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Testimony
City Budget
Testimony Before the 2019 Charter Revision Commission
May 09, 2019
CBC recommends this Commission exercise caution when proposing changes to the City’s fiscal management structures and processes.
Podcast episode
City Budget
$92.5 billion, with Yoav Gonen
April 30, 2019
$92.5 billion is the size of the NYC Executive Budget for FY 2020, an increase of 29% in total spending since Bill de Blasio's first year as Mayor. Joining the podcast to review budget highlights is Yoav Gonen, City Hall reporter for The City.
Statement
City Budget
Statement on the NYC FY 2020 Executive Budget
April 25, 2019
Mayor de Blasio’s stay-the-course budget does not take the steps needed to preserve services or forestall tax increases in the eventual hard times.
Report
City Budget
To Weather a Storm
Create an NYC Rainy Day Fund
April 18, 2019
A well-funded and structured Rainy Day Fund (RDF) would help New York City weather future recessions.
Testimony
City Budget
Testimony on Intro. No. 1512
on the Establishment of a Director of Ferry Operations
April 17, 2019
NYC Ferry connects many of NYC’s waterfront neighborhoods and business districts at a high price.
Testimony
Energy & Environment
Testimony on the Proposed Paper Carryout Bag Fee
Submitted to the NYC Council Committee on Sanitation and Solid Waste Management
April 16, 2019
CBC supports proposed legislation to impose a 5-cent fee on most paper carryout bags.
Podcast episode
City Budget
Episode 71: 1,112,975, with Dr. Mitchell Katz
April 04, 2019
1,112,975 is the number of unique patients served by NYC Health + Hospitals in FY 2018. H+H is under fiscal pressure and projects cash loses in future years. Dr. Mitchell Katz joined the podcast to discuss his transformation plan to improve H+H's fiscal stability.
Podcast episode
City Budget
$175.5 billion, with David Friedfel and Patrick Orecki
April 02, 2019
$175.5 billion, the size of the NYS Budget for FY 2020 enacted by the Legislature. The budget includes several notable policy changes, such as funding and new reforms at the MTA. CBC's David Friedfel and Patrick Orecki discuss the key takeaways.
Video
Transportation
CBC Report on NYC Ferry and Subsidies
Fox 5 News
March 30, 2019
According to a CBC report, the number of NYC Ferry passengers for all of last year is less than the number of passengers who ride NYC subways in just one day. Mayor de Blasio defends the ferry service & says it’s a long-term investment.
Video
Transportation
Report Slams High Subsidy Cost for Running NYC Ferry Service
Specrum News NY1
March 29, 2019
A new study by the Citizens Budget Commission finds that each trip costs taxpayers $10.73. That's more than 10 times the subsidy for a trip on the subway at $1.05.
Report
Transportation
Swimming in Subsidies
The High Cost of NYC Ferry
March 28, 2019
NYC Ferry serves more than 4 million passengers at a high level of operating subsidy: $10.73 per ride, 10 times that of the New York City Transit.
Letter
City Budget
Testimony Follow up: Letter to the Charter Revision Commission
Borough President Capital Budget Role
March 26, 2019
CBC's proposal to focus the Borough President capital budget role on identifying needs and providing recommendations.
Podcast episode
City Budget
5, with Alicia Glen
March 26, 2019
5 is the number of years Alicia Glen was the Deputy Mayor for Housing and Economic Development under Mayor Bill de Blasio. She joins the podcast to reflect on her tenure as Deputy Mayor, the state of the city in 2014, where it stands now, and where it should be heading.
Podcast episode
City Budget
202, with Polly Trottenberg
March 21, 2019
202 is the number traffic related fatalities in NYC in 2018, a record low. NYC DOT Commissioner Polly Trottenberg joined the podcast to discuss the success of Vision Zero, her approach to managing city transit, and her role on the MTA Board.
Podcast episode
City Budget
4.7 mph, with Nicole Gelinas
March 14, 2019
4.7 mph is the speed at which taxis travel in Midtown Manhattan. Nicole Gelinas, a Senior Fellow at the Manhattan Institute, joins the podcast to discuss traffic, mobility, and the MTA.
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.
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
PEGging It Right
Guidelines for the PEG Process
March 05, 2019
For the first time since taking office, Mayor Bill de Blasio has announced plans to implement a Program to Eliminate the Gap (PEG), which requires agencies to generate savings through expense reductions or revenue enhancements. The de Blasio administration previously eschewed PEGs in favor of Citywide Savings Plans (CSPs); in contrast to the PEG, agency participation in the CSP was voluntary. Pursuing a PEG presents both a challenge and an opportunity. This blog proposes three guidelines for the process: 1) identify significantly more than $750 million in savings, 2) encourage recurring savings through efficiency, and 3) follow agencies’ leads.
Blog
City Budget
NYC Revenues in a Recession
Quantifying the Potential Shortfall
February 26, 2019
The potential shortfall from a recession comparable to the last two recessions could be substantial: between $15 billion and $20 billion below projections over three years.
Podcast episode
City Budget
25,000 with Vishaan Chakrabarti
February 21, 2019
25,000 is the number of jobs that would have been created under a now-defunct deal with Amazon to create a second headquarters in Long Island City, Queens. Vishaan Chakrabarti, founder of the Practice for Architecture and Urbanism (PAU), discusses the deal and how its failure may impact New York City's economic competitiveness.