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Blog
State Budget
NYS Budget Basics, Fiscal Future
The Fiscal Year 2023 Enacted Budget Financial Plan
May 24, 2022
Given the uncertain economic recovery, the budget choices State leaders made all but assure New York will have to make permanent the temporary tax increases of 2021, and may lead to drastic service cuts or even greater tax increases in the future.
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.
Blog
Housing
No Windfall
Ending 421-a Today Won't Free Up $1.8 Billion for Decades
May 05, 2022
CBC analyzed the costs of seven different types of rental projects built under the current version of 421-a and found the vast majority would not be financially feasible without the 421-a tax exemption.
Statement
State Budget
Statement on Economic Development Database and Film Tax Credit in the Fiscal Year 2023 Enacted Budget
April 08, 2022
For too long New York has been a leader in economic development spending, but not a leader in economic development program results.
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
Statement
State Budget
Statement on New York State Fiscal Year 2023 Budget Delay
April 04, 2022
Delays and lack of time for public and legislative review diminishes public accountability and New Yorkers’ confidence that their government can fulfill its obligations well
Statement
State Budget
Statement on New York State Budget Negotiations
March 14, 2022
New Yorkers have significant needs coming out of the pandemic and recession, and fortunately strong tax revenues and unprecedented one-time federal aid provide a great opportunity to help New Yorkers both now and in the future. Still, wise choices are needed to ensure this happens.
Blog
Transportation
What to Look for in the February 2022 Update to the MTA’s Financial Plan
February 22, 2022
The MTA will release an update to its operating budget Thursday. Here, we identify some critical items on which to focus.
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.
Statement
Economic Development
Statement Regarding the New York State Joint Legislative Budget Hearing on Economic Development
February 16, 2022
Without improvements in the State’s allocation decisions, oversight and reporting, and evaluation, New Yorkers are unlikely to get the value and economic impact they deserve.
Statement
State Budget
Statement Regarding the New York State Joint Legislative Budget Hearing on Transportation
February 15, 2022
The Fiscal Year 2023 Executive Budget includes new and increased funding for State and local transportation infrastructure, including projects to improve the state of good repair of roads and bridges, redesign and restructure highways and bridges, and increase support for regional transportation authorities.
Statement
Housing
Statement in Regard to the New York State Joint Legislative Budget Hearing on Housing
January 31, 2022
We are pleased that the Governor’s Fiscal Year 2023 Executive Budget included several proposals to encourage the production of more housing.
Statement
State Budget
Statement on the NYS Executive Budget for Fiscal Year 2023
January 18, 2022
Governor Hochul today proposed her Fiscal Year 2023 Executive Budget amidst continued strong receipts, New Yorkers’ significant needs, and ongoing economic uncertainty.
Statement
State Budget
CBC Statement on Governor Hochul's 2022 State of the State Address
January 05, 2022
In her first State of the State address today, Governor Kathy Hochul laid out an expansive recovery and policy agenda, and presaged elements of the budget she will release by January 18th.
Blog
State Budget
Recommendations to Strengthen the State
NYS Priorities that Promote Recovery, Transparency, Accountability, and Fiscal Stability
January 04, 2022
Governor Kathy Hochul's budget and policy priorities provide the opportunity to build a strong fiscal future, and to improve transparency and accountability.
Blog
Transportation
What to Look for in the MTA's November Budget Update
November 16, 2021
The MTA will be releasing its operating budget update Wednesday. Here is what we are looking out for.
Blog
Education
Making the Grade
New York State Should Ensure that Massive School Funding Increase Drives Results
September 15, 2021
New York’s schools open this year slated to receive more aid than ever from the State plus $11.4 billion in one-time federal pandemic aid that can be spent over four years.
Statement
State Budget
Statement on the Release of New York State’s Financial Plan “July Update”
September 15, 2021
This morning, New York State released its long-awaited First Quarter Financial Plan Update.
Presentation
State Budget
Overview of the Fiscal Year 2022 Enacted Budget
September 01, 2021
This presentation provides an overview of the State’s fiscal condition over the past 18 months, and identify priority issues going forward.
Blog
Transportation
Getting the Pricing Right
Six Recommendations for Congestion Pricing
July 28, 2021
As the Traffic Mobility Review Board considers its recommendations and the Triborough Bridge and Tunnel Authority determines the policies and implements the program, they should follow six recommendations