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Testimony
Housing
Testimony on the Impact of NYCHA's RAD/PACT Program
Submitted to the City Council Committee on Public Housing
May 03, 2022
The New York City Housing Authority’s (NYCHA) Rental Assistance Demonstration (RAD) and Permanent Affordability Commitment Together (PACT) programs deliver meaningful changes for NYCHA residents, but it alone will not solve NYCHA's capital crisis.
Testimony
City Budget
Testimony on Charter-Defined Budget and Management Practices
Testimony Before the 2019 Charter Revision Commission
March 11, 2019
While many worthwhile ideas will be proposed, CBC believes the Commission should focus on and proposing only those changes essential to the Charter’s purpose
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.
Report
Economic Development
Opportunity Zones In New York State and City
August 20, 2019
The Opportunity Zone program may amount to significant losses for both NYS and NYC before rising substantially in 2029.
Report
Housing
Making the Most of Monitorship
Leveraging the Opportunity to Meet NYCHA's Needs
May 26, 2022
In 2018, after decades of underinvestment and recurring management problems, the New York City Housing Authority (NYCHA) was on the brink of federal receivership.
Press Release
Housing
Working Group to Address Full Capital Needs for NYCHA's Chelsea Developments
The City of New York, Office of the Mayor
October 10, 2019
Mayor de Blasio today announced the creation of a working group to address the future of the Fulton Houses, Elliot-Chelsea, and Chelsea Addition NYCHA developments.
Testimony
Housing
Testimony on State Policies and Housing Development in New York City
November 25, 2019
CBC has long seen housing affordability as a key factor affecting New York City’s long-term competitiveness.
Op Ed
Housing
Build out the NYCHA infill
Use spare land to aid public housing
April 26, 2019
Use spare land to aid public housing
Statement
Housing
CBC Urges Legislature to Pass a Well-Crafted Successor to 421-a and Create NYCHA's Preservation Trust
May 17, 2022
CBC calls on State lawmakers to support two priorities critical to improving the supply, affordability, and quality of New York City’s rental and public housing.
Press Release
Economic Development
Pennsylvania Station Area Civic and Land Use Improvement Project
June 24, 2022
Read more on the outstanding issues that must be addressed for the project to have the maximum and most cost-effective impact for all New Yorkers.
Statement
Taxes
Statement Regarding the New York State Joint Legislative Budget Hearing on Taxes
February 16, 2022
The enacted State budget should allow the business tax increase to sunset and should restrain spending to allow the personal income tax increase to sunset sooner or at least as scheduled.
Report
Housing
Amend it, Don’t End It
Improve 421-a to Spur Rental and Affordable Housing Development
March 15, 2022
Allowing 421-a to lapse would significantly reduce rental housing development, worsen the city’s existing housing supply shortage, and make New York City’s already scarce and costly rental housing scarcer and more expensive.
Testimony
Energy & Environment
Testimony on Renewable Energy and New York City’s Climate Adaptation
Submitted to the New York City Council Committee on Environmental Protection
October 13, 2022
CBC’s work has focused on implementing both the CLCPA and LL97 using the most cost-effective strategies and balancing economic incentives to further these ambitious GHG reduction goals.
Testimony
Energy & Environment
Testimony on the State of New York City Recycling
Submitted to New York City Council Committee on Sanitation and Solid Waste Management
September 20, 2022
Increasing recycling with a focus on cost-effective strategies can deliver both fiscal savings and environmental benefits.
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.
Report
Housing
The Potential for Office-to-Residential Conversions
Lessons from 421-g
December 11, 2022
This brief analyzes how the 421-g program was used and offers lessons for designing a cost-effective program to support office-to-residential conversions in today’s market.
Report
City Budget
$1.1 Billion in NYC Public Leases
Better Management Needed to Control Rising Costs
August 27, 2019
NYC spent more than $1.1 billion to lease space for public facilities and offices—an amount that has grown 40 percent since fiscal year 2014.
Testimony
Transportation
Testimony to the New York State Senate on the Pennsylvania Station Area Civic and Land Use Improvement Project
Submitted to the Senate Standing Committee on Corporations, Authorities and Commissions and the Senate Standing Committee on Finance
June 24, 2022
To ensure the project has the maximum and most cost-effective impact, the plan should be designed and executed well, should be based on appropriate decision making input and authority, and should appropriately leverage City, State, federal, and private resources.
Statement
State Budget
Statement on the New York State Fiscal Year 2023 Budget Agreement
April 07, 2022
The State does not appear to have sufficiently balance priorities between relief and recovery now and protecting future New Yorkers from the next emergency or recession
Testimony
Taxes
Comments on New York City Property Tax Reform
December 04, 2019
The balancing act facing legislators as they consider proposals to reform the property tax is how to increase equity, fairness, and transparency, while maintaining fiscal stability and reliability.