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Press Release
CBC News
CBC Releases New York State Budget Priorities
Fiscal Year 2024
January 30, 2023
CBC has identified 11 fiscal priorities for the State in the forthcoming budget for fiscal year 2024. CBC recommends that the State.
Video
CBC News
A Conversation with NYC Council Speaker Adrienne Adams
A CBC Event
January 23, 2023
Speaker Adams leads the most diverse and first women-majority Council in city history as the body’s first African American Speaker.
Press Release
CBC News
CBC Releases What to Look for in the NYC Fiscal Year 2024 Preliminary Budget
January 11, 2023
CBC's analysis finds that—even absent a recession—gaps could exceed $10 billion in fiscal year 2025 and $11 billion in fiscal year 2026.
Press Release
CBC News
CBC Releases "What to Look for in New York State’s New Year"
January 09, 2023
The State is at a crossroads—decisions made this year will affect New York’s future competitiveness and desirability as a place to live and work.
Video
CBC News
Settling Accounts: Fixing How New York State Budgets
A CBC Event
January 05, 2023
In a half-day event produced in partnership with the Rockefeller Institute of Government, panelists unpack the issues and explore the most important reforms to pursue in the upcoming session and in the long-run.
Letter
State Budget
New York State Should Responsibly Address Serious Fiscal Imbalance
A Letter to Governor Cuomo, Majority Leader Stewart-Cousins, and Speaker Heastie
December 10, 2019
The Citizens Budget Commission welcomes the recognition that the State must immediately address its serious fiscal imbalance.
Video
CBC News
Taking a Look at Foundation Aid
WMHT
December 05, 2019
After months of public roundtables, will state lawmakers move to change the formula that determines aid for public schools? The Times Union’s Rachel Silberstein speaks with three education advocates about why they think it should happen.
Testimony
Taxes
Comments on New York City Property Tax Reform
December 04, 2019
The balancing act facing legislators as they consider proposals to reform the property tax is how to increase equity, fairness, and transparency, while maintaining fiscal stability and reliability.
Video
CBC News
Projected Deficits in NYS Budget
WFXV Eyewitness News
November 26, 2019
A mid-year New York State budget update shows a $6.1 billion gap estimated in Fiscal Year 2021 and even higher deficits projected in the following years.
Press Release
CBC News
Twenty Groups Urge MTA Board to Promptly Appoint Traffic Mobility Review Board and Ensure it Follows Open Meetings Law
November 15, 2019
Twenty groups representing rider, watchdog and industry groups today sent a letter to the MTA Board urging it to promptly appoint the Traffic Mobility Review Board (TMRB) and ensure that body follows the state Open Meetings Law (OML).
Video
CBC News
Breakfast with First Deputy Mayor Dean Fuleihan
A CBC Breakfast Series
November 10, 2019
First Deputy Mayor Dean Fuleihan and CBC President Andrew Rein sat down for a fireside chat to discuss the important issues being addressed by the Administration.
Podcast episode
Taxes
Episode 83: $81.3 billion, with Commissioner Michael Schmidt
October 24, 2019
$81.3 billion the amount of tax revenue New York State will collect in fiscal year 2020—46 percent of all resources in the $176 billion New York State budget. Michael Schmidt, Commissioner of the New York State Department of Taxation and Finance, joined the podcast to parse the details on the State’s tax base and taxation policies.
Blog
Taxes
Personal Income Tax Revenues in New York State and City
August 13, 2019
PIT revenues are a significant - and volatile - part of State and City budgets.
Statement
CBC News
CBC Appoints Denise Richardson Vice President for Research
July 15, 2019
Denise’s deep policy knowledge and decades of experience will build on CBC’s long history of excellence.
Special Feature
City Budget
Facts About The NYC Budget
2019
May 13, 2019
A snapshot of NYC's budget, including projections for spending, headcount, savings, liabilities, and revenue shortfalls in case of a recession.
Blog
Taxes
Follow the Money
The MTA’s New Revenues
April 05, 2019
The NYS Adopted FY 2020 Budget directs three revenue sources to support the MTA. This blog clarifies what the revenue streams are and how they will flow to the lockbox.
Blog
Taxes
Pied-à-Terre Tax
Appealing but Problematic
March 13, 2019
The pied-à-terre tax is appealing politically because it is levied on wealthy people with means to pay and nonresidents who do not vote. Nevertheless, it is problematic for several reasons.
Video
CBC News
Jerome H. Powell
CBC's Annual Awards Dinner
February 28, 2019
CBC's Annual Awards Dinner honoree Jerome H. Powell delivers the keynote address. He is introduced by Stanley Fischer, the former Vice Chair of the Board of Governors of the Federal Reserve System.
Blog
City Budget
NYC Revenues in a Recession
Quantifying the Potential Shortfall
February 26, 2019
The potential shortfall from a recession comparable to the last two recessions could be substantial: between $15 billion and $20 billion below projections over three years.
Blog
State Budget
Don’t Get Too High on Potential Marijuana Revenues
December 13, 2018
There is significant revenue potential from the marijuana industry, but research suggests that many months or years of careful planning precede consistent revenues.