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Report
State Budget
Accounting (and More) for a Better Budget
Strategies to Improve New York State Budgeting and Fiscal Management
December 20, 2022
It is critically important that the State’s budget and fiscal management processes be improved to enable better decision-making, outcomes, and accountability.
Report
Housing
The Potential for Office-to-Residential Conversions
Lessons from 421-g
December 11, 2022
This brief analyzes how the 421-g program was used and offers lessons for designing a cost-effective program to support office-to-residential conversions in today’s market.
Op Ed
State Budget
Getting Our Money’s Worth from N.Y.
New York Daily News
November 29, 2022
With the election behind us, Gov. Hochul and the Legislature can now focus squarely on policies and programs that will shape the state’s future.
Report
Education
More Money, Little Accountability
New York Continues to Increase State School Aid
October 03, 2022
New York State’s schools spend nearly twice the national average per student, without delivering above-average results in achievement.
Report
Economic Development
Improving New York City’s Land Use Decision-Making Process
September 06, 2022
This report examines and identifies why New York’s land use decision-making process impedes action to address New York’s needs and recommends improvements.
Report
Transportation
Prioritizing the MTA's Critical Capital Needs
What to Do When You Can’t Do It All
August 23, 2022
The MTA has significant needs for capital investment, from signal modernization and track improvements to new subway and train cars to making stations across the system accessible.
Blog
State Budget
Late Addition
$1.6 billion in Capital Pork Served Up
July 20, 2022
The additional cash and pressure to achieve a budget deal also resulted in the late addition of $1.6 billion for capital projects that were not included in the Executive’s or Legislative budget proposals.
Report
State Budget
Options to Address NYS' Unemployment Insurance Trust Fund Debt
June 14, 2022
The State has three options for addressing the Trust Fund’s current debt, each of which have trade-offs and implications that should be considered.
Op Ed
Housing
The Only Way to Build What We Need: NYC’s Construction Imperative
New York Daily News
June 10, 2022
If New York is to be an affordable place to live for the diverse populace it needs to thrive, it must be, to paraphrase Mayor Adams, a ”a city that says yes” to more of all housing types across the city.
Report
Housing
Making the Most of Monitorship
Leveraging the Opportunity to Meet NYCHA's Needs
May 26, 2022
In 2018, after decades of underinvestment and recurring management problems, the New York City Housing Authority (NYCHA) was on the brink of federal receivership.
Blog
State Budget
NYS Budget Basics, Fiscal Future
The Fiscal Year 2023 Enacted Budget Financial Plan
May 24, 2022
Given the uncertain economic recovery, the budget choices State leaders made all but assure New York will have to make permanent the temporary tax increases of 2021, and may lead to drastic service cuts or even greater tax increases in the future.
Blog
Housing
No Windfall
Ending 421-a Today Won't Free Up $1.8 Billion for Decades
May 05, 2022
CBC analyzed the costs of seven different types of rental projects built under the current version of 421-a and found the vast majority would not be financially feasible without the 421-a tax exemption.
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.
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.
Blog
State Budget
Recommendations to Strengthen the State
NYS Priorities that Promote Recovery, Transparency, Accountability, and Fiscal Stability
January 04, 2022
Governor Kathy Hochul's budget and policy priorities provide the opportunity to build a strong fiscal future, and to improve transparency and accountability.
Report
Energy & Environment
4 Facts About New York’s Transportation Emissions
November 11, 2021
As the State implements policies to meet these ambitious targets, shrinking emissions from transportation will be vitally important.
Report
State Budget
Spending Growth Resumes, Fiscal Cliff Looms
NYS Operating Funds Spending FY 2021 through FY 2025
October 21, 2021
These accounting maneuvers obfuscate the State’s true fiscal picture.
Blog
Education
Making the Grade
New York State Should Ensure that Massive School Funding Increase Drives Results
September 15, 2021
New York’s schools open this year slated to receive more aid than ever from the State plus $11.4 billion in one-time federal pandemic aid that can be spent over four years.
Op Ed
State Budget
Our New Governor’s Budget-Balancing Act
New York Daily News
September 01, 2021
Tackling these crises requires swift action. It is encouraging to hear Hochul emphasize performance and transparency. Her next step should be to convert those pledges into action.