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Podcast episode City Budget
August 16, 2018$89.16 billion is the size of the Adopted Budget for FY 2019. After adjusting for prepayments in prior years and other reserves and spending, the total value of spending is $92 billion. This episode features a panel of fiscal experts hosted by the Association for a Better New York. Listen as they discuss the risks in this budget, the level of reserves needed, and NYC's fiscal outlook at large.
Letter Economic Development
August 14, 2018The Governor should veto ten bills that would expand the State’s economic development programs. Three of the bills would expand or enrich existing programs, six bills would create a new targeted program, and one bill would create a new broad program.
August 13, 2018The Metropolitan Transportation Authority (MTA) released its 2019 Preliminary Budget and four-year financial plan last month. Here are three important takeaways.
Podcast episode Transportation
August 07, 2018$17 billion is the preliminary budget for the Metropolitan Transportation Authority in 2019, an increase of 2.1% from 2018. CBC's Director of Infrastructure Studies Jamison Dague breaks down the preliminary budget and discusses looming risks, such as subway car reliability and progress of the various "action plans" put in place this year.
Special Feature Transportation
July 31, 2018CBC Dashboard for the MTA Financial Plan, Updated July 2018
Podcast episode City Budget
July 27, 20187.42% is the compounded salary and wage increases for members of DC37, the City’s largest municipal union for civilian workers, under a new contract that sets the pattern for negotiations with other labor unions. NYC Labor Commissioner Bob Linn joins the podcast to discuss this deal, the dynamics of negotiating with the public workforce, and why health insurance is an area that was long overdue for savings.
July 26, 2018A UBT is needed to blunt the impact of federal tax reform; here are CBC's recommendations for designing it.
Podcast episode Housing
July 19, 2018$31.8 billion is the amount required to repair NYCHA's public housing units over the next five years. CBC Senior Research Associate Sean Campion discuss the findings and recommendations of CBC's recent report on NYCHA's capital needs and explains how NYCHA got into such a deep hole and and how it can start to dig out.
July 18, 2018Decisions to redirect capital dollars to other priorities and stretch inspection and maintenance cycles contributed to the decline in subway reliability, and challenges lay ahead for plans to purchase 3,600 new subway cars and retrofit 1,200 existing cars.
Video Economic Development
July 12, 2018Ten economic development bills passed the state legislature, but CBC says the current programs need to be reformed before anything new is added.
Blog City Budget
July 12, 2018Without workrule changes the City’s uniformed overtime caps are unlikely to be successful. In fact, several agencis have already exceeded their FY 2018 caps.
Podcast episode Health Care
July 11, 20181,441 is the number of overdose fatalities in New York City in 2017. NYC Commissioner of Health Dr. Mary Bassett discusses Healing NYC, a new program designed to combat the opioid health crisis, as well as neighborhood health clinics, lead testing at NYCHA and more.
Blog Public Workforce
July 10, 2018NYC’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.
Special Feature Public Workforce
July 09, 2018Track the City's total headcount growth back to fiscal year 2004 - shows growth by employee category and which agencies are projected to grow the most in the coming years.
Blog State Budget
July 09, 2018NYS has wom more than $11 billion in litigation settlements since FY 2014-2015. The spending of some of the settlement funds have more merit than others, but one major shortcoming is that none of the funds were allocated to boosting reserves.
Letter Capital Spending
July 05, 2018With the Capital Commitment Plan now topping $82 billion, it is more important than ever to find ways to reduce costs and speed up project delivery.
July 03, 2018Rather than continue as the nation’s largest landlord, NYCHA should transition to an affordable housing steward employing a full range of strategies to preserve the affordability of its units.
July 02, 2018Radical changes need to be undertaken immediately
Podcast episode Economic Development
June 29, 201875% is the share of jobs gained since the recession in the NYC metropolitan region that were created in New York City, a datapoint revealed in a forthcoming report from the Department of City Planning. Marisa Lago, Director of the Department and Chair of the City Planning Commission, joined CBC to discuss some of the report's findings as well as neighborhood revitalization, housing affordability, and resiliency and sustainability.
Blog City Budget
June 26, 2018On June 14, 2018 the New York City Council adopted the Fiscal Year 2019 Budget. Given strong economic growth and some higher than expected tax revenue generated by federal tax reform, the ample resources allowed Mayor Bill de Blasio and the Council to come to a deal quickly.