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Podcast episode
City Budget
3, Comptrollerpalooza!
September 24, 2024
3 is the number of current and former Comptrollers who sat down to discuss the City and State's finances, economy, population loss and more. While jobs and tourism have recovered, New York continues to face challenges with hybrid work affecting downtowns and the office market, housing affordability, future budget gaps, and needed infrastructure investment. Former NYC Comptroller Bill Thompson moderated a discussion during which NYS Comptroller Tom DiNapoli and NYC Comptroller Brad Lander dig into what the City and State is doing with your money and New York's future.
Video
City Budget
Comptrollerpalooza!
NYS Comptroller Tom DiNapoli and NYC Comptroller Brad Lander
September 23, 2024
Moderated by former NYC Comptroller William C. Thompson, Jr.
Press Release
CBC News
CBC Releases "Focus, Fix, and Finance"
How to Rightsize and Fund the 2025 – 2029 MTA Capital Program
September 16, 2024
This report assesses the status of projects in the current and prior capital programs, identifies the appropriate maximum size and focus of an achievable but ambitious capital program, estimates available funding and the size of the funding gap, outlines criteria for consideration of funding sources, and discusses how those criteria apply to sources that have been suggested or may be discussed.
Letter
State Budget
CBC Urges Support of Procurement Reform Legislation in NYC
Extend Joint Bidding on Public Works Contracts and Authorize Alternative Project Delivery Methods
September 10, 2024
CBC has long supported procurement reforms that reduce construction costs and accelerate much needed public works and infrastructure projects.
Press Release
CBC News
CBC Submits "Testimony on NYC Ferry"
Submitted to the New York City Council Committee on Economic Development and Committee on Transportation and Infrastructure
September 10, 2024
NYC Ferry remains one of the most heavily subsidized transit options in New York City, and one of the most subsidized public ferry systems in the country.
Letter
State Budget
Watchdogs Urge Governor to Sign A10281/S9171 to Require Publication of Contracts Exempt from Oversight
A Letter to the Governor
August 27, 2024
This legislation is a commonsense transparency measure that would bring much needed sunlight to the State’s emergency spending.
Press Release
CBC News
CBC Releases "Sustainably Supporting a Sound Basic Education, Part 2"
August 14, 2024
This report demonstrates the potential impact of reallocating $447 million of expense-based aid and the $3.3 billion School Tax Relief (STAR) program in proportion to Foundation Aid.
Testimony
Education
Public Hearing on New York State School Aid
Submitted to the Rockefeller Institute of Government, SUNY
August 14, 2024
Report
Education
Sustainably Supporting a Sound Basic Education
Part 2
August 14, 2024
Flaws in New York State’s school aid funding formulas stop the State from effectively distributing funds based on student need and local capacity.
Letter
Economic Development
CBC Urges Veto of ICAP Extension
S9822/A10530 Extends NYC's Industrial and Commercial Abatement Program Without First Evaluating Its Effectiveness
August 13, 2024
Alternatively, a one-year extension would allow time to evaluate ICAP's cost-effectiveness and identify beneficial eligibility and benefit changes
Video
City Budget
Briefing on the NYS and NYC Fiscal Year 2025 Budgets
July 30, 2024
CBC's Ana Champeny and Patrick Orecki delivered a briefing on the fiscal year 2025 budgets of New York State and New York City, including basic fiscal overviews and the risks facing the State and the City.
Press Release
CBC News
CBC Releases "Myths and Facts: NYC Adopted Budget for Fiscal Year 2025"
July 30, 2024
Throughout the budget debate, public discussion was too often hampered by misunderstanding of some key budget realities.
Press Release
CBC News
CBC Releases "Sustainably Supporting a Sound Basic Education: Proposals to Reform NYS School Aid"
July 16, 2024
Roughly 30 percent of State Operating Funds goes to schools; if New York’s education spending is not fiscally sustainable, it will damage its capacity to provide other services New Yorkers and New York needs.
Testimony
Education
Public Hearing on New York State School Aid
Submitted to the Rockefeller Institute of Government, SUNY
July 16, 2024
CBC strongly believes that the State should take a more active role promoting performance and spreading best practices, increasing transparency, and improving accountability, especially given the vast amount of resources provided and the criticality of education to New Yorkers’ and our state’s future.
Report
Education
Sustainably Supporting a Sound Basic Education
Proposals to Reform NYS School Aid
July 16, 2024
While attention is primarily focused on Foundation Aid, which comprises nearly two-thirds of State school aid, effective resource allocation reform should address all funding streams.
Press Release
CBC News
CBC Submits "Testimony on Proposed Changes to the New York City Charter"
July 08, 2024
CBC continues to recommend that the Charter require a local law ensuring the City’s Rainy Day Fund (RDF) grows and is used for its intended purpose—to protect New Yorkers from dramatic cuts during a recession or short-term emergency.
Press Release
CBC News
CBC Releases "Refined Recommendations to NYC Charter Revision Commission for Improving Finances, Management, and Resident Feedback"
July 08, 2024
Improving both legislative Fiscal Impact Statements and the Executive’s financial plan estimates will enhance the integrity, legitimacy, and outcomes of budget-making, and help ensure the public appropriately views this Charter Revision Commission’s work through the lens of substance, not politics.
Podcast episode
State Budget
$8.8 Trillion, with Adrienne Harris
June 27, 2024
$8.8 trillion is the total combined assets of the nearly 3,000 financial institutions that are regulated and supervised by the New York State Department of Financial Services (DFS). In addition to navigating serious banking crises in recent years, DFS faces challenges on the horizon: artificial intelligence, cyber security, and cryptocurrency, to name a few. Joining the podcast is DFS Superintendent Adrienne Harris, who shares with us the important work state leadership is doing to ensure a strong and secure financial services sector, while navigating this rapidly changing landscape.
Press Release
CBC News
CBC Releases "A Building Crisis"
The Quality-of-Life, Population, and Economic Effects of Housing Underproduction
June 27, 2024
The decades-long failure to build sufficient housing in New York City has degraded quality of life, driven away residents and jobs, and undermined the city's tax base and economy.
Video
State Budget
Conversation with Adrienne Harris
Superintendent of the NYS Dept. of Financial Services
June 21, 2024
Since taking over at DFS, Superintendent Harris has overhauled the agency and taken decisive actions on a series of defining issues including virtual currency, cybersecurity, and consumer protection.Superintendent Harris is a former CBC New Leader.