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Blog
City Budget
NYC FY2021 Adopted Budget
Short-Term Balance, Long-Term Challenge
July 21, 2020
After tense negotiations and a close vote ending early morning July 1, the City adopted an $88.2 billion budget for fiscal year 2021.
Blog
Transportation
How Will The MTA Fight Its Four-Alarm Fire?
July 13, 2020
Federal aid should be a significant contributor to solving this crisis. Yet, even if the MTA receives all the aid it has requested, its leaders face hard choices about how to manage the resources they control.
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.
Blog
City Budget
Budgeting in a Time of Pandemic
City-Funded Spending Is Flat in FY2021
July 02, 2020
Adopting the budget was just the first step; negotiating and managing the changes necessary to achieve the assumed savings is next big, important step forward.
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.
Blog
City Budget
Seven Facts About the NYPD Budget
June 12, 2020
The NYPD is New York City’s third largest agency, commanding $10.9 billion in spending in fiscal year 2020, including pensions, fringe benefits, and debt service costs.
Video
CBC News
Sages of the Ages
Lessons from Past Fiscal Crises and Perspectives on the Present
June 02, 2020
CBC hosted a special panel discussion of prominent fiscal experts who helped New York overcome some of the most dire crises of the past. They provided insights and lessons from past experiences to help us understand and navigate the looming crisis.
Blog
City Budget
Buoying EDC's Operating Budget
June 01, 2020
EDC’s recent decision to reduce service hours and recalibrate routes on NYC Ferry is a step in the right direction.
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.
Blog
Public Workforce
The Growth of NYC Employee Headcount
Time to Reduce the Size of the Public Workforce
May 18, 2020
NYC budget documents don't show a plan to shrink the workforce, which reached an all-time high, during this recession. That should change.
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.
Blog
City Budget
The City’s Fiscal Year 2021 Executive Budget
Slower But Still Growing
April 17, 2020
A clear understanding of the trajectory of the budget requires adjustments for the timing of spending, the use of reserves, and assumed federal aid.
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.
Blog
City Budget
Clear as Day
New York City Needs a Rainy Day Fund
April 15, 2020
While the City will have to address the current crisis with the tools and resources at hand, now is the perfect time for State and City leaders to do what it takes to get it right for next time.
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.
Op Ed
State Budget
Let’s have some fiscal emergency preparedness, New York
New York Daily News
March 02, 2020
As we have watched the stock market drop and serious concerns about the coronavirus mount, we budget watchdogs predictably have started to worry.
Blog
Transportation
How Much Do City Taxpayers Really Contribute to the MTA?
February 21, 2020
City taxpayers pay 71% on MTA non-toll, non-federal revenues.
Blog
Public Workforce
TWU Contract
Productivity Not a Done Deal
February 18, 2020
The agreements should include greater savings, including workrule changes, to offset the impact of these increased costs.