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Video
CBC News
Managing NYC’s Fiscal Crisis
A CBC Mayoral Candidate Forum
February 25, 2021
Managing the City’s fiscal crisis well will be a critically important duty of the next Mayor and a primary determinant of how the city survives the current crisis, and ultimately thrives in the future.Managing NYC’s Fiscal Crisis: A CBC Mayoral Candidate Forum featured a 10-minute conversation with each candidate, in succession, and allowed them to explain their specific plans to manage the crisis, answered targeted questions from CBC on the fiscal feasibility and implications of their proposals, and identified positions on key issues in a lightening round.
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.
Blog
State Budget
What to Look for in the NYS FY 2022 Executive Budget
January 15, 2021
Balancing the fiscal year 2022 budget will require some combination of spending cuts, additional revenues, and other actions
Testimony
Transportation
Public Comment on the Proposed Structure For the Central Business District Tolling Program
Submitted to the Metropolitan Transportation Authority
February 29, 2024
While the Citizens Budget Commission (CBC) has long held the position that there should not be credits for bridge or tunnel crossings, we believe the Traffic Mobility Review Board’s (TMRB) congestion pricing toll recommendations, as a whole, are reasonable.
Report
City Budget
Preliminary Recommendations to NYC Charter Revision Commission
for Improving Finances, Management, and Resident Feedback
June 13, 2024
CBC believes the CRC should focus on recommending changes that are appropriate to the Charter and not local law.
Statement
Transportation
Statement on Congestion Pricing Revenue Alternatives
June 06, 2024
With Governor Hochul's announcement to indefinitely suspend congestion pricing, substitute finance options are being discussed.
Podcast episode
Transportation
800,000, with John Porcari
March 21, 2021
800,000 is the approximate number of daily passengers who travel on Northeast Corridor trains. The only rail link that connects New York and New Jersey is through a 110-year-old tunnel under the Hudson River. The Biden administration has pledged to move forward the Gateway Program―the planned, phased expansion and renovation of the Northeast Corridor rail line, including the aging tunnel. John Porcari, the founding interim Executive Director of the Gateway Development Corporation, joined the podcast to update listeners on the status of this critical infrastructure project.
Report
State Budget
NYS Budget Outlook
Brighter Economy Has Not Closed Gaps; Focus Should Be Spending Restraint, with More Sunshine on Basic Breakouts
March 07, 2024
Continued strength in the economy has improved the tax receipts outlook for the State, but improving tax receipts are not and will not be the entire solution to closing out-year gaps.
Statement
Transportation
Statement on Congestion Pricing
Stay the Course; Critical Needs to Ensure State of Good Repair
June 05, 2024
Congestion pricing is the transit trifecta—providing critical funding for transit, reducing emissions, and easing congestion. We should stay the course.
Blog
Taxes
New Revenues and the Path to Sustainable State Spending
March 07, 2011
Since the onset of the national recession the State has relied more extensively on new revenue measures than on recurring spending cuts.
Podcast episode
City Budget
$5.3 billion, CBC's Mayoral Forum
February 28, 2021
$5.3 billion is the current estimate of the budget gap the next Mayor will have to close in her or his first year. Ben and CBC President Andrew Rein introduce listeners to CBC's mayoral candidates forum "Managing NYC’s Fiscal Crisis" that featured 10-minute conversations with each of eight candidates: Maya Wiley, Kathryn Garcia, Andrew Yang, Dianne Morales, Eric Adams, Ray McGuire, Scott Stringer, and Shaun Donovan. Each candidate presented their plan to manage the crisis, answered targeted questions, and identified positions on key fiscal issues in a lightning round.
Podcast episode
City Budget
$250 billion, CBC's Comptroller Candidate Forum
May 07, 2021
$250 billion—the assets held by the five pensions funds for which the New York City Comptroller is custodian, administrator, and investment advisor. But that's not the Comptroller's only responsibility. On today's special episode of "What's the [DATA] Point?" with an introduction from Ben and Andrew, listeners will hear CBC's "Comptroller Candidate Forum: Accountability, Not Just Accounting," which featured 13-minute conversations with each of six candidates: Brad Lander, Zach Iscol, Brian Benjamin, Michelle Caruso, Cabrera, Corey Johnson, and David Weprin. Each candidate shared how they plan to use the powers of the NYC Comptroller to serve the people of New York.
Statement
Transportation
Statement on Congestion Pricing and Funding Discussions in Albany
June 07, 2024
New York should not vie for the triple crown of bad governing—knee jerk reaction, shortsighted fiscal maneuvers, and a backroom deal outside the budget process.
Blog
Capital Spending
The Dos and Don’ts of PPPs
December 04, 2011
Dos and Don’ts for the use of PPPs, or "P3s" adapted from the CBC's 2008 report, “How Public-Private Partnerships Can Help New York Address Its Infrastructure Needs.”
Blog
Taxes
The Tax Hike’s Silver Lining
December 07, 2011
If the temporary personal income tax hike is the price we pay for long-term reforms that enhance infrastructure, encourage job growth, make the state and local tax system more equitable, and reduce future pension costs, then it is a price worth paying.
Report
City Budget
Getting the Basics Right
Fiscal, Managerial, and Policy Priorities for Recovery, Stability and Prosperity
November 08, 2021
To ensure that New York recovers, stabilizes, and ultimately thrives, the incoming Administration should set and implement fiscal, managerial, and policy priorities that will boost the city’s economy and competitiveness, and provide the services and opportunities necessary for New Yorkers to flourish.
Report
Housing
NYCHA’s Operating Outlook
More Uncertainty Amid Pandemic and Repair Needs
February 03, 2021
While one-time federal aid helped NYCHA cover its COVID costs in 2020, the outlook for 2021 depends on how NYCHA manages challenges it already faces.
Video
State Budget
Conversation with Blake Washington, NYS Budget Director
A CBC Event
February 15, 2024
Blake G. Washington is the Budget Director for the State of New York, and he joined CBC Trustees for an in-depth look at the State’s fiscal picture.
Op Ed
City Budget
New Priorities for Mayor Bloomberg's Third Term
November 15, 2009
CBC President Carol Kellermann outlines the fiscal priorities that need to be addressed by Mayor Michael Bloomberg in his third term in this op-ed published in the Huffington Post.
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.