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Statement
City Budget
Statement on the NYC Fiscal Year 2019 Executive Budget
April 26, 2018
New York City’s Executive Budget for Fiscal Year 2019 increases operating spending at more than twice the rate of inflation and misses an opportunity to bolster reserves as strong tax revenue growth continues.
Testimony
Energy & Environment
Testimony on the Department of Sanitation's Waste Characterization Study
Submitted to the New York City Council Committee on Sanitation and Solid Waste Management
April 24, 2018
CBC testimony on the fiscal and policy implications of changes in the waste stream on the City’s waste management system.
Press Release
CBC Announces Leadership Transition
President Carol Kellermann Plans to Step Down After a Decade of Service at CBC; Walter Harris Nominated to Succeed Ed Skyler as CBC Chair
April 23, 2018
CBC today announced that President Carol Kellermann will be stepping down from her position around the end of 2018, once a successor has been identified.
Statement
State Budget
Statement on the NYS FY2019 Budget
March 31, 2018
The budget gap will be closed using short-term measures instead of restraint in and reform of spending commitments.
Statement
State Budget
CBC Urges State Leaders to Respond to the Federal Tax Cuts and Jobs Act To Promote Competitiveness and Protect New Yorkers
March 26, 2018
With budget negotiations in the final push, here's what State leaders should do now and in months to come.
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.
Press Release
State Budget
CBC Recommends Strategies to Mitigate Federal Tax Law Threat to New York's Competitiveness and New Yorkers
March 19, 2018
The CBC released a comprehensive report detailing the massive impacts the Tax Cuts and Jobs Act will have on the residents and revenues of New York State, as well as the steps needed to address these problems.
Press Release
CBC News
CBC Awards Prize For Public Service Innovation To Medicaid Redesign Team
Annual Prize Celebrates Creative Thinking and Government Achievement
February 28, 2018
The CBC today announced the winner of the Prize for Public Service Innovation is the Medicaid Redesign Team, whose initiatives have transformed the State's Medicaid program into a national model.
Statement
Taxes
CBC Statement on Governor's 30-Day Amendments in Response to Federal Tax Legislation
February 12, 2018
The Governor's proposals represent bold and important steps to address the negative impacts the federal tax law will have on New Yorkers and to maintain New York's competitive position.
Press Release
Pensions & Benefits
CBC Uncovers Potential $160 Million In Savings From Better Management Of NYC's Union-Administered Benefit Funds
February 08, 2018
CBC today released the report Union-Administered Benefit Funds: Getting More Out of a Billion Dollar Taxpayer Contribution, which gives short-term and long-term recommendations for improving the inefficient operations of union-administered benefit funds.
Testimony
Economic Development
NYCEDC 2018 and Beyond: Borough-by-Borough in the Next Four Years
Testimony before the New York City Council Committee on Economic Development
February 06, 2018
How can EDC improve its performance in 2018?
Statement
City Budget
CBC Statement on NYC FY19 Preliminary Budget: Wait and See All Over Again
February 01, 2018
Before the going gets tough, the Mayor should get going by limiting spending growth, bolstering the savings plan, and adding to reserves
Press Release
City Budget
CBC Recommends Budget Strategies for Mayor de Blasio's Second Term
January 26, 2018
In order to reach, and then sustain, budget stability in the Mayor’s second term, the budget should contain spending growth; build reserves; reduce the size of the capital plan and the cost of capital projects; and strengthen finances at NYCHA and NYC H+H.
Statement
State Budget
Statement on NYS Executive Budget for FY2019
January 17, 2018
The overall approach is to use short-term fixes that do not address the long-term structural problem of spending outpacing revenues.
Press Release
Economic Development
CBC Releases Report On Mayor De Blasio's Economic Development Record
January 02, 2018
Evaluation of the City's economic development record under Mayor de Blasio and recommendations for five areas for improvement.
Testimony
Economic Development
Testimony on Regular Evaluation of Tax Expenditures
Submitted to the New York City Council Committee on Finance
September 22, 2016
The impact of tax expenditures should be regularly assessed to determine whether they are inducing behavior or subsidizing activity that would happen anyway.
Testimony
Economic Development
Testimony on Economic Development Programs
Delivered to the NYS Assembly Committee on Economic Development
August 03, 2016
Project-specific appropriations for economic development should cease at least until eligibility criteria are established and accountability mechanisms enhanced.
Testimony
Energy & Environment
Testimony to Reducing Food Waste in New York City
Submitted to NYC Council Committee on Solid Waste and Sanitation
June 07, 2016
Unless residential trash collection costs are reduced, new program costs will greatly overwhelm any potential savings from landfill reduction. A significant expansion of food waste collection may also outpace regional processing infrastructure.
Testimony
Pensions & Benefits
Testimony on Health Care Savings Under Recent Collective Bargaining Agreements
Delivered to NYC Council Committees on Finance and Civil Service
February 26, 2016
CBC has been monitoring New York City's efforts to find health savings. CBC has long advocated negotiating changes to health insurance as part of collective bargaining and applauded the labor-management agreement that committed to meet annual savings targets.
Testimony
Taxes
Testimony on Flaws in New York City's Real Property Taxation System
Submitted to the NYS Assembly Committee on Real Property Taxation
January 22, 2016
The two most significant issues are: 1) among residential properties, rental buildings are taxed more heavily than single family homes, and 2) within the two subgroups of residential properties—small homes and large rental buildings—property tax rates vary widely.