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Statement
City Budget
Statement on Mayor de Blasio's Preliminary Budget for Fiscal Year 2015
February 12, 2014
The Preliminary Budget for Fiscal Year 2015 contains a double dose of good news: there is more money than had been anticipated, and it will be put to prudent use.
Letter
State Budget
Significant Impacts the Tax Cuts and Jobs Act on the Residents and Revenues of New York State
Letter to Governor Cuomo
March 20, 2018
I write to convey the Citizens Budget Commission’s findings about the significant impacts the Tax Cuts and Jobs Act (TCJA) will have on the residents and revenues of New York City and New York State and recommended steps needed to address these problems.
Letter
Taxes
Significant Impacts the Tax Cuts and Jobs Act on the Residents and Revenues of New York City
Letter to Mayor de Blasio
March 20, 2018
I write to convey the Citizens Budget Commission’s findings about the significant impacts the Tax Cuts and Jobs Act (TCJA) will have on the residents and revenues of New York City and New York State and recommended steps needed to address these problems.
Letter
Pensions & Benefits
CBC Proposes Guidelines for Determination of Health Insurance Savings Between City and MLC
Letter to Commissioner Robert Linn
June 05, 2014
This letter suggests guidelines for effective implementation of the agreement between the City and the Municipal Labor Committee to generate $3.4 billion in health care savings between fiscal years 2015 and 2018.
Blog
Energy & Environment
Commercial Waste Zones
A Green Solution in More Ways Than One
November 07, 2018
The City's plan deserves support.
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.
Blog
Housing
$1.9 Billion More For Affordable Housing, But Plan Lacks Specifics
June 30, 2017
City documents offer few details on how the new funding will be used to enhance different levels of affordability.
Blog
City Budget
Where Do We Go From Here?
Steering New York City’s Finances in Fiscal Year 2015
June 30, 2014
This blog post examines what’s new in the fiscal year 2015 budget and makes recommendations for steering the City’s finances over the next four years.
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.
Press Release
Pensions & Benefits
CBC Issues Report Detailing The Unsustainable And Growing Burden Of New York City's Other Post-Employment Benefit Debt
October 25, 2017
NYC's Other Post-Employment Benefits (OPEB) amounts to $95 billion. New policies should be implemented to reduce the financial burden on future generations.
Testimony
City Budget
Testimony on NYC Fiscal Year 2025 Preliminary Budget
Submitted to the New York City Council Finance Committee
March 04, 2024
CBC’s analysis finds that the Preliminary Budget presents balanced budgets for fiscal years 2024 and 2025 as required by law; however, proposed spending in fiscal year 2025 is short by $3.6 billion needed to continue the current level of services.
Blog
City Budget
The Citywide Savings Program: OMB is Leading and Agencies Should Follow
May 31, 2017
NYC agencies should develop meaningful efforts to streamline operations and improve productivity.
Op Ed
City Budget
Forcing budget discipline on big spender Bill
New York Daily News
May 02, 2018
Last week, Mayor de Blasio released an executive budget detailing $90.8 billion in spending in fiscal year 2019.
Blog
Education
Absent Teacher Reserve Costs $136 Million and Needs Reform
June 14, 2018
Teachers in the Absentee Teacher Reserve (ATR) will cost the City $136 million in this school year. The City should pursue reforms to the ATR, such as a 6-month time limit, in upcoming labor negotiations with the UFT.
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.
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.
Testimony
Housing
Testimony on the NYCHA Physical Needs Assessment
Submitted to the New York City Council Committee on Public Housing
November 15, 2018
NYCHA has an astounding $32 billion in capital needs, a nearly fivefold increase over the last decade. Today nearly all its properties require substantial rehabilitation.
Report
Economic Development
Tax Increment Financing: A Primer
December 05, 2017
This report provides an overview of TIF and a five-point checklist drawn from lessons learned from past projects to help identify potential TIF projects.
Op Ed
City Budget
Taking Control of New York’s Budgetary Future
Vital City
January 25, 2024
Budget season kicked off with an Albany-New York City doubleheader last week, with brightening skies in both places thanks to proactive efforts to cut costs (especially in the city) and a resilient economy that is bringing in higher-than-projected tax receipts.
Report
Capital Spending
Three Ways to Improve the Port Authority's Capital Plan
February 16, 2017
Despite an increase in transparency and accountability, the updated plan remains deficient in three important ways.