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Blog
Pensions & Benefits
2019 Benefit Sweetener Scorecard
New York State Bill Tracker
May 01, 2019
For the remaining seven weeks of the legislative session, members will propose to enhance the benefits of State and local public employees and retirees.
Blog
Economic Development
NYS Legislature Introduces 61 Economic Development Bills
April 24, 2019
Dozens of bills to expand existing economic development programs and create new ones have been introduced during the legislative session.
Blog
Taxes
Follow the Money
The MTA’s New Revenues
April 05, 2019
The NYS Adopted FY 2020 Budget directs three revenue sources to support the MTA. This blog clarifies what the revenue streams are and how they will flow to the lockbox.
Blog
State Budget
NYS Revenues in a Recession
Quantifying the Potential Shortfall
March 19, 2019
New York State revenue weakness already looms over the fiscal year 2020 budget negotiations.
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
Education
Funding a Sound Basic Education in 2020
March 07, 2019
Despite significant funding increases over the past decade, some districts in New York State still do not have the resources to provide a sound basic education.
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.
Blog
Health Care
Medicaid Supplemental Payments
State Workgroup Makes Limited Progress on Part of the Problem
February 15, 2019
New York State’s $78 billion Medicaid program includes $5.3 billion of “supplemental payments”. These supplemental payments are crucial to hospitals across the state, especially those largely serving uninsured and Medicaid populations.
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
Blog
State Budget
How to Address New York State's Revenue Shortfall
February 11, 2019
In the budget’s 30-day amendments to be released this week, the State should take and propose actions to close the current year and fiscal year 2020 gaps.
Podcast episode
Energy & Environment
8.4%, with Energy Experts
February 05, 2019
8.4% is the reduction in carbon dioxide emissions in New York between 1990 and 2015. Governor Cuomo now wants to reduce greenhouse gas emissions 40% by 2030. Is this goal realistic? A panel of energy experts met at the CBC State Conference to help answer this question.
Podcast episode
Energy & Environment
2040 with Seth Hulkower
January 31, 2019
2040 is the year by which Governor Andrew Cuomo wants New York to transition to 100 percent clean electricity. Is this target realistic? Are we on pace to meet it? And at what cost? Seth Hulkower--an expert on energy policy and the former COO of the Long Island Power Authority--joined the podcast to help answer these questions.
Blog
State Budget
Clear Picture
NYS Executive Budget Grows 3.4 Percent
January 29, 2019
State Operating Funds spending will grow by 3.4 percent in fiscal year 2020, the third straight year it has increased by more than 2 percent.
Blog
State Budget
Third Term, First Budget:
An NYS Budget Strategy
January 10, 2019
In this uncertain economic and fiscal environment, the Governor should follow this three-pronged strategy.
Blog
State Budget
Don’t Get Too High on Potential Marijuana Revenues
December 13, 2018
There is significant revenue potential from the marijuana industry, but research suggests that many months or years of careful planning precede consistent revenues.
Blog
Economic Development
Breaking Down the Amazon HQ2 Deal:
Facts and Takeaways
November 21, 2018
Amazon has committed to creating 25,000 full-time high-paying jobs over ten years, investing approximately $2.5 billion, and building 4 million square feet of office space at its new headquarters in Long Island City, with the possibility of expanding to 8 million square feet and 40,000 jobs. To facilitate this investment, Amazon will receive benefits of up to $1.7 billion from New York State and $1.8 billion from New York City. This blog explains the incentive package provided by the State and City and offers five takeaways about the deal and its lessons for future economic development policy.
Blog
Taxes
New York City Homeowners
Who's Got the Unfairest Tax Burden of Them All?
September 12, 2018
One of the basic principles of good tax policy is equity: similarly situated taxpayers should have similarly sized tax bills. New York City’s property tax system does not comport with this principle.
Blog
State Budget
Hold Your Bets
Four Guidelines for Legalized Sports Betting in New York State
September 05, 2018
State leaders should consider these four guidelines as they decide whether and how to expand sports betting in New York.
Blog
City Budget
Reduction in Uniformed Overtime Is Still Needed
July 12, 2018
Without workrule changes the City’s uniformed overtime caps are unlikely to be successful. In fact, several agencis have already exceeded their FY 2018 caps.
Blog
Public Workforce
The Cost of a Growing City Workforce
Ballooning Budgets and Long-term Liabilities
July 10, 2018
NYC’s municipal workforce is projected to reach a record 331,520 employees by the end of fiscal year 2019. Headcount expansion has a significant impact on the City’s budget and long-term financial position.