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Video
City Budget
Conversation with NYC Budget Director Jacques Jiha
A CBC Event
May 31, 2023
NYC Budget Director Jacques Jiha briefed CBC Trustees on the New York City Fiscal Year 2024 Executive Budget.
Press Release
CBC News
CBC Releases "Spending In Perspective" and "PEGs In Perspective"
May 23, 2023
As City Council Executive Budget hearings wrap up, signaling the next stage of New York City budget negotiations, the CBCs two new releases, Spending in Perspective and PEGs in Perspective, reveal that:
Blog
City Budget
Spending In Perspective
NYC FY 2024 Executive Budget
May 23, 2023
While proposed fiscal year 2024 City funds spending declines 2.2 percent from what is currently projected for fiscal year 2023, it is 7.5 percent higher than fiscal year 2022.
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.
Press Release
CBC News
CBC Releases "Fiscal Year 2024 Executive Budget: NYC Department of Education Overview"
May 22, 2023
The fiscal year 2024 budget is nearly $500 million below the current projection for fiscal year 2023.
Presentation
Education
Fiscal Year 2024 Executive Budget: NYC Department of Education Overview
May 22, 2023
The fiscal year 2024 budget is nearly $500 million below the current projection for fiscal year 2023—$300 million less federal pandemic aid and $300 million less City funds, offset by $100 million more State aid.
Report
Housing
Uncertain Future, Urgent Priority:
Fix NYCHA's Operating Budget Now
May 19, 2023
rapidly rising costs and flagging rent collections have combined to widen budget gaps, leaving NYCHA increasingly reliant on City subsidies and other non-operating resources to fund its basic operations.
Press Release
CBC News
CBC Releases "Uncertain Future, Urgent Priority: Fix NYCHA's Operating Budget Now"
May 18, 2023
CBC's new policy brief reveals that NNYCHA’s long-standing fiscal challenges have worsened, and that the consequences of delaying long overdue fixes could be dire.
Press Release
CBC News
CBC Releases "Not Undercover: The NYC Fiscal Year 2024 Executive Budget for the NYPD"
May 17, 2023
CBC’s new blog finds that the $10.8 billion allocated to the NYPD for fiscal year 2024 is likely $600 million less than is needed to fund recent collective bargaining agreements and overtime.
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.
Press Release
CBC News
CBC Releases "4 Fast FHEPS Facts"
May 08, 2023
CBC's new blog finds that spending on New York City's rental assistance programs is expected to reach $636 million in fiscal year 2023.
Blog
Housing
4 Fast FHEPS Facts
May 08, 2023
The cost of these rental assistance programs has increased immensely, from $16 million in fiscal year 2015 to an anticipated $636 million in fiscal year 2023.
Statement
City Budget
Statement on the New York City Fiscal Year 2024 Executive Budget
April 26, 2023
The Executive Budget lays bare the stark and potentially dark fiscal reality facing New York City.
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
Smart Savings Are Needed Now in the City Budget
New York Daily News
April 24, 2023
Ignoring six sobering realities, the critics ignore the call to smartly restrain spending growth, improve management, and speed hiring.
Letter
State Budget
Letter to State Leaders About State Aid to NYCHA for Rent Arrears
A Letter to the Governor, Senate Majority Leader, and Assembly Speaker
April 14, 2023
NYCHA’s health is critically important to the well-being of its residents and to the fiscal health of the State and New York City.
Press Release
CBC News
CBC Releases "7 Facts about the Adams Administration’s Prior Savings Plans"
April 12, 2023
When Mayor Eric Adams’ Administration directed City agencies to implement a PEG (Program to Eliminate the Gap) last week, many were concerned about the potential service impact since the Administration had already implemented three savings plans.
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.
Press Release
CBC News
CBC Releases "School Spending, Enrollment, and Fiscal Cliffs 101"
The NYC Department of Education Budget Before, During, and After the Pandemic
April 11, 2023
New York City spends $36.9 billion—more than one-third of its annual budget—educating children.
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.