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February 21, 2020City taxpayers pay 71% on MTA non-toll, non-federal revenues.
Podcast episode State Budget
December 11, 2019$28.8 billion is the cumulative four-year budget gap facing New York State between fiscal years 2020 and 2023. CBC President Andrew Rein joined the podcast to explain how the State should get its fiscal house in order. And for a special treat, CBC's Andrew Perry and Ana Champeny discuss regional economic development and NYC property taxes. Happy Holidays!
Letter State Budget
December 10, 2019The Citizens Budget Commission welcomes the recognition that the State must immediately address its serious fiscal imbalance.
Press Release State Budget
December 09, 2019CBC Report Finds Massive Needed Scale Up of Renewable Generation Capacity Infeasible in Time to Meet 2030 Goal.
Report State Budget
December 09, 2019While GHG emissions have risen in other large states like Texas and Florida, New York has been a leader in reducing GHG emissions; the continued focus on getting greener through further emissions reductions is necessary and important.
December 04, 2019The 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.
Letter Capital Spending
November 27, 2019CBC urges Governor Cuomo to sign A7636B/S6293A, which would authorize NYC to use design-build and other innovative capital procurement methods.
Letter Capital Spending
November 11, 2019The CBC recommends that the Governor sign A4880/S1673, which would improve capital planning for transportation infrastructure in New York State.
August 13, 2019PIT revenues are a significant - and volatile - part of State and City budgets.
July 09, 2019Administrative solutions can reduce school crowding and limit the need to build expensive new school buildings.
Blog Capital Spending
June 07, 2019Like most other spending decisions, capital spending is best decided during budget negotiations.
Special Feature City Budget
May 13, 2019A snapshot of NYC's budget, including projections for spending, headcount, savings, liabilities, and revenue shortfalls in case of a recession.
April 05, 2019The NYS Adopted FY 2020 Budget directs three revenue sources to support the MTA. This blog clarifies what the revenue streams are and how they will flow to the lockbox.
Letter City Budget
March 26, 2019CBC's proposal to focus the Borough President capital budget role on identifying needs and providing recommendations.
March 19, 2019Options for raising sufficient funds for roads and transit statewide include increasing tolls and fees, enacting congestion pricing, and implementing a vehicle-miles traveled (VMT) fee.
March 13, 2019The pied-à-terre tax is appealing politically because it is levied on wealthy people with means to pay and nonresidents who do not vote. Nevertheless, it is problematic for several reasons.
Special Feature Capital Spending
March 04, 2019New York City debt outstanding grew to $119 billion—76 percent since 2005.
Blog City Budget
February 26, 2019The potential shortfall from a recession comparable to the last two recessions could be substantial: between $15 billion and $20 billion below projections over three years.
Testimony Capital Spending
February 12, 2019Intro. 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.
December 13, 2018This paper was prepared by HR&A Advisors as a background paper for the December 2018 CBC Conference on most important fiscal and economic issues facing New York State. The paper provides recommendations for how NYS should prioritize, fund, and deliver key infrastructure investments.