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Blog
City Budget
New York City’s Adopted Budget: Missed Opportunities
July 05, 2011
In adopting the FY2012 budget, City leaders missed the opportunity to address the big-ticket items – health insurance, pensions and debt service – whose unchecked growth will continue to dominate the budget and result in service reductions and layoffs.
Blog
Education
Ripe for Reform
$466 Million in Education Aid
January 02, 2018
New York State will send $25 billion to local school districts during the 2017-2018 school year, accounting for approximately 37 percent of school district revenues.
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.
Blog
City Budget
A Budget Baker’s Dozen
13 Questions to Ask About NYC’s Preliminary Budget for Fiscal Year 2023
February 10, 2022
Mayor Adams’ first Preliminary Budget will provide an important opportunity to see how he intends to “get stuff done,” root out “waste, fraud, and abuse,” and promote a “People’s Plan.”
Blog
State Budget
Stop the Wishful Thinking about a New York State Mid-Year “Surplus”
August 22, 2011
Talk of a surplus and using it for new initiatives should end immediately.
Testimony
Education
Testimony to the Education Reform Commission
July 26, 2012
Simply put, the aggregate amount of money is not the problem. Rather, current funding needs to be re-targeted to reflect new priorities.
Blog
Capital Spending
An Update on Port Authority Budget Reform
July 22, 2014
How far has the Port Authority come on improving its budget process, long-term financial viability, and accountability to the public?
Blog
Economic Development
Learning from Past Mistakes
Examining Changes to the Excelsior Jobs Program
October 20, 2015
In 2008, CBC called for the elimination of the Empire Zones jobs program amid concerns it wasted public resources. In 2010, New York State replaced Empire Zones with the streamlined Excelsior Jobs Program. Excelsior was designed to avoid the errors of Empire Zones but until recently it has been difficult to assess to what degree it achieves its objectives.
Blog
State Budget
What to Look for in New York State’s Fiscal Year 2025 Executive Budget
January 11, 2024
With Governor Kathy Hochul having delivered her State of the State address and the Legislature convened, attention in Albany now turns to the Fiscal Year 2025 Executive Budget—due in just a few days.
Video
Energy & Environment
John Rhodes, Chair of the Public Service Commission
A CBC Breakfast Series
October 26, 2017
CBC Breakfast conversation with John Rhodes, Chair of the Public Service Commission
Video
Economic Development
NYC Deputy Mayor Alicia Glen
CBC Breakfast Series
May 21, 2014
CBC Breakfast with NYC Deputy Mayor Alicia Glen in May 2014.
Blog
City Budget
What to Look for in the NYC November Modification
November 10, 2020
While the prospects for additional federal stimulus may now be brighter, federal aid will not solve all the City’s fiscal problems, but can serve as a bridge to fiscal stability if City leaders take appropriate actions.
Blog
Pensions & Benefits
Giving Credit Where It’s Due? New York City’s $1.3 Billion in Health Insurance Savings
December 28, 2014
In its recent mid-year budget modification the de Blasio administration credited a coalition of municipal employee unions with achieving $1.3 billion in savings in the City’s employee and retiree health insurance costs. Yet the unions have not agreed to any changes in the plan, and the City and the unions have taken no actions to reduce costs. How can this be?
Blog
City Budget
Where Do We Go From Here?
Steering New York City’s Finances in Fiscal Year 2015
June 30, 2014
This blog post examines what’s new in the fiscal year 2015 budget and makes recommendations for steering the City’s finances over the next four years.
Blog
State Budget
Questions About the NYS FY2018 Executive Budget
January 12, 2017
How much with the Governor's proposals cost and how will he pay for them?
Video
CBC News
Jerome H. Powell
CBC's Annual Awards Dinner
February 28, 2019
CBC's Annual Awards Dinner honoree Jerome H. Powell delivers the keynote address. He is introduced by Stanley Fischer, the former Vice Chair of the Board of Governors of the Federal Reserve System.
Video
Economic Development
NYC’s Competitiveness in Attracting Talent
A Panel Discussion
September 28, 2016
CBC Vice President Maria Doulis presented findings of CBC's Competitiveness Scorecard, which assesses the New York City metro area's competitiveness in attracting talent. The presentation was followed by a panel discussion on ways NYC can improve its competitive edge.
Blog
Economic Development
Shrink, Don’t Expand, the New York State Film Tax Credit
June 26, 2024
The current program already is overly generous compared to other states and should be phased out.
Testimony
City Budget
Testimony Before the New York City Charter Revision Commission
June 13, 2024
Our Preliminary Recommendations focus on three areas to improve the Charter: Fiscal Integrity and Stability, Management Quality and Efficiency, and Resident Feedback.