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Testimony
Housing
Build More Housing, Everywhere
City of Yes Takes Right Approach to NYC’s Housing Crisis
July 10, 2024
The City of Yes for Housing Opportunity takes the right approach to New York City’s housing crisis: Build more housing, everywhere, of all types, for everyone.
Press Release
CBC News
CBC Submits "Testimony on Proposed Changes to the New York City Charter"
July 08, 2024
CBC continues to recommend that the Charter require a local law ensuring the City’s Rainy Day Fund (RDF) grows and is used for its intended purpose—to protect New Yorkers from dramatic cuts during a recession or short-term emergency.
Press Release
CBC News
CBC Releases "Refined Recommendations to NYC Charter Revision Commission for Improving Finances, Management, and Resident Feedback"
July 08, 2024
Improving both legislative Fiscal Impact Statements and the Executive’s financial plan estimates will enhance the integrity, legitimacy, and outcomes of budget-making, and help ensure the public appropriately views this Charter Revision Commission’s work through the lens of substance, not politics.
Report
Housing
A Building Crisis
The Quality-of-Life, Population, and Economic Effects of Housing Underproduction
June 27, 2024
By modernizing the City’s zoning ordinance to allow more housing everywhere, the City can start to chip away at a housing shortage that has been years in the making.
Press Release
CBC News
CBC Releases "A Building Crisis"
The Quality-of-Life, Population, and Economic Effects of Housing Underproduction
June 27, 2024
The decades-long failure to build sufficient housing in New York City has degraded quality of life, driven away residents and jobs, and undermined the city's tax base and economy.
Press Release
CBC News
CBC Releases "Preliminary Recommendations to NYC Charter Revision Commission for Improving Finances, Management, and Resident Feedback"
June 13, 2024
CBC is providing its preliminary recommendations for Charter revision that focus on strengthening the integrity of the budget process and fiscal estimates by both the Mayor’s office and the City Council.
Press Release
CBC News
CBC Releases "Checklist for NYC Fiscal Year 2025 Budget Adoption; Strengthening the City’s Fiscal Health and Competitiveness"
May 22, 2024
The choices Mayor Eric Adams, Speaker Adrienne Adams, and their teams make in these next five weeks will either help stabilize the fiscal path—strengthening the City’s ability to drive prosperity and protect New Yorkers—or make it shakier, increasing the chance of massive cuts to services in the future.
Podcast episode
Housing
1.4%, with Vicki Been
May 02, 2024
1.4% is NYC’s current—and historically low—apartment vacancy rate. New York City and State are in the throes of a housing crisis caused by decades of underproduction. To discuss the latest housing policy news affecting both NYC and the state, we’re joined by national housing expert Vicki Been, professor at NYU's Furman Center and former NYC Deputy Mayor for Housing and Economic Development.
Press Release
CBC News
CBC Releases "Real Numbers, Real Choices"
April 18, 2024
Real Numbers, Real Choices details that the Mayor’s Executive Budget—due next week—should give a more accurate picture of the City’s fiscal standing to foster budget choices that stabilize the fiscal future. Making budget decisions based on unrealistic estimates increases the chances of a future fiscal reckoning.
Podcast episode
Housing
$60 billion, with Lisa Bova-Hiatt and Jamie Rubin
April 05, 2024
$60 billion is how much NYCHA plans to invest in its infrastructure over 5 years. Facing ongoing challenges such as budget gaps, weakening rent collection, and deteriorating physical conditions, NYCHA CEO Lisa Bova-Hiatt and Chair Jamie Rubin shared their strategies for managing the nation's largest public housing system.
Press Release
CBC News
CBC Releases "Setting the Right Ceiling: Rethinking the City’s Debt Limits and Capital Process"
April 03, 2024
CBC recommends the State reject the arbitrary, lump sum debt limit expansions the City and Executive Budget proposed, and adopt a more analytically grounded, sustainable approach.
Press Release
CBC News
CBC Releases "It's Only Fair: The Urgent Need for Stronger Policies to Stop Fare and Toll Evasion"
April 02, 2024
CBC's new analysis finds that fare evasion has continued to grow, likely exceeding $700 million in 2023—an amount equal to the funding that would be raised by two rounds of fare hikes.
Video
Housing
Conversation with NYCHA CEO Lisa Bova-Hiatt and NYCHA Chair Jamie Rubin
How NYCHA plans to invest $60B over 5 years
March 27, 2024
Lisa Bova-Hiatt is the Chief Executive Officer (CEO) of the New York City Housing Authority, and Jamie Rubin is the Chair of the New York City Housing Authority.
Statement
State Budget
Statement on Medicaid/Managed Care Tax Proposal in NYS Budget Talks
March 26, 2024
The proposal to levy a new tax on Medicaid and other managed care plans to leverage $4 billion of federal money relies on speculative, temporary revenue to seed permanent spending increases.
Press Release
CBC News
Straight from New Yorkers:
CBC Resident Survey Gives Comprehensive View of Satisfaction with Quality of Life, City Services
March 19, 2024
CBC’s first post-pandemic Resident Survey shows sharp drops in citywide satisfaction ratings from 2017; New Yorkers rate life in their neighborhoods generally higher than citywide quality of life; Adams Administration’s priorities align with those of New Yorkers
Press Release
CBC News
CBC Releases "Target and Tighten: The Sustainable Path for School Aid Growth in New York
March 13, 2024
CBC’s new analysis finds that State school aid has annually increased 6.7 percent over the past three years.
Press Release
CBC News
CBC Submits "Testimony on the New York City Housing Authority and the City’s Preliminary Fiscal Year 2025 Budget"
March 12, 2024
While the agency has made some progress over the past year, it faces several, persistent challenges: a large operating budget gap caused by rising expenses and weakened rent collections; deteriorating physical conditions; and a clear and pressing need to continue improving and modernizing management.
Testimony
Housing
Testimony on the New York City Housing Authority and the City’s Preliminary Fiscal Year 2025 Budget
New York City Council Committee on Public Housing
March 12, 2024
Many critical steps should be taken quickly to stabilize NYCHA’s budget and improve physical conditions.
Press Release
CBC News
CBC Releases "NYS Budget Outlook"
March 07, 2024
CBC’s NYS Budget Outlook finds that the Fiscal Year 2025 Budget is buoyed by higher projected tax receipts, but the additional funds still leave large annual budget gaps and a substantial structural budget gap.
Video
CBC News
92nd Annual Gala
Videos, Photos, and Transcripts
February 29, 2024
CBC's Gala is a must-attend event for New York's business and civic leaders. The Citizens Budget Commission honored John C. Williams, President and CEO of the Federal Reserve Bank of New York, with the Medal for High Civic Service and Daniel L. Doctoroff was honored with the Felix G. Rohatyn Award.