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Testimony
Energy & Environment
Comment on the Second Set of Proposed Rules for Local Law 97
Submitted to the New York City Department of Buildings
October 24, 2023
CBC has long advocated to incentivize cost-effective compliance paths that prioritize emissions reduction over merely paying the fines.
Letter
State Budget
Watchdogs Urge Governor to Veto S7562/A7757 to Amend the Film Tax Credit
A Letter to the Governor
October 16, 2023
CBC recommends that you veto S7562/A7757, which expands eligibility for the Empire State Film Production Credit.
Testimony
Housing
Testimony on the New York City Housing Authority’s 2023 Physical Needs Assessment
Submitted to the New York City Council Committee on Public Housing
September 22, 2023
NYCHA’s PNA provides the information needed to identify what has happened to NYCHA’s housing stock over the past five years and to help plan for its future.
Blog
Housing
4 Fast FHEPS Facts
May 08, 2023
The cost of these rental assistance programs has increased immensely, from $16 million in fiscal year 2015 to an anticipated $636 million in fiscal year 2023.
Letter
State Budget
Letter to State Leaders About State Aid to NYCHA for Rent Arrears
A Letter to the Governor, Senate Majority Leader, and Assembly Speaker
April 14, 2023
NYCHA’s health is critically important to the well-being of its residents and to the fiscal health of the State and New York City.
Testimony
Education
Testimony on the NYC Department of Education and the City’s FY 2024 Preliminary Budget
Submitted to the New York City Council Committee on Education
March 15, 2023
Understanding the DOE’s budget and spending trends prior to and throughout the pandemic, and the implications for fiscal year 2024 and beyond, is vital to determine how much of the City’s resources should be allocated to the DOE going forward.
Testimony
Housing
Testimony on the New York City Housing Authority and the City's Preliminary Fiscal Year 2024 Budget
New York City Council Committee on Public Housing
March 13, 2023
To balance its budget and fund its basic operations, NYCHA was increasingly reliant on City subsidies and non-recurring funding sources.
Blog
Economic Development
Shrink, Don’t Expand, the New York State Film Tax Credit
March 06, 2023
The current program already is overly generous compared to other states and should be phased out.
Blog
Housing
Building the Housing We Need
State Proposes Cost-Effective Strategies to Boost Production, Increase Affordability
March 01, 2023
Governor Kathy Hochul proposed a package of bills intended to double New York’s housing production rate to create 800,000 new units over the next decade.
Testimony
Housing
Testimony on the Residential Conversion of Commercial Buildings
Submitted to the New York City Council Committee on Land Use
February 28, 2023
Even though New York City’s economy and real estate market are both much stronger today than they were in the early 1990s, the history of 421-g remains relevant.
Letter
State Budget
New York State Should Responsibly Address Serious Fiscal Imbalance
A Letter to Governor Cuomo, Majority Leader Stewart-Cousins, and Speaker Heastie
December 10, 2019
The Citizens Budget Commission welcomes the recognition that the State must immediately address its serious fiscal imbalance.
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
Education
Testimony on the Distribution of the Foundation Aid Formula as it Relates to Pupil and District Needs
December 03, 2019
Despite significant increases in state aid and local revenues, not all districts have the resources to provide a sound basic education, and some wealthy districts have more than needed.
Testimony
Housing
Testimony on State Policies and Housing Development in New York City
November 25, 2019
CBC has long seen housing affordability as a key factor affecting New York City’s long-term competitiveness.
Blog
Taxes
Personal Income Tax Revenues in New York State and City
August 13, 2019
PIT revenues are a significant - and volatile - part of State and City budgets.
Testimony
Education
Testimony to the U.S. Commission on Civil Rights
June 12, 2019
Despite significant increases in state aid and local revenues—not all districts have the resources to provide a sound basic education in 2020.
Blog
Education
Adopted Budget Continues Unequal Access to a Sound Basic Education
May 22, 2019
It will cost NYS school districts approximately $62.6 billion to provide a sound basic education to all students, yet several districts will not have enough funding.
Testimony
Housing
Testimony on Rent Regulation Renewal
Submitted to the NYS Assembly’s Standing Committee on Housing
May 02, 2019
When considering reform, the Legislature should evaluate the potential to worsen rather than improve tenants’ living conditions.
Blog
Taxes
Follow the Money
The MTA’s New Revenues
April 05, 2019
The 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.
Blog
Taxes
Pied-à-Terre Tax
Appealing but Problematic
March 13, 2019
The 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.