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Blog
City Budget
Clear as Day
New York City Needs a Rainy Day Fund
April 15, 2020
While the City will have to address the current crisis with the tools and resources at hand, now is the perfect time for State and City leaders to do what it takes to get it right for next time.
Statement
City Budget
CBC Calls for Greater Savings to Address Looming NYC Budget Gap
March 24, 2020
Responding to the pandemic and the economic crisis it has triggered will have a significant impact on NYC’s finances in both the near and long term.
Special Feature
City Budget
Spare Change
Citywide Savings Plan Should Include Greater Efficiency Savings
March 09, 2020
Budget savings from greater efficiency in City government amount to spare change.
Op Ed
State Budget
Let’s have some fiscal emergency preparedness, New York
New York Daily News
March 02, 2020
As we have watched the stock market drop and serious concerns about the coronavirus mount, we budget watchdogs predictably have started to worry.
Blog
Public Workforce
TWU Contract
Productivity Not a Done Deal
February 18, 2020
The agreements should include greater savings, including workrule changes, to offset the impact of these increased costs.
Podcast episode
City Budget
2020, with Alyssa Katz and Laura Nahmias
February 14, 2020
2020. Welcome to the new decade! It’s Andrew Cuomo’s 10th year as Governor, Bill de Blasio’s 7th year as Mayor, and it promises to be a busy year in New York politics. Alyssa Katz of The City and Laura Nahmias of the Daily News Editorial Board discuss policy priorities as the State and City legislative sessions begin.
Blog
City Budget
Peeking Behind the Curtain
Understanding How Policies, Priorities, Prices, and Mandates Increase NYC Spending
January 28, 2020
Spending is up by almost $20 billion. Here's where it went.
Podcast episode
City Budget
Episode 87: 7 days, with Andrew Rein
January 22, 2020
7 days since the start of budget season, which commenced this year with the New York City Preliminary Budget released on January 16th. The State Budget, released just yesterday, may have a significant impact on the City’s finances this year: with the State facing a large budget gap, the Executive Budget proposes reorganizing school aid formulas and restructuring the local obligation with respect to Medicaid funding. CBC President Andrew Rein joins the pod.
Statement
City Budget
Statement on the NYC Fiscal Year 2021 Preliminary Budget
January 16, 2020
The budget presented today holds the line on new spending programs. However, it misses the opportunity to further improve the City’s preparedness for looming risk.
Report
Housing
Rent and Ride
Affordability is About Both
January 13, 2020
While housing is the largest share of spending for most households, a more robust picture of affordability also should include transportation costs.
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.
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
Pensions & Benefits
What is OPEB and Why Does it Cost $9.4 Billion?
December 05, 2010
The true cost of retiree health insurance and "other postemployment benefits," or OPEB, was $9.4 billion in fiscal year 2010. Why it cost so much and what should be done about it.
Blog
Public Workforce
A Closer Look at Paterson's Proposed Layoffs
October 31, 2010
Review Governor Paterson's plan to lay off state workers and allow additional positions to be vacated.
Report
Pensions & Benefits
8 Things New Yorkers Should Know About Public Retirement Benefits in New York State
October 19, 2010
This report presents eight facts about retirement benefits for New York State and local employees intended to stimulate a substantive discourse on pursuing changes to prevent underfunding of the pension systems and to make retirement benefits more fair and affordable.
Letter
City Budget
CBC Urges Gov. Cuomo to Veto Arbitrary Training Mandate for Firefighters
September 29, 2010
CBC recommends to the governor that A9885/S6784, which mandates that New York City firefighters be provided an additional 80 hours of training on the Buildings and Fire Codes, be vetoed because it is an arbitrary addition to existing preparation that is unnecessary and financially burdensome.
Report
Pensions & Benefits
Better Benefits from our Billion Bucks
August 02, 2010
This report describes the organization and financing of the union welfare funds, identifies and documents three problems with the current arrangements – limited accountability, poor financial management and inefficient provision of benefits - and presents recommendations to improve the use of these payments and provide taxpayer savings.
Testimony
City Budget
Testimony to the New York City Charter Revision Commission
August 02, 2010
CBC submits this testimony to express our opposition to granting charter-mandated formula budgets to certain City offices, as doing so would be fiscally imprudent and would undermine the long-established process by which the Mayor and the City Council establish budget priorities as elected representatives.
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
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.