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Blog
Pensions & Benefits
Giving Credit Where It’s Due? New York City’s $1.3 Billion in Health Insurance Savings
December 28, 2014
In its recent mid-year budget modification the de Blasio administration credited a coalition of municipal employee unions with achieving $1.3 billion in savings in the City’s employee and retiree health insurance costs. Yet the unions have not agreed to any changes in the plan, and the City and the unions have taken no actions to reduce costs. How can this be?
Blog
Housing
Agency Focus: NYC Housing Preservation and Development
July 18, 2016
The New York City Department of Housing Preservation and Development is the nation's largest municipal housing agency, and is charged with implementing the largest housing plan in the city's history. How's it doing?
Testimony
Capital Spending
Testimony on Intro. No. 113
For an Online Database of Pending Construction Projects
February 12, 2019
Intro. No. 113 would require the City of New York to produce an online database of all pending construction projects that includes initial and current completion dates and costs.
Testimony
Transportation
Public Comment on the Proposed Structure For the Central Business District Tolling Program
Submitted to the Metropolitan Transportation Authority
February 29, 2024
While the Citizens Budget Commission (CBC) has long held the position that there should not be credits for bridge or tunnel crossings, we believe the Traffic Mobility Review Board’s (TMRB) congestion pricing toll recommendations, as a whole, are reasonable.
Testimony
Housing
Testimony on NYCHA and New York City's Fiscal Year 2023 Preliminary Budget
Submitted to the Council Committee on Public Housing
March 08, 2022
There needs to be a clear understanding that the housing authority’s operations and financial outlook are highly stressed as well
Blog
Transportation
Principles for Congestion Pricing
February 13, 2019
Motorists should pay a greater share of the costs of mass transit to offset the negative impacts of auto use. CBC recommends five principles to guide the crafting of a congestion pricing program
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
City Budget
Where Do We Go From Here?
Steering New York City’s Finances in Fiscal Year 2015
June 30, 2014
This blog post examines what’s new in the fiscal year 2015 budget and makes recommendations for steering the City’s finances over the next four years.
Press Release
Transportation
CBC Recommends Five Principles for Congestion Pricing
February 13, 2019
The CBC today released its five key principles for crafting an effective congestion pricing program.
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.
Blog
Capital Spending
An Update on Port Authority Budget Reform
July 22, 2014
How far has the Port Authority come on improving its budget process, long-term financial viability, and accountability to the public?
Testimony
Economic Development
NYCEDC 2018 and Beyond: Borough-by-Borough in the Next Four Years
Testimony before the New York City Council Committee on Economic Development
February 06, 2018
How can EDC improve its performance in 2018?
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.
Blog
Capital Spending
The Dos and Don’ts of PPPs
December 04, 2011
Dos and Don’ts for the use of PPPs, or "P3s" adapted from the CBC's 2008 report, “How Public-Private Partnerships Can Help New York Address Its Infrastructure Needs.”
Testimony
Transportation
Testimony on NYC Ferry
Delivered to the New York City Council Committees on Transportation and Infrastructure and Economic Development
September 22, 2022
Reducing the ferry subsidy is vitally important to EDC’s capacity to meet its core economic development mission.
Blog
City Budget
Six Fast Facts about the NYPD's Preliminary FY2023 Budget
March 18, 2022
Public safety is a top issue for New Yorkers, and the New York City Police Department (NYPD) budget continues to garner attention and interest.
Blog
Pensions & Benefits
LIRR Pension Fraud Could Happen Again
August 04, 2014
Summarizes findings from a GAO report indicating the federal agency administering disability pensions for those workers had not done enough to prevent a repeat of a widespread fraud scheme by LIRR employees uncovered in 2008.
Blog
City Budget
A $3 Billion Problem
Homeless Services in New York City
May 24, 2018
Despite multipronged concerted efforts, the dramatic growth in City spending on homeless services has not reduced the number of people in shelters, and homelessness remains a serious problem.
Press Release
Education
CBC Identifies Strategies to Significantly Reduce Public School Crowding and Save $2.4 Billion
July 10, 2019
CBC released a comprehensive report demonstrating how administrative solutions can reduce school crowding.
Blog
City Budget
Federal Aid—Needed, But Unlikely to Solve New York State’s and New York City’s Fiscal Problems
A Look Back at Stimulus Funding During the Great Recession
December 01, 2020
Even with considerable additional federal aid the State and City still will have to implement significant actions.