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Blog
Pensions & Benefits
Four Egregious Benefit Enhancement Bills
2018 Benefit Sweetener Scorecard Update
May 18, 2018
The 135 active bills identified on the Citizens Budget Commission’s 2018 Benefit Sweetener Scorecard this session could cost the State and local governments at least $428 million.
Report
Pensions & Benefits
2018 Benefit Sweetener Scorecard
April 12, 2018
With negotiations completed and a State Budget enacted, the balance of this year’s legislative session will be devoted to moving bills through the legislative process, including proposals to enhance the benefits of State and local public employees and retirees.
Letter
State Budget
Significant Impacts the Tax Cuts and Jobs Act on the Residents and Revenues of New York State
Letter to Governor Cuomo
March 20, 2018
I write to convey the Citizens Budget Commission’s findings about the significant impacts the Tax Cuts and Jobs Act (TCJA) will have on the residents and revenues of New York City and New York State and recommended steps needed to address these problems.
Report
Taxes
Practical Policy in Challenging Circumstances:
How NYS and NYC Should Respond to the Tax Cuts and Jobs Act
March 18, 2018
Strategies to mitigate the federal tax law's threat to New York's competitiveness and New Yorkers' wallets.
Blog
Health Care
Three Strikes Against the Governor’s Proposed Conversion Revenue
March 13, 2018
Counting on the revenue from health insurance company conversations is not prudent for three important reasons.
Blog
State Budget
California Dreaming
NY Should Build Reserves to Prepare for a Rainy Day
March 12, 2018
California is a leader in funding reserves for a rainy day--New York State should follow its example.
Letter
State Budget
Recommendations for Legislative Action on the NYS Executive Budget for FY2019
March 05, 2018
CBC's take on proposals that should be supported, modified, or rejected.
Letter
Housing
NYCHA's Project Labor Agreement Needs Evaluation
A Letter to the Mayor and NYCHA Chair
March 05, 2018
Has the PLA between NYCHA and the BCTC delivered on expected savings? An evaluation is needed before any decision to renew the PLA.
Blog
Pensions & Benefits
A Budget Proposal That Seems Fiscally Responsible, But Doesn’t Tackle the True Problem
February 22, 2018
It's time to eliminate the expensive and risky benefits provided by the TDA.
Blog
Education
Governor’s Education Proposal Pierces Cap And Lacks Needed Reforms
February 20, 2018
The NYS FY2018-2019 Executive Budget increases school aid by $769 million, or 3 percent, to $26.4 billion- twice the increase allowed by the school aid cap.
Report
Pensions & Benefits
Union-Administered Benefit Funds
Getting More Out Of A Billion Dollar Taxpayer Contribution
February 08, 2018
NYC taxpayers are projected to contribute $1.1 billion to 108 union-administered benefit funds. Better management, oversight, and consolidation can create more than $160 million in savings for the City and improve benefits for members.
Blog
State Budget
Twice as Much as Advertised
New York State Spending Growth
February 06, 2018
Spending growth in the NYS Fiscal Year 2019 Executive Budget will be 4.1 percent - more than twice what was claimed when the budget was released.
Letter
State Budget
Increasing Annual funding to Authorities Budget Office to $3.105m
A Letter to NYS Leadership
February 02, 2018
CBC, Fiscal Policy Institute, New York Public Interest Research Group, and Reinvent Albany strongly support a substantial increase in annual funding to the Authorities Budget Office.
Letter
Economic Development
Watchdog Groups: Freeze Business Subsidies Until Major Reforms Adopted
A Letter to the Governor and Legislative Leaders
January 18, 2018
The Governor should reject any new economic development and business subsidies until major anti-corruption and transparency reforms are put in place.
Blog
State Budget
Pre-Budget Ruminations
What to Look for in the NYS Fiscal Year 2019 Executive Budget
December 17, 2017
With a reported gap between $4.4 billion and $6.3 billion, and billions in federal changes yet to be recognized, here's what CBC will ask when Governor Cuomo rolls out the 2019 Executive Budget.
Report
Pensions & Benefits
2017 Benefit Sweetener Scorecard
December 07, 2017
The State Legislature passed 26 bills. Click to learn more.
Report
Pensions & Benefits
The Price of Promises Made
What New York City Should Do About Its $95 Billion OPEB Debt
October 25, 2017
CBC presents options for tackling this looming $95 billion liability threatening New York City's fiscal health.
Report
Capital Spending
Bridging the Financial Gap
Funding the Governor Mario M. Cuomo Bridge
October 12, 2017
Tolls for the new Governor Mario M. Cuomo Bridge have not been released yet, but based on construction costs, CBC estimates it will be approximately $10 for cars, double the current rate.
Letter
State Budget
CBC Urges Governor to Veto Expensive Benefit Sweeteners
October 12, 2017
CBC calls on Governor Andrew Cuomo to veto 16 bills that would provide expensive enhancements to government employee and retiree benefits.
Blog
Education
New York Per Pupil Education Spending is Nation’s Highest
Where Does the Money Come From?
September 07, 2017
Based on the most recent national data, New York spends more per pupil than any other state: $21,206 per pupil compared to the national average of $11,392 as of the 2014-2015 school year.