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Podcast episode
Education
$39.5 billion, with Chancellor David Banks and Emma Vadehra
March 05, 2024
$39.5 billion is spent by NYC annually to educate our students. The New York City Public Schools has an enormous and challenging task: educate and develop 900,000 students from a wide diversity of backgrounds and needs. Are we getting the return we need on our dollars? How are our students doing? NYC Schools Chancellor David Banks and Deputy Chancellor and Chief Operating Officer Emma Vadehra discuss.
Letter
State Budget
Watchdog Groups Urge Legislators to Publish Basic Financial Tables with One-House Proposals
February 26, 2024
We urge Legislators to publish basic, multi-year financial plan tables with their proposals to for the Fiscal Year 2024 Enacted Budget.
Report
State Budget
Excelsior!
New York State Spending Growth Continues
February 22, 2024
Forward-looking budget choices this year–namely not layering on further tax and spending increases–would relieve the building budget pressure and stave off a potentially harsh fiscal reckoning.
Report
City Budget
NYC's Already High Spending Keeps Climbing
February 22, 2024
Despite the pandemic, recession, and multiple rounds of PEGs, City-funded spending is slated to increase 22.6 percent between fiscal years 2019 and 2025.
Letter
State Budget
Watchdog Groups Urge Legislators to Omit Extraordinary Budget Powers in One-House Proposals
A Letter to State Legislative Leaders
February 20, 2024
Reject proposal in Fiscal Year 2025 Executive Budget that gives the Governor extraordinary powers to spend and borrow unilaterally and without oversight by the Comptroller.
Report
State Budget
Top of the Charts
New York and Its Localities Were #1 in Taxes and #2 in Spending
February 13, 2024
New York does not exist in a vacuum. It competes with other places, and other jurisdictions’ experiences provide an important perspective on the different choices that are being made.
Report
City Budget
Don’t Step Off the Cliff
Fiscal Cliffs and Budget Gaps in New York City’s Fiscal Year 2025 Preliminary Budget
February 08, 2024
To balance the fiscal year 2025 budget while also ensuring projected spending fully supports all planned programs, the City should implement an additional PEG in the Executive Budget and shrink or eliminate programs that the available resources cannot fully support.
Podcast episode
Taxes
151,700, with Maria Doulis
January 31, 2024
151,700 is the net loss of New York personal income tax filers in 2020 and 2021. Was this primarily due to the pandemic? CBC is relaunching its podcast with a focus on policy discussions, starting with the podcast's founder and CBC alum Maria Doulis, Deputy New York State Comptroller for Budget and Policy Analysis. Tune in as we explore the challenge of retaining and attracting more New Yorkers.
Podcast episode
Energy & Environment
85%, with Doreen Harris and Basil Seggos
January 26, 2024
85% is the amount New York State must reduce greenhouse gas emissions by 2050. The State’s Cap-and-Invest program is a key strategy to cap and reduce emissions, auction emission rights, and invest proceeds in energy transition. Doreen Harris, President and CEO of NYS Energy Research and Development Authority, and Basil Seggos, Commissioner of NYS Department of Environmental Conservation, joined CBC to discuss Cap-and-Invest, and much more.
Report
City Budget
Unpacking the PEG
Examining the Impact of the NYC November 2023 Financial Plan Savings
January 10, 2024
Agencies should continue to identify efficiency savings that do not affect critical program services.
Podcast episode
Transportation
$1.5 trillion, with the MTA's Janno Lieber and Jamie Torres-Springer
December 19, 2023
$1.5 trillion is the MTA’s total asset value—the trains, buses, yards, and stations...all the infrastructure moving New Yorkers round the clock. At a recent CBC event, MTA Chair and CEO Janno Lieber and President of Construction and Development Jamie Torres-Springer discussed congestion pricing, fare evasion, congestion pricing, state of good repair, the future of Penn Station, and more.
Letter
State Budget
Watchdogs Urge Governor to Sign A7404/S6941 to Require Publication of Contracts Exempt from Oversight
A Letter to the Governor
December 12, 2023
We write to ask you sign to A7404/S6941, a bill to require State agencies and authorities to publish contracts that are exempt from prior approval by the Office of the State Comptroller
Podcast episode
City Budget
$10.6 billion, with Andrew Rein and Ana Champeny
December 11, 2023
$10.6 billion is the real-world, all-in budget gap that NYC could be facing once you include all spending that is currently unbudgeted or underbudgeted. In a co-production with Ben Max's podcast "Max Politics," CBC President Andrew Rein and Vice President for Research Ana Champeny about the City's decisions and unforeseen events that lead to the real-world budget gap, and the options for closing it.
Letter
Pensions & Benefits
CBC Urges Governor to Veto 20 Benefit Sweeteners
A Letter to the Governor
November 29, 2023
CBC urges you to veto S5027/A5208 and 19 other bills because they enhance benefits and increase costs to New York State and local governments.
Report
Energy & Environment
Keys to a Cap-and-Invest Design That’s Earth- and Economy-Focused
Recommendations for a Cost-Effective Program to Meet New York's Ambitious Climate Goals
November 28, 2023
While NYCI provides a great opportunity to reduce emissions in a cost-effective manner and fund critical investments strategically, its success depends on it being well designed and implemented.
Report
Transportation
What to Look for in the MTA’s November 2023 Financial Plan
November 27, 2023
While the budget outlook is positive, caution is warranted. The MTA and stakeholders should closely monitor ongoing results because certain risks threaten its projected revenue and expenses.
Report
State Budget
The Mid-Year Check-in
Six Takeaways from the NYS Financial Plan Update and Quick Start Budget Report
November 20, 2023
The fiscal news of the last three weeks makes one thing clear: This year’s budget process will be unlike those of recent years.
Report
City Budget
What to Look for in the New York City November 2023 Financial Plan
November 14, 2023
When New York City adopted its fiscal year 2024 budget in June 2023 without addressing underlying structural imbalances, it virtually guaranteed that major fiscal challenges remained on the horizon.
Letter
State Budget
CBC Urges Governor to Sign A1926A/S1683A for Home Care Services Data Reporting
A Letter to the Governor
October 27, 2023
CBC recommends that you sign A1926A/S1683A, a bill to require annual reporting on home care services.
Podcast episode
Energy & Environment
44 million, with Commissioner Jessica Tisch
October 20, 2023
44 million pounds of trash are generated by New Yorkers every day. The NYC Department of Sanitation not only collects residential waste, recyclables, and compostables, but it also removes snow, cleans streets and lots, removes graffiti, and fights rats. CBC Chair Marissa Shorenstein is joined by Sanitation Commissioner Jessica Tisch, who is leading "New York's Trash Revolution." The revolution includes expanding composting citywide, residential and commercial waste containerization, sanitation truck and bin redesign, and more.