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Podcast episode
City Budget
$31.8 billion, with Sean Campion
July 19, 2018
$31.8 billion is the amount required to repair NYCHA's public housing units over the next five years. CBC Senior Research Associate Sean Campion discuss the findings and recommendations of CBC's recent report on NYCHA's capital needs and explains how NYCHA got into such a deep hole and and how it can start to dig out.
Report
Transportation
Swimming in Subsidies
The High Cost of NYC Ferry
March 28, 2019
NYC Ferry serves more than 4 million passengers at a high level of operating subsidy: $10.73 per ride, 10 times that of the New York City Transit.
Podcast episode
City Budget
$3.2 billion, with James Patchett
January 12, 2018
$3.2 billion -- how much New York City spent on economic development in 2016, including tax expenditures, operating costs, and capital spending.NYCEDC President and CEO James Patchett joins the podcast to discuss the City's development strategy, tax breaks, NYC Ferry and the BQX project.
Statement
City Budget
CBC Statement on NYC FY19 Preliminary Budget: Wait and See All Over Again
February 01, 2018
Before the going gets tough, the Mayor should get going by limiting spending growth, bolstering the savings plan, and adding to reserves
Blog
City Budget
PEGging Efficiency:
More Savings Needed Under Mayor de Blasio
March 05, 2018
Find out how Mayor de Blasio's savings plan stacks up against the savings found in Mayor Bloomberg's last three preliminary budgets.
Blog
City Budget
A Budget Strategy for Mayor de Blasio's Second Term
January 29, 2018
Four strategies to help Mayor de Basio think through budgeting in his second term.
Podcast episode
City Budget
90%, with NYCHA Interim Chair & CEO Stanley Brezenoff
October 19, 2018
90% is the share of NYCHA units CBC estimates may not be cost effective to repair by 2027 under the current trajectory of deterioration. NYCHA Interim Chair and CEO Stan Brezenoff joined CBC to discuss the policy and funding challenges facing NYCHA, and how he plans to tackle key areas in desperate need of improvement.
Podcast episode
City Budget
$418 million, with Dana Rubinstein
February 15, 2018
$418 million is the amount Governor Andrew Cuomo wants New York City to commit to the Subway Action Plan, the emergency plan to address repairs to the distressed subway system. Politico NY senior reporter Dana Rubinstein discusses this and other pressing transit issues.
Blog
Energy & Environment
Commercial Waste Zones
A Green Solution in More Ways Than One
November 07, 2018
The City's plan deserves support.
Blog
City Budget
NYC Adopted Budget Falls Short
June 26, 2018
On June 14, 2018 the New York City Council adopted the Fiscal Year 2019 Budget. Given strong economic growth and some higher than expected tax revenue generated by federal tax reform, the ample resources allowed Mayor Bill de Blasio and the Council to come to a deal quickly.
Podcast episode
City Budget
75%, with Marisa Lago
June 29, 2018
75% is the share of jobs gained since the recession in the NYC metropolitan region that were created in New York City, a datapoint revealed in a forthcoming report from the Department of City Planning. Marisa Lago, Director of the Department and Chair of the City Planning Commission, joined CBC to discuss some of the report's findings as well as neighborhood revitalization, housing affordability, and resiliency and sustainability.
Blog
City Budget
Why the Latest PEG Is Not Likely to Be the Last in NYC's Budget
December 05, 2012
This blog explains why a savings plan, known as the "PEG" is necessary in the Nov 2013 NYC budget modification, examines the savings, and offers broader perspective on the city's fiscal challenges.
Video
Health Care
Dr. Mitchell Katz, President & CEO of NYC Health + Hospitals
CBC Breakfast Series
April 01, 2019
Dr. Mitchell Katz joined CBC to discuss his transformation plan to improve H+H's fiscal stability.
Testimony
City Budget
Testimony Before the 2019 Charter Revision Commission
May 09, 2019
CBC recommends this Commission exercise caution when proposing changes to the City’s fiscal management structures and processes.
Report
Pensions & Benefits
The First Priority in the New Year – Pension Reform
January 10, 2012
This brief examines pension cost growth in New York State and its effect on the New York's competitiveness. It recommends the adoption of a new tier of pension plans known as the Tier VI Proposal.
Blog
City Budget
NYC Budget to Absorb $1 Billion in Additional Spending Due to State Actions
April 23, 2018
The upcoming City budget will have to contend with some sizable impacts from the recently-enacted State budget.
Blog
City Budget
PEGging It Right
Guidelines for the PEG Process
March 05, 2019
For the first time since taking office, Mayor Bill de Blasio has announced plans to implement a Program to Eliminate the Gap (PEG), which requires agencies to generate savings through expense reductions or revenue enhancements. The de Blasio administration previously eschewed PEGs in favor of Citywide Savings Plans (CSPs); in contrast to the PEG, agency participation in the CSP was voluntary. Pursuing a PEG presents both a challenge and an opportunity. This blog proposes three guidelines for the process: 1) identify significantly more than $750 million in savings, 2) encourage recurring savings through efficiency, and 3) follow agencies’ leads.
Podcast episode
City Budget
Episode 71: 1,112,975, with Dr. Mitchell Katz
April 04, 2019
1,112,975 is the number of unique patients served by NYC Health + Hospitals in FY 2018. H+H is under fiscal pressure and projects cash loses in future years. Dr. Mitchell Katz joined the podcast to discuss his transformation plan to improve H+H's fiscal stability.
Report
Health Care
A Troubling Prognosis for HHC's Finances
April 23, 2012
This report assesses New York City Health and Hospitals Corporation's (HHC) critical role within the health care safety net protecting lower income New Yorkers, and it explores two significant fiscal challenges in the coming years: threats to City-supported revenues and an inadequate gap-closing plan.
Podcast episode
City Budget
$17 billion, with Jamison Dague
August 07, 2018
$17 billion is the preliminary budget for the Metropolitan Transportation Authority in 2019, an increase of 2.1% from 2018. CBC's Director of Infrastructure Studies Jamison Dague breaks down the preliminary budget and discusses looming risks, such as subway car reliability and progress of the various "action plans" put in place this year.