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Special Feature
Capital Spending
NYC Debt Outstanding
Fiscal Years 2002-2020
December 28, 2020
New York City debt outstanding grew to $125 billion—84 percent since 2005.
Podcast episode
City Budget
29 acres, the Special Flushing Waterfront District
December 03, 2020
29 is the number of acres in the proposed Special Flushing Waterfront District. In our third episode on land use and zoning, we move from Brooklyn to Flushing, Queens to discuss the proposed district that could add 3 million square feet of housing, hotel, retail and office space; remediate Flushing Creek; and create waterfront access and park space. Developer Helen Lee and proposal critic John Choe joined the podcast to share their competing views.
Statement
City Budget
Statement on the NYC November 2020 Quarterly Modification to the Financial Plan for Fiscal Years 2021-2024
November 23, 2020
The City needs to close the $3.8 billion fiscal year 2022 budget gap in the Preliminary Budget for Fiscal Year 2022, due in January 2021.
Statement
Transportation
Statement on the MTA’s 2021 Final Proposed Budget and November Financial Plan for 2021-2024
November 18, 2020
Today’s financial plan update lays bare the MTA’s dire fiscal situation.
Letter
State Budget
Groups Urge Governor to Consider Reform of Scaffold Law
A Letter to the Governor
November 16, 2020
While it may have served a purpose prior to enactment of today’s comprehensive worker protections, New York should trust the modern approach to worker safety.
Statement
City Budget
No NYC Borrowing Authority without More Savings, Fiscal Stability Plan, and FCB
September 08, 2020
While New York City’s fiscal crisis is severe, it should not borrow now to balance the fiscal year 2021 budget.
Statement
Public Workforce
Statement on Borrowing vs. Layoffs in NYC Budget
September 02, 2020
The New York City budget adopted 64 days ago commits to $1 billion in recurring savings from negotiations with labor unions; however, to date apparently no savings have been agreed upon.
Testimony
Transportation
Impact of COVID-19 on the MTA and Public Transportation
Testimony to the New York State Senate and Assembly
August 25, 2020
The MTA shouldmake the hard choices that will be necessary to reduce spending and keep the system operating.
Statement
City Budget
CBC Statement on City’s Land Use Process
August 18, 2020
CBC is increasingly concerned that at times the City’s land use process serves as an impediment to proposals needed to spur growth.
Podcast episode
City Budget
$1 billion, with Adrian Pietrzak and Ana Champeny
July 02, 2020
$1 billion is the target reduction in the NYPD budget that became the focal point of recent budget negotiations. Was this cut actually made in the NYC Adopted FY2021 Budget? CBC's Adrian Pietrzak and Ana Champeny discuss the NYPD's budget and how it's going to change in the coming year in this special mini-episode.
Podcast episode
City Budget
Episode 93: $88.2 billion, with Ana Champeny
July 01, 2020
$88.2 billion is the size of the NYC budget adopted for FY 2021. After years of economic expansion, this is the first budget Mayor de Blasio and Speaker Johnson negotiated in a recession. CBC's Ana Champeny joined the podcast to discuss why this is just the first of many tough choices facing City leaders.
Statement
City Budget
CBC Statement on the NYC Adopted Budget for FY2021
June 30, 2020
New York City leaders may be breathing a sigh of relief for meeting the budget deadline after particularly arduous negotiations, but the fiscal crisis is far from over.
Podcast episode
City Budget
70 million, with Kathryn Garcia and Cas Holloway
June 19, 2020
70 million is the number of free meals distributed by the NYC since mid-March, when the COVID-19 pandemic took hold. Today we talk to members of the public and private sector teams that made this success happen: Sanitation Commissioner and "Food Czar" Kathryn Garcia, and Cas Holloway of Unqork, the enterprise software company that developed an app virtually overnight.
Letter
City Budget
CBC Urges Governor to Approve RDF Bill with Chapter Amendment
A Letter to the Governor
June 05, 2020
CBC has championed the creation of a well-designed RDF for NYC; however, this bill should not become law as currently drafted.
Podcast episode
City Budget
1975, with the "Sages of the Ages"
May 29, 2020
1975 is the year NYC found itself on the verge of municipal bankruptcy. How did the City turn around its fortunes? We present CBC's special panel discussion, "Sages of the Ages." Five New York fiscal experts--Steve Berger, Stan Brezenoff, Gene Keilin, Dick Ravitch, and Alair Townsend-- describe how they helped the City navigate through the fiscal crisis and explain what they think we'll need to do to overcome the challenges of the present.overcome the challenges of the present.
Letter
State Budget
CBC Strongly Urges Amendment of Rainy Day Fund Bill
A Letter to State Legislative Leaders
May 26, 2020
CBC has championed the creation of a well-designed RDF for NYC; however, this bill fails to place essential restrictions on the use of the RDF, and should be amended to add those restrictions.
Letter
City Budget
CBC Urges State Legislative Leaders to Reject Borrowing Bill for NYC
May 26, 2020
The Legislature should reject the bill to permit NYC to issue long-term debt to pay for operating expense related to the COVID-19 pandemic.
Podcast episode
City Budget
$7.4 billion, with Melanie Hartzog
May 16, 2020
$7.4 billion -- the two-year tax revenue shortfall for the City of New York revealed when Mayor Bill de Blasio released the Executive Budget for Fiscal Year 2021 last month. In this episode we hear from the person who will help guide NYC through one of its greatest fiscal challenges, NYC Budget Director Melanie Hartzog.
Statement
City Budget
Statement on the NYC Fiscal Year 2021 Executive Budget
April 16, 2020
While the City is to be commended for balancing the budget without tax increases or borrowing, it has used a short-term strategy that leaves a significant gap in FY 2022.
Statement
City Budget
CBC Calls for Greater Savings to Address Looming NYC Budget Gap
March 24, 2020
Responding to the pandemic and the economic crisis it has triggered will have a significant impact on NYC’s finances in both the near and long term.