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Report
Transportation
What to Look for in the MTA’s November 2023 Financial Plan
November 27, 2023
While the budget outlook is positive, caution is warranted. The MTA and stakeholders should closely monitor ongoing results because certain risks threaten its projected revenue and expenses.
Testimony
Transportation
Testimony on Congestion Pricing and the MTA's Fiscal Health
Submitted to the New York City Council Committee on Transportation and Infrastructure
August 17, 2023
As long-time supporters of congestion pricing, we are pleased that the MTA has secured federal approval and moved into the implementation phase.
Testimony
Transportation
Testimony on the State Plan to Address the Metropolitan Transportation Authority's Financial Crisis
Submitted to the New York State Senate Standing Committee on Corporations, Authorities and Commissions and the Standing Committee on Transportation
March 03, 2023
The fiscal stability of the MTA is of paramount importance to the region and the State.
Report
Transportation
Needs and Wants
What to Look for in the MTA's Twenty-Year Needs Assessment
September 21, 2023
Based on analysis of past needs assessments, this report recommends how the MTA should improve its forthcoming Twenty-Year Needs Assessment.
Blog
City Budget
7 Facts about the Adams Administration’s Prior Savings Plans
April 12, 2023
CBC finds that 92 percent of the prior plans’ savings will have no effect on services since they come from eliminating underspending, re-estimating costs, savings on debt service, leveraging federal or other funding, and increasing efficiencies in ways designed to preserve services.
Report
City Budget
What to Look for in the New York City November 2023 Financial Plan
November 14, 2023
When New York City adopted its fiscal year 2024 budget in June 2023 without addressing underlying structural imbalances, it virtually guaranteed that major fiscal challenges remained on the horizon.
Testimony
Transportation
Public Comment on the MTA’s Twenty-Year Needs Assessment for 2025-2044
Submitted to the Metropolitan Transportation Authority
October 25, 2023
As it stands, the public does not have a clue how much it would cost over the next five years to begin bringing the system to adequate condition.
Testimony
City Budget
Testimony on NYC November 2023 Financial Plan
Submitted to the New York City Council Finance Committee
December 11, 2023
The choices made in the coming months will determine whether the City emerges as fiscally stable and competitive or risks both its ability to serve New Yorkers in need and its attractiveness to residents and businesses.
Op Ed
Transportation
Labor and the MTA Must Work Together to Improve the Nation's Largest Transit System
City & State
May 17, 2023
With the TWU 100’s contract expired, there’s an opportunity for both sides to work together to improve service for New Yorkers.
Blog
Transportation
Stabilized, for Now
The MTA's Operating Budget's Long-Run Outlook
July 17, 2023
Taking steps now to start closing future gaps will ensure changes do not have negative impacts on services or the economy.
Testimony
Transportation
Public Comment on Proposed Changes to the Metropolitan Transportation Authority’s Fares and Tolls
Submitted to the Metropolitan Transportation Authority
June 22, 2023
We support the proposed increase in fares and tolls since it is essential for the MTA’s fiscal health and wholly appropriate for riders and drivers to pay a reasonable portion of costs.
Blog
City Budget
What to Look for in the NYC Fiscal Year 2024 Preliminary Budget
January 11, 2023
New York City’s mid-to-long-term outlook is precarious and acting now is key to long-term stability.
Report
City Budget
PEGs In Perspective
NYC FY 2024 Executive Budget
May 23, 2023
The vast majority of these actions will have no impact on services, thus far providing savings primarily by saving money that would not have been spent anyway.
Testimony
Energy & Environment
Comment on the Second Set of Proposed Rules for Local Law 97
Submitted to the New York City Department of Buildings
October 24, 2023
CBC has long advocated to incentivize cost-effective compliance paths that prioritize emissions reduction over merely paying the fines.
Blog
City Budget
Not Undercover
The NYC Fiscal Year 2024 Executive Budget for the NYPD
May 17, 2023
New York City’s Fiscal Year 2024 Executive Budget allocates $10.8 billion for the NYPD in fiscal year 2024.
Testimony
Public Workforce
Testimony on the New York City Health Insurance for Employees and Retirees
Submitted to the New York City Council Committee on Civil Service and Labor
January 09, 2023
With health insurance costs budgeted to increase at a rate of 8.5 percent between fiscal years 2023 and 2026, efforts to restrain the City’s costs are critical.
Testimony
Housing
Testimony on the New York City Housing Authority and the City's Preliminary Fiscal Year 2024 Budget
New York City Council Committee on Public Housing
March 13, 2023
To balance its budget and fund its basic operations, NYCHA was increasingly reliant on City subsidies and non-recurring funding sources.
Report
Education
School Spending, Enrollment, and Fiscal Cliffs 101:
The NYC Department of Education Budget Before, During, and After the Pandemic
April 11, 2023
Decisions about the DOE’s budget should consider enrollment declines and the City’s precarious fiscal condition.
Report
City Budget
7 Facts About the NYC Department of Buildings
April 25, 2023
CBC’s review of the agency’s budget presents trends in spending, revenues, staffing, and outputs.
Op Ed
City Budget
City budget crunch time means tough decisions — not more taxes
New York Post
December 20, 2023
Under every published projection, even after the mayor’s latest Program to Eliminate the Gap, New York City still faces a budget shortfall next year.