick Orecki
October 24, 2018
8 is the number of years Andrew Cuomo has served as the 56th Governor of New York State. CBC's David Friedfel and Patrick Orecki join the podcast to discuss the demographic, fiscal, and policy trends of the last 8 years.