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Blog
Transportation
Who Pays When “The City” Gives Money to the MTA?
May 05, 2015
Calls for “the City” to provide more funding should be clear about who is really being asked to foot the bill: New York City taxpayers already provide most of the MTA's revenue through the combination of local, regional, and state taxes.
Blog
Housing
Mapping the Mayor's Housing Plan
An Update
September 18, 2017
Following the release of data on fiscal year 2017 fourth quarter housing starts, the CBC has updated its map of housing developments created or preserved under New York City’s Housing New York Plan.
Blog
City Budget
What to Look for in the NYC Preliminary Budget for FY2018
January 23, 2017
The big questions surrounding the release of the FY2018 Preliminary Budget and Ten-Year Capital Strategy
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
City Budget
Can Taxi Medallions Still Be a Billion Dollar Budget Booster?
March 02, 2017
The City of New York expects to generate $1.2 billion in revenue from the sale of new taxi medallions from fiscal years 2019 to 2023; however, increased competition from ride-sharing services has resulted in a significant decrease in the value of medallions. The City should adjust its budget assumptions to reflect this situation, with the most prudent action being removing this revenue from its financial plan until the industry stabilizes.
Blog
City Budget
A PEG by Any Other Name Would Smell as Sweet
April 19, 2015
Mayor de Blasio voices heartfelt interest in finding ways to save money, but he does not want to call it a PEG or put such name in his plan, at least in part because of its identification with prior administrations.
Blog
City Budget
What’s Up With (in) the NYPD Fiscal Year 2023 Executive Budget
May 09, 2022
Compared to the Preliminary Fiscal Year 2023 Budget, the City-funded NYPD operating budget is more than $140 million higher in each year of the plan.
Letter
City Budget
CBC Urges State Legislative Leaders to Reject Proposal to Increase NYC's Borrowing Authority
Letter to the State Legislature
May 31, 2022
CBC urges you to reject the proposal to increase the New York City Transitional Finance Authority’s (TFA) borrowing capacity that is outside of the City’s constitutional debt limit.
Blog
City Budget
Six Fast Facts about the NYPD's Preliminary FY2023 Budget
March 18, 2022
Public safety is a top issue for New Yorkers, and the New York City Police Department (NYPD) budget continues to garner attention and interest.
Blog
Economic Development
Economic Development Bigger in State Budget, But Benefits Unclear
April 15, 2015
Since 2011 New York leaders have restrained growth in the state’s operating budget; in contrast, the scale and scope of questionable economic development programs continue to be expanded significantly. In 2014 state and local spending for these activities totaled $8 billion.
Blog
City Budget
The Record on Reserves
New York City Fiscal Year 2023 Preliminary Budget Reserves
February 28, 2022
While this is a record in dollars, it is not the record as a percent of the City-funded budget.
Blog
City Budget
The Cost of More Cops: A Full Accounting
August 03, 2015
Police officers have a greater budget impact than most other City employees: what's the cost of 1,300 new cops?
Letter
City Budget
CBC Urges City Leaders to Make Substantial Rainy Day Fund Deposit
A Letter to the Mayor and City Council
May 31, 2022
Fiscal preparedness is key to stability and ongoing prosperity; based on prior recessions, the City could face a revenue shortfall totaling $13 billion to $19 billion over three years in the next recession.
Blog
Taxes
How Much to Bank on? When it Comes to Revenue Forecasting, Better Safe Than Sorry
April 12, 2015
What kind of impact could a recession have on New York City's revenues?
Blog
City Budget
Big Budget
NYC’s Adopted FY 2023 Budget—Spending and Growth
June 28, 2022
Adopted City Funds spending next year is $77.6 billion, a $5.5 billion (7.7 percent) increase over fiscal year 2022 and $1.9 billion more than the Executive Budget.
Letter
Education
Letter to Governor Hochul Urging Veto of New York City Class Size Bill
A.10498/S.9460
June 13, 2022
The Citizens Budget Commission urges you to veto A.10498/S.9460, which would set class size limits in New York City public schools.
Blog
City Budget
The New York City Budget Since the Recession
Seven Rounds of Cuts and the Deepest Still to Come
February 06, 2011
Since 2008, Mayor Bloomberg has implemented seven rounds of cuts to find budget savings, and an eight round is likely due to anticipated reductions in State and federal aid.
Blog
City Budget
New York City’s Adopted Budget: Missed Opportunities
July 05, 2011
In adopting the FY2012 budget, City leaders missed the opportunity to address the big-ticket items – health insurance, pensions and debt service – whose unchecked growth will continue to dominate the budget and result in service reductions and layoffs.
Blog
State Budget
Balancing the State Budget – Halfway There, But Running Out of Gas?
December 19, 2011
The Governor should avoid more new taxes as the way to close the rest of the budget gap and instead focus on containing spending growth in Medicaid, pensions, education, and economic development.
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.