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Report
City Budget
Checklist for NYC Fiscal Year 2025 Budget Adoption
Strengthening the City’s Fiscal Health and Competitiveness
May 22, 2024
The City Council will wrap up its Fiscal Year 2025 Executive Budget hearings this week, kicking Administration and Council budget negotiations into high gear.
Report
Education
Did You Know?
NYC Department of Education Edition
May 15, 2024
The New York City Executive Budget proposes to increase Department of Education (DOE) City-funded spending 10.2 percent, or $2.1 billion, in fiscal year 2025.
Report
City Budget
Real Numbers, Real Choices
Recommendations for a Clearer Fiscal View in the NYC Executive Budget
April 18, 2024
New York City’s long-run fiscal stability is precarious, and its short-term prospects are uncertain. Major causes of this uncertainty are revenue estimates that may be unreasonably conservative and spending estimates for current programs that are alarmingly understated.
Report
City Budget
Setting the Right Ceiling
Rethinking the City’s Debt Limits and Capital Process
April 03, 2024
New York City has requested that the State raise the City’s debt limit—the maximum amount of the long-term debt the City can have outstanding—by $18.5 billion.
Report
City Budget
Straight from New Yorkers
CBC Resident Survey Gives Comprehensive View of Satisfaction with Core City Services, Quality of Life
March 19, 2024
The CBC 2023 Resident Survey provides the most comprehensive, statistically valid, post-pandemic view into how New Yorkers feel about the City’s quality of life and how they rate City government services.
Report
Education
Target and Tighten
The Sustainable Path for School Aid Growth in New York
March 13, 2024
The State’s burgeoning SOF spending has widened budget gaps. Spending restraint is needed to close those gaps, and that will only be accomplished by limiting growth in school aid, which is nearly 30 percent of SOF spending.
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.
Report
City Budget
NYC's Already High Spending Keeps Climbing
February 22, 2024
Despite the pandemic, recession, and multiple rounds of PEGs, City-funded spending is slated to increase 22.6 percent between fiscal years 2019 and 2025.
Report
State Budget
Top of the Charts
New York and Its Localities Were #1 in Taxes and #2 in Spending
February 13, 2024
New York does not exist in a vacuum. It competes with other places, and other jurisdictions’ experiences provide an important perspective on the different choices that are being made.
Report
City Budget
Don’t Step Off the Cliff
Fiscal Cliffs and Budget Gaps in New York City’s Fiscal Year 2025 Preliminary Budget
February 08, 2024
To balance the fiscal year 2025 budget while also ensuring projected spending fully supports all planned programs, the City should implement an additional PEG in the Executive Budget and shrink or eliminate programs that the available resources cannot fully support.
Report
City Budget
Unpacking the PEG
Examining the Impact of the NYC November 2023 Financial Plan Savings
January 10, 2024
Agencies should continue to identify efficiency savings that do not affect critical program services.
Video
CBC News
A Conversation with SUNY Chancellor Dr. Jim Malatras
December 08, 2020
Chancellor Malatras discussed his work with the Governor to mitigate the pandemic, his vision for SUNY, and how it is responding to the pandemic.
Video
CBC News
Conversation with Dr. Thomas R. Frieden
A CBC Event
October 29, 2020
Dr. Tom Frieden joined CBC to discuss COVID-19 and what leaders can do to promote a safe, healthy and prosperous future.
Report
Public Workforce
How to Make $1 Billion in Labor Savings Real & Recurring
September 02, 2020
As the City faces the worst fiscal crisis in generations, municipal workers are also facing the dire prospect of layoffs.
Report
Housing
Strategies to Boost Housing Production in the New York City Metropolitan Area
August 26, 2020
Building more housing for every type of household can help make the New York region more affordable and competitive for generations to come.
Video
CBC News
CBCNY to New York State: "Delaying Budget Cuts Will Only Create More Problems"
Spectrum News
August 18, 2020
David Friedfel, the director of State Studies for the Citizens Budget Commission (CBCNY), told Capital Tonight host Susan Arbetter that the longer the state waits to make cuts to the budget, the more painful those decisions will become.
Video
CBC News
Faced with Dwindling Bail Out Options, de Blasio Threatens Layoffs
Spectrum News
August 13, 2020
"The city pays the full premium for employees, retirees and their families. It's a deal that no other New Yorker in the private sector has," said Maria Doulis, vice-president at the Citizens Budget Commission. "Getting together around items like that can preserve jobs for public workers and preserve services for New Yorkers in general."
Report
City Budget
Hard Choices That Can Balance New York City's Budget
June 10, 2020
By making the right hard choices the City can balance the budget without resorting to long-term borrowing, layoffs, service cuts, or tax increases.
Video
CBC News
Sages of the Ages
Lessons from Past Fiscal Crises and Perspectives on the Present
June 02, 2020
CBC hosted a special panel discussion of prominent fiscal experts who helped New York overcome some of the most dire crises of the past. They provided insights and lessons from past experiences to help us understand and navigate the looming crisis.
Video
CBC News
Focus Shifts to Reopening NYC
WNBC News 4 New York
May 28, 2020
Since de Blasio took office, he has expanded the City budget by about $20 billion, and he now estimates the pandemic blew a $9 billion hole in this year's budget.