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Letter
Economic Development
Governor Should Sign Bill Authorizing OSC Oversight of LDCs
A Letter to Governor Cuomo
December 18, 2019
CBC urges Governor Cuomo to sign A7476/S5445, which will authorize the Office of the State Comptroller to audit local development corporations.
Letter
State Budget
New York State Should Responsibly Address Serious Fiscal Imbalance
A Letter to Governor Cuomo, Majority Leader Stewart-Cousins, and Speaker Heastie
December 10, 2019
The Citizens Budget Commission welcomes the recognition that the State must immediately address its serious fiscal imbalance.
Letter
Capital Spending
CBC Urges Governor to Authorize Design-Build for NYC Agencies
November 27, 2019
CBC urges Governor Cuomo to sign A7636B/S6293A, which would authorize NYC to use design-build and other innovative capital procurement methods.
Letter
Capital Spending
CBC Urges Governor to Sign A4880/S1673 to Improve Capital Planning
A Letter to the Governor
November 11, 2019
The CBC recommends that the Governor sign A4880/S1673, which would improve capital planning for transportation infrastructure in New York State.
Video
Housing
Vicki Been, Deputy Mayor for Housing and Economic Development
A CBC Breakfast Series
October 11, 2019
Deputy Mayor Been joined CBC to discuss City housing and economic development policy in a fireside chat with CBC President Andrew Rein.
Blog
Taxes
Personal Income Tax Revenues in New York State and City
August 13, 2019
PIT revenues are a significant - and volatile - part of State and City budgets.
Blog
Economic Development
Governor Cuomo Should Veto 3 Economic Development Bills
2019 Economic Development Scorecard
July 09, 2019
Three bills to create new economic development programs or expand existing programs passed both houses during the 2019 legislative session. The Governor should veto all three bills.
Blog
Capital Spending
Don’t Pass the Capital Pork
June 07, 2019
Like most other spending decisions, capital spending is best decided during budget negotiations.
Blog
Economic Development
6 New Bills Added to Economic Development Scorecard
June 06, 2019
Dozens of bills to expand existing economic development programs and create new ones have been introduced during the legislative session.
Blog
Economic Development
NYS Legislature Introduces 61 Economic Development Bills
April 24, 2019
Dozens of bills to expand existing economic development programs and create new ones have been introduced during the legislative session.
Blog
Taxes
Follow the Money
The MTA’s New Revenues
April 05, 2019
The NYS Adopted FY 2020 Budget directs three revenue sources to support the MTA. This blog clarifies what the revenue streams are and how they will flow to the lockbox.
Letter
City Budget
Testimony Follow up: Letter to the Charter Revision Commission
Borough President Capital Budget Role
March 26, 2019
CBC's proposal to focus the Borough President capital budget role on identifying needs and providing recommendations.
Blog
Taxes
Pied-à-Terre Tax
Appealing but Problematic
March 13, 2019
The pied-à-terre tax is appealing politically because it is levied on wealthy people with means to pay and nonresidents who do not vote. Nevertheless, it is problematic for several reasons.
Blog
City Budget
NYC Revenues in a Recession
Quantifying the Potential Shortfall
February 26, 2019
The potential shortfall from a recession comparable to the last two recessions could be substantial: between $15 billion and $20 billion below projections over three years.
Video
City Budget
Tax Revenue Panel
The Most Important Economic and Fiscal Decisions Facing the Next Mayor
December 06, 2013
This panel discusses options to reform and increase the property tax; and the impact of tax levels on residential and business location decisions.
Video
Economic Development
Economic Development Panel
The Most Important Economic and Fiscal Decisions Facing the Next Mayor
December 06, 2013
This presentation and panel discuss economic development in New York City since 2000, with a focus on the City's relative economic performance, the broad range of activities of the Economic Development Corporation, and the effectiveness of development strategies.
Video
Capital Spending
Capital and Debt Panel
The Most Important Economic and Fiscal Decisions Facing the Next Mayor Conference
December 06, 2013
The next mayor will be constrained by a high debt burden that will require restraining capital spending. What principles should the next administration use to devise a long-term capital plan?
Letter
Taxes
CBC Recommendations to the New York State Tax Relief Commission
November 26, 2013
This letter to the NYS Tax Relief Commission includes cautions about the State's ability to commit to large new property tax relief programs, and recommendations for providing better relief with the $4 billion the State spends on current programs.
Blog
Taxes
Good Ideas in Tax Commission Report
November 14, 2013
The State Tax Reform and Fairness Commission contains many smart proposals, including reducing exemptions from the sales tax and reforming business tax incentives.
Blog
Capital Spending
How Much, and for What?
May 21, 2013
Reviews the $54 billion Ten-Year Capital Strategy; the next mayor will have to make difficult trade-offs between competing priorities while ensuring the city’s debt does not become unaffordable.