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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.
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.
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.
Statement
Pensions & Benefits
Statement on Proposed Tier 6 Benefit Sweetener as Part of State’s Fiscal Year 2025 Budget
March 27, 2024
The proposed change to Tier 6 pension benefits, which will cost the State and local governments in New York nearly $400 million per year, is unnecessary, expensive, and should be rejected.
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 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.
Press Release
CBC News
Spotlight on Spending
PEG Cancelation Makes City Budget Transparency More Critical; State Should Continue to Level Off Spending Growth
February 22, 2024
When it comes to government spending, New York’s trajectory over the past several years is precariously on-brand with the “Excelsior” state motto.
Press Release
CBC News
CBC Releases "Top of the Charts"
February 13, 2024
Based on the most recent available national data, New York and its localities are at the top of the chart in taxes and are #2 in spending.
Press Release
CBC News
CBC Releases "Don’t Step Off the Cliff"
February 08, 2024
CBC’s “Don’t Step Off the Cliff” reveals that fiscal year 2025 planned spending is $3.6 billion short of what would be needed to fund the current level of programs and expenses.
Press Release
CBC News
CBC Releases "Facing Tough Challenges: What to Look for in New York State's Fiscal Year 2025 Budget
January 11, 2024
CBC’s “What to Look for...” zeroes in on the important questions whose answers will reveal if the proposal is righting the fiscal ship and dealing with the pressing policy issues key to New York’s stable and competitive future.
Press Release
CBC News
CBC Releases "Unpacking the PEG: Examining the Impact of the NYC November 2023 Financial Plan Savings"
January 10, 2024
Mayor Eric Adams latest round of spending reductions only moderately affects direct services to New Yorkers and chips away at the City’s massive and still-troubling budget gaps.
Blog
Pensions & Benefits
Giving Credit Where It’s Due? New York City’s $1.3 Billion in Health Insurance Savings
December 28, 2014
In its recent mid-year budget modification the de Blasio administration credited a coalition of municipal employee unions with achieving $1.3 billion in savings in the City’s employee and retiree health insurance costs. Yet the unions have not agreed to any changes in the plan, and the City and the unions have taken no actions to reduce costs. How can this be?
Blog
Pensions & Benefits
LIRR Pension Fraud Could Happen Again
August 04, 2014
Summarizes findings from a GAO report indicating the federal agency administering disability pensions for those workers had not done enough to prevent a repeat of a widespread fraud scheme by LIRR employees uncovered in 2008.
Blog
Pensions & Benefits
Five Benefit Sweeteners Pass in State Legislature
June 19, 2014
Five bills on CBC’s Benefit Sweetener Scorecard have passed both houses of the State Legislature in 2014. These bills are highlighted in red on the Scorecard.
Blog
Pensions & Benefits
Benefit Sweeteners on the Move in State Legislature
June 15, 2014
Last week five bills on CBC’s Benefit Sweetener Scorecard passed one house of the State Legislature. The most expensive bill (A7862/S5644) was passed in the Senate and would increase pension benefits for SUNY police officers to half-pay after 25 years.
Statement
Pensions & Benefits
Statement on Commissioner Linn's Response to CBC Letter on NYC Health Agreement With the MLC
June 09, 2014
The CBC appreciates receiving Commissioner Linn’s response to CBC President Carol Kellermann’s letter relating to potential savings from health insurance reforms under the recent agreement with the Municipal Labor Committee.
Blog
Pensions & Benefits
An Expensive Pension Enhancement Bill is on the Move
June 08, 2014
About the bill to increase disability pension benefits for police officers hired after July 1, 2009, when a more financially sustainable “Tier III” plan went into effect.