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Podcast episode
State Budget
$209 billion, with State Senator Liz Krueger, E.J. McMahon, and Patrick Orecki
June 30, 2021
$209 billion is the total spending in New York State's Enacted Budget for Fiscal Year 2022. Six months ago, New York State was staring down a four-year revenue shortfall totaling $60 billion—however, revenues have strengthened and the federal government passed a stimulus bill that includes what may be the largest state and local government relief program in history. Still, the State decided to raise taxes, boost education aid, and fund a host of economic recovery programs. Joining the podcast are three guests to discuss what this means for the State's fiscal future: State Senator Liz Krueger, Senior Fellow at the Empire Center and Adjunct Fellow at the Manhattan Institute E.J. McMahon, and CBC's Director of State Studies Patrick Orecki.
Letter
City Budget
Prominent Business & Civic Leaders Call For More Strategic Use of Federal Aid in City Budget
June 16, 2021
Fund allocations should prioritize sectors and communities most damaged during COVID-19.
Podcast episode
City Budget
$250 billion, CBC's Comptroller Candidate Forum
May 07, 2021
$250 billion—the assets held by the five pensions funds for which the New York City Comptroller is custodian, administrator, and investment advisor. But that's not the Comptroller's only responsibility. On today's special episode of "What's the [DATA] Point?" with an introduction from Ben and Andrew, listeners will hear CBC's "Comptroller Candidate Forum: Accountability, Not Just Accounting," which featured 13-minute conversations with each of six candidates: Brad Lander, Zach Iscol, Brian Benjamin, Michelle Caruso, Cabrera, Corey Johnson, and David Weprin. Each candidate shared how they plan to use the powers of the NYC Comptroller to serve the people of New York.
Letter
State Budget
Groups Urge Full Transparency of Budget Cuts and to Omit Special Budget Powers in FY 2022 Enacted Budget
A Letter to the Governor and Legislature
March 10, 2021
We write to follow up on our December 21, 2020 letter that requested increased transparency on State spending reductions and withholdings implemented during fiscal year 2021.
Letter
State Budget
Recommendations for Legislative Action on the FY2022 NYS Executive Budget
Letter to the State Legislature
March 01, 2021
Prudent use of federal aid would allow the State not only to close the near-term gaps, but stave off the most serious cuts and improve the State’s long run fiscal stability.
Podcast episode
City Budget
$5.3 billion, CBC's Mayoral Forum
February 28, 2021
$5.3 billion is the current estimate of the budget gap the next Mayor will have to close in her or his first year. Ben and CBC President Andrew Rein introduce listeners to CBC's mayoral candidates forum "Managing NYC’s Fiscal Crisis" that featured 10-minute conversations with each of eight candidates: Maya Wiley, Kathryn Garcia, Andrew Yang, Dianne Morales, Eric Adams, Ray McGuire, Scott Stringer, and Shaun Donovan. Each candidate presented their plan to manage the crisis, answered targeted questions, and identified positions on key fiscal issues in a lightning round.
Presentation
City Budget
NYC FY 2022 Preliminary Budget
Balance Today, Challenges Tomorrow
February 04, 2021
The City is not addressing its long-term fiscal problems.
Podcast episode
State Budget
$7.4 billion, with E.J. McMahon
February 03, 2021
$7.4 billion is how much NYS personal income tax was paid in 2018 by residents of other states. This revenue stream may be threatened if a lawsuit over taxation of out-of-state telecommuting residents prevails. Today's guest is E.J. McMahon, adjunct fellow of the Manhattan Institute and senior fellow of the Empire Center. He explains why this lawsuit is so important and also discussed elements of the NYS Executive Budget. And, in her final episode as host, Maria Doulis offers a brief analysis of the NYC Preliminary Budget.
Special Feature
Capital Spending
NYC Debt Outstanding
Fiscal Years 2002-2020
December 28, 2020
New York City debt outstanding grew to $125 billion—84 percent since 2005.
Letter
State Budget
Publish More Detailed, Monthly State Budget Withholding and Advanced Payment Information
December 22, 2020
The State should disseminate timely and detailed information about the withholding of funds.
Podcast episode
City Budget
29 acres, the Special Flushing Waterfront District
December 03, 2020
29 is the number of acres in the proposed Special Flushing Waterfront District. In our third episode on land use and zoning, we move from Brooklyn to Flushing, Queens to discuss the proposed district that could add 3 million square feet of housing, hotel, retail and office space; remediate Flushing Creek; and create waterfront access and park space. Developer Helen Lee and proposal critic John Choe joined the podcast to share their competing views.
Letter
State Budget
Groups Urge Governor to Consider Reform of Scaffold Law
A Letter to the Governor
November 16, 2020
While it may have served a purpose prior to enactment of today’s comprehensive worker protections, New York should trust the modern approach to worker safety.
Letter
State Budget
Groups Urge State to Release a Specific Plan for Closing FY 2020-2021 Budget Gap
September 23, 2020
We write to urge you to release a specific and detailed plan for closing New York State’s fiscal year 2020-2021 $9 billion budget gap.
Podcast episode
City Budget
$1 billion, with Adrian Pietrzak and Ana Champeny
July 02, 2020
$1 billion is the target reduction in the NYPD budget that became the focal point of recent budget negotiations. Was this cut actually made in the NYC Adopted FY2021 Budget? CBC's Adrian Pietrzak and Ana Champeny discuss the NYPD's budget and how it's going to change in the coming year in this special mini-episode.
Podcast episode
City Budget
Episode 93: $88.2 billion, with Ana Champeny
July 01, 2020
$88.2 billion is the size of the NYC budget adopted for FY 2021. After years of economic expansion, this is the first budget Mayor de Blasio and Speaker Johnson negotiated in a recession. CBC's Ana Champeny joined the podcast to discuss why this is just the first of many tough choices facing City leaders.
Podcast episode
City Budget
70 million, with Kathryn Garcia and Cas Holloway
June 19, 2020
70 million is the number of free meals distributed by the NYC since mid-March, when the COVID-19 pandemic took hold. Today we talk to members of the public and private sector teams that made this success happen: Sanitation Commissioner and "Food Czar" Kathryn Garcia, and Cas Holloway of Unqork, the enterprise software company that developed an app virtually overnight.
Letter
City Budget
CBC Urges Governor to Approve RDF Bill with Chapter Amendment
A Letter to the Governor
June 05, 2020
CBC has championed the creation of a well-designed RDF for NYC; however, this bill should not become law as currently drafted.
Podcast episode
City Budget
1975, with the "Sages of the Ages"
May 29, 2020
1975 is the year NYC found itself on the verge of municipal bankruptcy. How did the City turn around its fortunes? We present CBC's special panel discussion, "Sages of the Ages." Five New York fiscal experts--Steve Berger, Stan Brezenoff, Gene Keilin, Dick Ravitch, and Alair Townsend-- describe how they helped the City navigate through the fiscal crisis and explain what they think we'll need to do to overcome the challenges of the present.overcome the challenges of the present.
Letter
State Budget
CBC Strongly Urges Amendment of Rainy Day Fund Bill
A Letter to State Legislative Leaders
May 26, 2020
CBC has championed the creation of a well-designed RDF for NYC; however, this bill fails to place essential restrictions on the use of the RDF, and should be amended to add those restrictions.
Letter
City Budget
CBC Urges State Legislative Leaders to Reject Borrowing Bill for NYC
May 26, 2020
The Legislature should reject the bill to permit NYC to issue long-term debt to pay for operating expense related to the COVID-19 pandemic.