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Blog
City Budget
Federal Aid—Needed, But Unlikely to Solve New York State’s and New York City’s Fiscal Problems
A Look Back at Stimulus Funding During the Great Recession
December 01, 2020
Even with considerable additional federal aid the State and City still will have to implement significant actions.
Blog
Taxes
Getting Into the Weeds About Potential Recreational Marijuana Revenues
November 16, 2020
State leaders should be cautious about relying on these potential revenues to help close budget gaps.
Blog
Taxes
Let a Sleeping Tax Lie
New York Should Reject Proposals to Reinstate the Stock Transfer Tax
November 09, 2020
If the rebate were eliminated, essentially putting the tax back into effect, New York would become the only state to impose such a tax on the sale and transfer of stock.
Blog
State Budget
Flipping the Switch
Difficult Fiscal Decisions Compound as State Shifts from Spending Growth to Cuts
July 15, 2020
Flipping the switch from robust spending growth to spending cuts will require making significant hard choices to balance the budget and reduce future fiscal gaps.
Blog
State Budget
New York Taxes: Layers of Liability
June 25, 2020
Any consideration of tax increases should include the impact on State and local economic competitiveness
Blog
Education
Target School Aid to Avoid the Most Painful Cuts
May 12, 2020
With the State budget being realigned, now is the time to revisit how New York distributes its school aid dollars by accounting for student need, district wealth, and total district revenues.
Statement
State Budget
Statement on the New York State Fiscal Year 2021 Enacted Budget
April 02, 2020
CBC President Andrew S. Rein issued this statement on the NYS FY 2021 Enacted Budget:
Blog
State Budget
5 Proposals that Should be Left Out of the FY21 Enacted Budget
March 29, 2020
New York State’s bleak fiscal outlook requires lawmakers pass a “bare bones” fiscal year 2021 budget that is focused on funding critical services and the response to the COVID-19 pandemic.
Blog
Health Care
Maintaining Momentum on Medicaid Redesign
March 27, 2020
To ensure a sustainable Medicaid program that can help New Yorkers most in need in the future, the Executive and Legislature should continue the course correction started by the MRT, especially as they enact a budget during these troubled times.
Statement
State Budget
Statement on the Medicaid Redesign Team Recommendations
March 19, 2020
The MRT had a difficult task to do with little time, and deserves credit for soliciting public feedback, considering hundreds of proposals, and rising to the challenge of proposing significant reforms and savings without recommending tax increases.
Statement
State Budget
CBC Urges State Leaders to Adopt a "Bare Bones" Budget That Supports Pandemic Response
March 17, 2020
A world pandemic has created unprecedented dangers and hardships in New York State and New York City.
Blog
State Budget
New York State Budget (Actually) Grows at 2 Percent, Assuming $2.5 Billion in Medicaid Savings Realized
February 20, 2020
Under 2? It's True! (This time.)
Statement
State Budget
Statement on the NYS Executive Budget for FY 2021
January 22, 2020
As details of the Governor’s plan are examined over the coming weeks and months, CBC will release additional analysis and commentary.
Blog
State Budget
2020 Vision
A Four-Pronged Approach to Focus on a Balanced, Transparent State Budget
January 09, 2020
As New York State aims to remedy the current year deficit and close next year’s budget gap, State leaders should be striving to prepare the State for the future.
Blog
State Budget
Balancing the State Budget – Halfway There, But Running Out of Gas?
December 19, 2011
The Governor should avoid more new taxes as the way to close the rest of the budget gap and instead focus on containing spending growth in Medicaid, pensions, education, and economic development.
Blog
Taxes
The Tax Hike’s Silver Lining
December 07, 2011
If the temporary personal income tax hike is the price we pay for long-term reforms that enhance infrastructure, encourage job growth, make the state and local tax system more equitable, and reduce future pension costs, then it is a price worth paying.
Blog
Education
Needed Mandate Relief on the Way?
November 01, 2011
New York State imposes more than 200 special education mandates above and beyond those required by federal law; changes are needed to bring NY in line with other states.
Blog
Pensions & Benefits
How Much Did New York’s 2010 Early Retirement Incentive Save?
October 25, 2011
The CBC estimates that early retirement incentives saved taxpayers $681 million savings- less than would have been saved if the Governor had been able to achieve through layoffs.
Blog
Health Care
Cause for Concern with the Medicaid Redesign Team Implementation
October 13, 2011
NY is roughly halfway to meeting its budgeted Medicaid savings target of $2.2 billion for fiscal year 2012. A closer look suggests there is cause for concern that some of the savings may not be implemented on time.
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.