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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.
Podcast episode
City Budget
$95 billion, with Dr. Thad Calabrese
October 25, 2017
This episode's datapoint is $95 billion, the current value of all of the future retiree benefits, except pensions, already earned by current retirees and employees of NYC. This amount, referred to as OPEB, or 'Other Post-Employment Benefits,' is primarily the cost of health insurance for NYC employees, their spouses and families. Special guest Dr. Thad Calabrese of NYU, and author of CBC's latest report on this subject, "The Price of Promises Made," gives an in-depth look at the City's OPEB obligations, compare them to those of other cities around the country, and explains why the City should establish more appropriate benefits and funding arrangements.
Report
Pensions & Benefits
The Price of Promises Made
What New York City Should Do About Its $95 Billion OPEB Debt
October 25, 2017
CBC presents options for tackling this looming $95 billion liability threatening New York City's fiscal health.
Blog
City Budget
NYC Resident Feedback Survey: Issues Requiring More Attention from City Government
October 20, 2017
New Yorkers tell us what the biggest issues are requiring the attention of city government. Click to see how your neighbors responded.
Podcast episode
City Budget
1936, with Dr. Gerald Benjamin
October 19, 2017
This episode's datapoint is 1936, as in the last time that voters in New York chose to call a convention to amend the state constitution. It is a question that is mandated to be on the ballot every 20 years, and after it was voted down by voters in 1957, 1977, and 1997, we are again at the 20-year mark here in 2017. Today's special guest is Dr. Gerald Benjamin of SUNY New Paltz, an expert on the constitution and the convention process.
Press Release
Capital Spending
CBC Issues Report Estimating Mario M. Cuomo Bridge Toll Will Double
October 13, 2017
In order to fully fund the cost of construction, CBC estimates that the toll will need to increase to approximately $10.
Press Release
Capital Spending
CBC Issues Report Estimating Mario M. Cuomo Bridge Toll Will Double
October 13, 2017
In order to fully fund the cost of construction, CBC estimates that the toll will need to increase to approximately $10.
Report
Capital Spending
Bridging the Financial Gap
Funding the Governor Mario M. Cuomo Bridge
October 12, 2017
Tolls for the new Governor Mario M. Cuomo Bridge have not been released yet, but based on construction costs, CBC estimates it will be approximately $10 for cars, double the current rate.
Podcast episode
City Budget
60+ years, with Kent Hiteshew and Renee Boicourt
October 12, 2017
This episode's datapoint is "60+," as in the combined years of professional experience of special guests Renee Boicourt and Kent Hiteshew in matters of public finance. Listen to a live recording from CBC's recent event, "Fiscal Crises," where our expert guests discussed lessons learned from the bankruptcy of Detroit and the ongoing crisis in Puerto Rico.
Letter
State Budget
CBC Urges Governor to Veto Expensive Benefit Sweeteners
October 12, 2017
CBC calls on Governor Andrew Cuomo to veto 16 bills that would provide expensive enhancements to government employee and retiree benefits.
Podcast episode
City Budget
4 years, with
October 05, 2017
This episode's datapoint is "4,” as in Bill de Blasio's four years as mayor. Greg David of Crain's New York Business and CUNY Journalism School joined the podcast to discuss his recent investigative piece in Crain's about Mayor de Blasio's performance during his first term.
Podcast episode
City Budget
95, with City Council Member Julissa Ferreras-Copeland
September 28, 2017
95 is the number of days remaining in the second term of City Council Member Julissa Ferreras-Copeland. Julissa is the first woman, first person of color, and the youngest person to chair the Council’s powerful Committee on Finance, which oversees the adoption of the City’s $85 billion annual budget.This past June Julissa announced that she would not seek another term in the Council-- she discussed with us her time in the City Council, especially as finance chair, and more.
Video
Housing
HPD Commissioner Maria Torres-Springer
CBC Breakfast Series
September 21, 2017
CBC Breakfast conversation with NYC Housing and Preservation Development Commissioner Maria Torres-Springer.
Podcast episode
City Budget
77,651, with HPD Commissioner Maria Torres-Springer
September 21, 2017
77,651 is the number of affordable housing units financed thus far in Mayor de Blasio’s 10-year plan to construct or preserve a total of 200,000 affordable units over 10 years. Since the Mayor took office, NYC Housing Preservation & Development (HPD) has overseen the commitment of $2.8 billion for affordable housing, most of it through loans and development programs. HPD Commissioner Maria Torres-Springer joins the podcast to discuss the progress of and challenges to the ambitious Housing New York plan.
Testimony
Energy & Environment
Testimony on Getting to Zero Waste by 2030
Submitted to the NYC Council Committee on Sanitation and Solid Waste Management
September 18, 2017
The plan "One New York: The Plan for a Strong and Just City" set a goal of zero waste by 2030. Though progress has been made, there is a long way to go to achieve cost-efficient waste collection, disposal systems, and operations.
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.
Video
Education
Breakdown of School Spending at Federal, State, Local Levels
Spectrum News
September 12, 2017
Director of State Studies David Friedfel breaks down NYS school spending per pupil by federal, state, and local revenues. Most revenue comes from local property taxes, which is how wealthier school districts are able to spend more while still getting a considerable amount from the state and federal levels.
Podcast episode
City Budget
$66 Billion, with Alex Matthiessen
September 07, 2017
Today’s data point is $66 billion – the amount New York’s school districts received in revenue during the 2015-2016 school year. The state's 674 districts collect an average of $23,635 per student - however, 15 districts surpass this amount, collecting $40,000 per student, while 11 districts fall short, collecting only $11,000 per student.Broken down by revenue source there’s even more variability, with some districts getting less than 5 percent of revenues from the state, while others rely on state funding for more than 80 cents of every dollar they spend.
Dig deeper with CBC's related blog and interactive map at www.cbcny.org
Blog
Education
New York Per Pupil Education Spending is Nation’s Highest
Where Does the Money Come From?
September 07, 2017
Based on the most recent national data, New York spends more per pupil than any other state: $21,206 per pupil compared to the national average of $11,392 as of the 2014-2015 school year.
Podcast episode
City Budget
30%, with Deputy Mayor Richard Buery
August 31, 2017
This week's data point is 30% - the share, based on dollar value, of city contracts to be awarded to minority- and women-owned businesses by fiscal year 2021, according to a goal set by Mayor Bill de Blasio in September 2016. New York City Deputy Mayor Richard Buery joins the podcast to discuss his efforts to meet that goal.