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Special Feature
City Budget
Did You Know?
NYC FY 2025 Executive Budget Edition: Spending Growth [1]
May 01, 2024
The NYC Fiscal Year 2025 Executive Budget proposes to increase City-funded spending 6.3 percent, or $5.2 billion, from fiscal year 2024 to fiscal year 2025.
Statement
City Budget
Underbudgeting Still Clouds City’s Fiscal Picture, Even with Expanding Economy
April 24, 2024
While an expanding economy brightens the revenue outlook, low-balled expenditures still cloud the City’s fiscal picture.
Special Feature
City Budget
FAQ NYC: ‘Don’t Fudge It in the Budget’
The CITY's Podcast
April 22, 2024
Citizens Budget Commission President Andrew Rein joins hosts Katie Honan and Harry Siegel to break down what we know about the nearly quarter-trillion-dollar State budget that just dropped, weeks late, what to expect from the city's ongoing budget negotiations, and much more.
Statement
Pensions & Benefits
Statement on Proposed Tier 6 Benefit Sweetener as Part of State’s Fiscal Year 2025 Budget
March 27, 2024
The proposed change to Tier 6 pension benefits, which will cost the State and local governments in New York nearly $400 million per year, is unnecessary, expensive, and should be rejected.
Testimony
City Budget
Testimony on Public Safety Preliminary Budget Hearing
Submitted to the City Council Committee on Public Safety
March 20, 2024
CBC recently released “Straight from New Yorkers,” our 2023 Resident Survey, which provides a comprehensive, statistically valid, post-pandemic view into how New Yorkers feel about the quality of life in the city and how they rate government services.
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.
Statement
City Budget
Statement on the New York City Fiscal Year 2025 Preliminary Budget
January 16, 2024
While Mayor Adams leveraged strong revenues and wisely implemented two rounds of PEG savings to balance the Preliminary Budget, many more hard choices are still needed to stave off a fiscal reckoning.
Testimony
Transportation
Testimony on the MTA’s Access-A-Ride Program
December 18, 2019
The City should work with the MTA to assure that Access-A-Ride will achieve firm financial footing while providing a cost-effective and efficient service.
Testimony
Education
Testimony on the Distribution of the Foundation Aid Formula as it Relates to Pupil and District Needs
December 03, 2019
Despite significant increases in state aid and local revenues, not all districts have the resources to provide a sound basic education, and some wealthy districts have more than needed.
Blog
City Budget
Less Spending, More Saving
Benchmarks to Assess the NYC Financial Plan
November 13, 2019
Four things the upcoming budget should do to put the city on better financial footing.
Video
CBC News
Breakfast with First Deputy Mayor Dean Fuleihan
A CBC Breakfast Series
November 10, 2019
First Deputy Mayor Dean Fuleihan and CBC President Andrew Rein sat down for a fireside chat to discuss the important issues being addressed by the Administration.
Statement
City Budget
Statement from CBC Praising Historic Vote to Protect New York City's Finances
November 06, 2019
New Yorkers approve charter amendment to create a Rainy Day Fund
Video
City Budget
Breaking Down the Proposed Changes to the City Charter
Spectrum News NY1
October 29, 2019
CBC President Andrew Rein explains the importance of voting "yes" on ballot question #4, which would allow for the creation of a “rainy day fund” and let the city save money during prosperous times.
Blog
Public Workforce
Four Facts about New York City Full-Time Employees
October 17, 2019
Here are four facts about full-time NYC employees in fiscal year 2019.
Statement
City Budget
CBC Urges New Yorkers to Vote Yes on Ballot Question #4
October 15, 2019
CBC President Andrew Rein issued this statement on the 2019 New York City Charter Revision Commission’s Ballot Question 4 on the New York City Budge
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.
Special Feature
Public Workforce
Average Pay at the 15 Largest New York City Agencies
FY 2019
October 08, 2019
How much do New York City employees earn in pay each year?
Blog
Transportation
NYC Ferry Comparative Analysis
October 07, 2019
Among large urban ferry systems, NYC Ferry's subsidy is second highest.
Special Feature
Education
Educating an Average NYC Public Elementary School Class Costs About $560,000
September 04, 2019
In 2017 educating an average elementary school class cost $561,246.
Special Feature
City Budget
New York City Spending Growth
$19 Billion from FY2014 to FY2019
August 22, 2019
Spending by City agencies increased $15 billion, while centrally budgeted costs increased $4 billion.