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Letter
Economic Development
Governor Should Sign Bill Authorizing OSC Oversight of LDCs
A Letter to Governor Cuomo
December 18, 2019
CBC urges Governor Cuomo to sign A7476/S5445, which will authorize the Office of the State Comptroller to audit local development corporations.
Report
Economic Development
Raising the REDC Bar
December 17, 2019
This report assesses REDC design and implementation based on best practices identified through case studies of successful local revitalization efforts in the U.S.
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
Housing
Vicki Been, Deputy Mayor for Housing and Economic Development
A CBC Breakfast Series
October 11, 2019
Deputy Mayor Been joined CBC to discuss City housing and economic development policy in a fireside chat with CBC President Andrew Rein.
Report
Economic Development
Opportunity Zones In New York State and City
August 20, 2019
The Opportunity Zone program may amount to significant losses for both NYS and NYC before rising substantially in 2029.
Report
Economic Development
2019 Economic Development Scorecard
New York State Bill Tracker
April 24, 2019
Dozens of bills to expand existing economic development programs and create new ones have been introduced during the legislative session.
Report
Economic Development
10 Billion Reasons to Rethink Economic Development in New York
February 11, 2019
This policy brief updates the Citizens Budget Commission's previous analyses of the cost of New York's state and local economic development programs.
Op Ed
Economic Development
The Smart Money on Amazon
Strengths and weaknesses in the Long Island City deal
November 23, 2018
As New Yorkers search for Black Friday deals, including on Amazon, we are also scrutinizing the deal offered to the retail giant to come to Long Island City.
Video
Taxes
The New York City Property Tax
Problems, Inequities, and Potential Reforms
September 13, 2018
NYC Advisory Commission on Property Tax Reform is charged with recommending reforms to make the NYC property tax fairer, simpler, and more transparent. CBC, the Regional Plan Association, and NYU Wagner convened a panel to discuss the current property tax system and the reforms that should be pursued.
Video
Economic Development
Increasing Transparency and Economic Development Funding
Capital Tonight
September 04, 2018
There's an ongoing debate over the state's use of taxpayer money for economic development efforts, but a lot of investment happens at the local level, through Industrial Development Agencies.
Letter
Economic Development
Veto Ten Bills That Expand Economic Development Programs
A Letter to the Governor
August 14, 2018
The Governor should veto ten bills that would expand the State’s economic development programs. Three of the bills would expand or enrich existing programs, six bills would create a new targeted program, and one bill would create a new broad program.
Letter
Taxes
New York State Should Create an Unincorporated Business Tax
A Letter to the NYS Department of Taxation and Finance
July 26, 2018
A UBT is needed to blunt the impact of federal tax reform; here are CBC's recommendations for designing it.
Video
Economic Development
Friedfel Talks Economic Development Inititatives
Capital Tonight
July 12, 2018
Ten economic development bills passed the state legislature, but CBC says the current programs need to be reformed before anything new is added.
Report
Economic Development
Economic Development Scorecard
2018 New York State Bill Tracker
June 22, 2018
91 bills active in this session would create and expand economic development programs. Until reform is enacted, these bills should be halted.
Report
Economic Development
Economic Development Scorecard
2018 New York State Bill Tracker: May Update
May 08, 2018
New York State’s annual investment in economic development exceeds $4 billion, without sufficient disclosure of how the money is spent and what results are achieved.
Video
Economic Development
Scorecard on economic development programs
Spectrum News
April 27, 2018
On Wednesday, Governor Cuomo outlined plans for the state's eighth annual regional economic development council competition, calling the program a success. But not everyone is convinced the approach is working.
Report
Economic Development
Economic Development Scorecard
2018 New York State Bill Tracker
April 26, 2018
Op Ed
Economic Development
The State Budget Keeps Wasting Economic Development Cash
City & State
April 06, 2018
As the New York state budget was being adopted by the Legislature this weekend, some legislators objected to a $3 million appropriation for an upstate luxury golf tournament deemed to be an economic development initiative.
Op Ed
Transportation
Latest value capture proposal could harm NYC
City taxes should not be diverted to the MTA without local input
March 22, 2018
While value capture makes sense in theory, any such arrangement should be tailored to specific projects and circumstances - with the agreement of the City.
Letter
State Budget
Significant Impacts the Tax Cuts and Jobs Act on the Residents and Revenues of New York State
Letter to Governor Cuomo
March 20, 2018
I write to convey the Citizens Budget Commission’s findings about the significant impacts the Tax Cuts and Jobs Act (TCJA) will have on the residents and revenues of New York City and New York State and recommended steps needed to address these problems.