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Testimony
Transportation
Testimony on 2010 MTA Capital Plan
Delivered to State Senate Standing Committees
December 03, 2009
Testimony before the New York State Senate Standing Committees on Corporations, Authorities and Commissions and Investigations and Government Operations on the MTA's 2010-2014 capital plan.
Testimony
Capital Spending
Testimony On Ten-Year Capital Strategy and Capital Budget
Delivered to NY City Council Committee on Finance
May 18, 2015
The Mayor's Ten-Year Capital Strategy totals $83.8 billion- a $30 billion increase from the prior plan. CBC has two main concerns about the Strategy: there is insufficient information available to judge the investments, and the investments will add to the City’s high debt burden.
Testimony
Transportation
Testimony on Challenges Facing the MTA
Submitted to Senate Finance Committee
September 03, 2009
Testimony of CBC President Carol Kellermann to the New York State Senate Finance Committee regarding the critical challenges that will face the MTA in the coming years, including balancing the MTA's operating budget, financing new capital investments, and planning and implementing capital projects.
Statement
Transportation
Statement on MTA Funding Agreement
October 09, 2015
The announcement of an agreement for funding the MTA’s 2015-2019 capital plan is an important step in maintaining and enhancing the region’s most vital transportation assets. However, additional steps must be taken.
Blog
Capital Spending
When Will the Capital Budget Cuts Really Arrive?
December 09, 2010
Failure to impose fiscal austerity on the infrastructure agenda is evident in growing levels of capital commitments.
Blog
Capital Spending
New York City Capital Spending: A Retrospective
April 21, 2010
Analyzes the impact of capital investments under Mayor Bloomberg.
Blog
Transportation
Who Pays When “The City” Gives Money to the MTA?
May 05, 2015
Calls for “the City” to provide more funding should be clear about who is really being asked to foot the bill: New York City taxpayers already provide most of the MTA's revenue through the combination of local, regional, and state taxes.
Blog
City Budget
Delaying the Pain
The truth about cost-cutting in New York City's November Plan
December 15, 2010
A closer look at the City November 2011 savings plan reveals two notable points: Nearly two-thirds consists of new revenue, and expenditure cuts are modest, although health, welfare, libraries and cultural institutions bear most of the burden.
Video
City Budget
New York City Budget Microscope
The Bond Buyer
February 21, 2015
Maria Doulis breaks down New York City's $78 billion budget and $84 billion, 10-year capital plan, with the Bond Buyer.
Blog
Capital Spending
Mind the Gap
Funding Repair and Maintenance of New York City Infrastructure
July 26, 2010
Past neglect has created a need for nearly $5.6 billion in repair of existing facilities in New York City in order to bring them to satisfactory condition, known as a "state of good repair." Yet the City's capital budget allocates only about half, with the gap especially large for streets, hospitals, and parks.
Blog
Transportation
Why We Should Go Slow on the Second Avenue Subway
November 03, 2015
Why delaying plans for the second phase of the Second Avenue subway is sensible.
Testimony
City Budget
Testimony to the NYC Council Finance Committee on FY 2011 Executive Budget
June 07, 2010
As the City begins a fragile economic recovery, this financial plan presents a crucial opportunity to take actions that will place the City on a firmer fiscal footing and ensure its competitiveness for the long-term.
Report
Energy & Environment
A Better Way to Pay for Solid Waste Management
February 05, 2015
This policy brief explores a new financing method for residential solid waste removal by the Department of Sanitation: a volume-based garbage fee. The four main benefits include: 1) service cost visibility, 2) waste reduction, 3) independent access to capital, and 4) fairness.
Special Feature
City Budget
Facts About the NYC Budget
2015
October 14, 2015
Facts about the NYC budget in 2015, focusing on recession risk and citywide savings plan.
Blog
City Budget
A PEG by Any Other Name Would Smell as Sweet
April 19, 2015
Mayor de Blasio voices heartfelt interest in finding ways to save money, but he does not want to call it a PEG or put such name in his plan, at least in part because of its identification with prior administrations.
Letter
City Budget
CBC Proposes a New Fiscal Strategy for the City's FY2010 Budget
June 10, 2009
This letter to the mayor, speaker, and chairman of the finance committee outlines four key elements of a new fiscal strategy that would address the structural imbalance in the City's budget due to the ongoing recession.
Report
Housing
Cleaning House
How to Close the New York City Housing Authority's Operating Gaps
April 29, 2015
This report identifies the reasons for NYCHA's operating deficits in the last decade - insufficent operating subsidies, low rent collections, low nonrental income and high operating costs - and offers recommendations to increase revenues, curb expenses and improve productivity in order to eliminate NYCHA's projected $150 million deficit and improve conditions for its residents.
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.
Blog
City Budget
The City’s FY 2011 Budget: The Buck Stops Here
July 12, 2010
With significant budget gaps looming in the outyears and the end of nearly a decade of multi-billion dollar surpluses, it is disappointing that more has not been done to lower spending.
Report
Pensions & Benefits
Six-Figure Civil Servants
Average Compensation Cost Of New York City Public Employees
January 08, 2009
In fiscal year 2008, the average compensation cost per New York City full-time employee was $106,743; this figure represents a system out of sync with the private sector and an opportunity to limit the growth of the City’s liability in the future while continuing to provide fair and adequate compensation to the City’s employees. Three factors that have driven the growth in compensation among City employees are: 1) Pay increases are directly attributable to contract settlements with unions; 2) More generous terms of the health insurance benefits offered by the City, as compared to the private sector and other state and local governments; and 3) The benefit retirement plans offered by the City that lock in the City’s future payouts to retirees based on the employee’s pay, years of employment and age at retirement among other factors. CBC offers three recommendations in response to these factors.