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Testimony Taxes

Comments on New York City Property Tax Reform

December 04, 2019
The balancing act facing legislators as they consider proposals to reform the property tax is how to increase equity, fairness, and transparency, while maintaining fiscal stability and reliability.
Testimony Capital Spending

Testimony on Intro. No. 113

February 12, 2019
Intro. No. 113 would require the City of New York to produce an online database of all pending construction projects that includes initial and current completion dates and costs.
Testimony Taxes

New York City Property Tax Reform

November 27, 2018
CBC makes recommendations for property tax reform to fix problems with transparency and equity of the system.
Testimony Housing

Testimony on the NYCHA Physical Needs Assessment

November 15, 2018
NYCHA has an astounding $32 billion in capital needs, a nearly fivefold increase over the last decade. Today nearly all its properties require substantial rehabilitation.
Testimony Transportation

Improving the New York City Subway System

August 08, 2017
System enhancements have often been prioritized over capital improvements of the MTA's infrastructure. The sensible and ambitious turnaround plan should be funded by motorists and increased labor productivity.
Testimony Education

Public Comment on School Planning and Siting Process

May 24, 2017
CBC offers two recommendations for improving the school planning and siting process: maximize use of existing capacity, and target new capacity to areas with the highest need.
Testimony Taxes

Testimony on Flaws in New York City's Real Property Taxation System

January 22, 2016
The two most significant issues are: 1) among residential properties, rental buildings are taxed more heavily than single family homes, and 2) within the two subgroups of residential properties—small homes and large rental buildings—property tax rates vary widely.
Testimony Capital Spending

Testimony On Ten-Year Capital Strategy and Capital Budget

May 18, 2015
The Mayor's Ten-Year Capital Strategy totals $83.8 billion- a $30 billion increase from the prior plan. CBC has two main concerns about the Strategy: there is insufficient information available to judge the investments, and the investments will add to the City’s high debt burden.
Testimony State Budget

Testimony on Improving the State Budgetary Process

December 17, 2009
In 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.
Testimony Transportation

Testimony on 2010 MTA Capital Plan

December 03, 2009
Testimony before the New York State Senate Standing Committees on Corporations, Authorities and Commissions and Investigations and Government Operations on the MTA's 2010-2014 capital plan.
Testimony Transportation

Testimony on Challenges Facing the MTA

September 03, 2009
Testimony of CBC President Carol Kellermann to the New York State Senate Finance Committee regarding the critical challenges that will face the MTA in the coming years, including balancing the MTA's operating budget, financing new capital investments, and planning and implementing capital projects.
Testimony Taxes

Testimony on NY State Tax System

March 12, 2009
This 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.
Testimony Capital Spending

Testimony on Public-Private Partnerships

January 07, 2009
The testimony offers guidelines for the application of public-private partnerships (PPPs or P3s), suggests areas in which PPPs can be used in New York, and warns against and explains potential pitfalls in the application of PPPs.