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Blog
City Budget
A Budget Baker’s Dozen
13 Questions to Ask About NYC’s Preliminary Budget for Fiscal Year 2023
February 10, 2022
Mayor Adams’ first Preliminary Budget will provide an important opportunity to see how he intends to “get stuff done,” root out “waste, fraud, and abuse,” and promote a “People’s Plan.”
Blog
State Budget
Stop the Wishful Thinking about a New York State Mid-Year “Surplus”
August 22, 2011
Talk of a surplus and using it for new initiatives should end immediately.
Statement
Housing
Statement in Regard to the New York State Joint Legislative Budget Hearing on Housing
January 31, 2022
We are pleased that the Governor’s Fiscal Year 2023 Executive Budget included several proposals to encourage the production of more housing.
Report
Transportation
How To Balance the MTA's Budget
June 27, 2006
In order for New York to maintain a strong and vibrant economy, its transportation system has to be kept up to par and expanded to meet future needs. This report examines the two problems and suggests alternative financing policies for the MTA that would balance its operating budget and provide sufficient capital to accelerate the pace at which its facilities are brought to a state of good repair.
Statement
City Budget
Statement on the New York City Fiscal Year 2023 Executive Budget
April 26, 2022
The Executive Budget takes some positive steps but focuses more on spending, nearly to the exclusion of the savings and efficiency needed to shore up the City’s fiscal house.
Report
State Budget
Accounting (and More) for a Better Budget
Strategies to Improve New York State Budgeting and Fiscal Management
December 20, 2022
It is critically important that the State’s budget and fiscal management processes be improved to enable better decision-making, outcomes, and accountability.
Statement
State Budget
Statement on the New York State Fiscal Year 2023 Budget Agreement
April 07, 2022
The State does not appear to have sufficiently balance priorities between relief and recovery now and protecting future New Yorkers from the next emergency or recession
Press Release
CBC News
Marissa Shorenstein Nominated to be Next Chair of the Citizens Budget Commission
September 08, 2022
Today, the CBC Executive Committee announced it has nominated Marissa Shorenstein to succeed Walter Harris as Chair of CBC.
Blog
Pensions & Benefits
School Districts Savings by Following State Practices for Employee Health Insurance
February 01, 2011
Negotiating increases in premium sharing with school employee unions would provide immediate savings and reduce future costs.
Press Release
CBC News
CBC Promotes Ana Champeny to Vice President for Research
May 23, 2022
I am thrilled to announce the promotion of Ana Champeny to Vice President for Research. Ana is one of the foremost experts on New York City’s finances generally, and has an outstandingly deep understanding of the City’s real estate markets and property taxes.
Op Ed
State Budget
Getting Our Money’s Worth from N.Y.
New York Daily News
November 29, 2022
With the election behind us, Gov. Hochul and the Legislature can now focus squarely on policies and programs that will shape the state’s future.
Video
CBC News
Conversation with First Deputy Mayor Lorraine Grillo
A CBC Event
April 20, 2022
Lorraine Grillo is the First Deputy Mayor of the City of New York, appointed by Mayor Eric Adams.
Press Release
CBC News
Marissa Shorenstein Nominated to be Next Chair of the Citizens Budget Commission
September 08, 2022
Today, the CBC Executive Committee announced it has nominated Marissa Shorenstein to succeed Walter Harris as Chair of CBC.
Statement
Transportation
Statement on NYC Ferry Forward Plan
July 14, 2022
The Adams Administration plans to take some important, positive steps to improve the finances and transparency of NYC Ferry.
Testimony
Health Care
Testimony on Reforming Medicaid
Submitted to the NY State Medicaid Redesign Team
January 28, 2011
Savings can be achieved without denying needed care to low income New Yorkers through three strategies: (1) reducing non‐competitive rates paid to institutional providers; (2) rationalizing utilization of services; (3) tightening eligibility rules and practices to curb the misuse of Medicaid by middle and higher income families for long‐term care.
Op Ed
City Budget
NYC Faces Fiscal Disaster If Officials Think They Can Do It All
City & State
April 21, 2022
The choices made, along with the outcomes of city labor negotiations, will reverberate for years to come.
Statement
State Budget
Statement on New York State Fiscal Year 2023 Budget Delay
April 04, 2022
Delays and lack of time for public and legislative review diminishes public accountability and New Yorkers’ confidence that their government can fulfill its obligations well
Statement
City Budget
Statement on the New York City Fiscal Year 2023 Budget Agreement
June 10, 2022
While the budget funds priorities and takes some steps to save for a future recession and stabilize the budget, it misses the opportunity to make a substantially higher RDF deposit and massively increases spending to a level not sustainable over time with City revenues.
Blog
City Budget
Resist the Temptation
March 22, 2011
It would be imprudent and short-sighted to avoid FY2012 budget cuts making additional withdrawals from the retiree health insurance trust fund.