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December 21, 2017The Special Committee consists of CBC trustees, civic leaders, and policy experts, and will identify the greatest impacts and options for appropriate state and local government action.
Op Ed State Budget
December 13, 2017The Citizens Budget Commission is a long-time critic of the New York State Film Tax Credit program and supports its repeal. However, due to some unusual provisions of state tax law, repeal of the credit will not yield immediate state savings.
Report Economic Development
December 05, 2017This report provides an overview of TIF and a five-point checklist drawn from lessons learned from past projects to help identify potential TIF projects.
Podcast episode Taxes
November 30, 2017$26 billion is the amount of property taxes the City will collect this fiscal year-- it is the largest single source of revenue that funds NYC government. Special guest Martha Stark is a former Commissioner of the Department of Finance. She joined the podcast to discuss the complexities of the system for valuing and taxing real property and explained why reform is badly needed.
Press Release Economic Development
November 02, 2017CBC examined the process for setting assessment fees, their uses, and the city’s oversight of BIDs, and recommends increased public review and performance evaluation.
July 10, 2017New York State and local tax deductions, New York City’s $85 billion fiscal plan for 2018, and the inequity of New York City’s real estate property tax system.
April 25, 2017A judicial review based on objective evidence presented in a public forum can be a catalyst for constructive change of the seriously flawed NYC property tax.
Blog Economic Development
April 07, 2017It's official: NY's economic development programs cost more than in any other state.
Testimony State Budget
December 17, 2009In this testimony the CBC assesses the effectiveness of provisions in the New York State Budget Reform Act of 2007 and makes additional recommendations for improving transparency, forecasting, and flexibility.
Letter Pensions & Benefits
May 12, 2009This letter from the CBC urges the Governor to veto A4628, a bill that would renew the provision that prohibits school districts from reducing the health insurance benefits offered to retirees unless the changes are approved by the local teachers union.
March 12, 2009This testimony emphasizes two key points about New York’s personal income tax (PIT) and offers a framework for thinking about tax reform in the current fiscal context: 1) New York’s PIT is progressive, but its overall tax structure is not; and 2) New York’s economic competitiveness should be an important factor in considering changes to its tax rates.
Letter State Budget
February 25, 2009This letter to the Legislature warns that the federal aid to New York is limited and temporary, suggests ten do’s and don’ts for using the federal funds and closing the budget gap while avoiding harmful cuts and tax increases, and highlights possible allocation of the funds.
Letter State Budget
February 02, 2009This letter to the state legislature suggests two strategic directions to guide budget policy and offers a roadmap that avoids harmful tax increases and makes spending better serve New Yorkers by suggesting reforms in five key areas: Medicaid, school aid, correctional facilities, public employee benefits, and programs like STAR and Empire Zones.