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Press Release
CBC News
CBC Submits "Testimony on Congestion Pricing and the MTA's Fiscal Health
August 17, 2023
Congestion pricing revenues will provide critical funding for one-quarter of the MTA's 2020-2024 Capital Plan—resources that are essential to ensure progress toward a state of good repair for the region's transit system.
Testimony
Transportation
Testimony on Congestion Pricing and the MTA's Fiscal Health
Submitted to the New York City Council Committee on Transportation and Infrastructure
August 17, 2023
As long-time supporters of congestion pricing, we are pleased that the MTA has secured federal approval and moved into the implementation phase.
Press Release
CBC News
CBC Releases "5 Myths and Facts about the NYC FY 2024 Budget"
August 15, 2023
A lot has been said about the NYC's fiscal year 2024 budget—from its size to the cuts to its manageability—but these claims are not supported by the facts.
Press Release
CBC News
CBC Releases "11 Billion Reasons to Rethink: New York's Increasing Economic Development Spending"
July 20, 2023
CBC's new policy brief reveals that New York's State and local economic development spending continues to increase without sufficient evidence that these programs cost-effectively create jobs.
Letter
Transportation
Five Recommendations on Congestion Pricing
A Letter to the Traffic Mobility Review Board
July 19, 2023
CBC has long supported congestion pricing to further three important goals: reduce congestion, reduce emissions, and support the MTA’s capital plan. We urge the Board to follow CBC’s five recommendations to ensure balanced progress on all three goals.
Press Release
CBC News
CBC Releases "Stabilized, for Now: The MTA's Operating Budget's Long-Run Outlook"
July 17, 2023
The MTA still has a long-run structural gap—$900 million—that will reemerge in 2029.
Press Release
CBC News
CBC Releases "Making Hay While the Sun Shines"
June 28, 2023
CBC recommends five additional reforms needed to ensure the State builds sufficient savings.
Press Release
CBC News
CBC Releases Letter to Mayor and Speaker on FY 2024 Budget Adoption
June 26, 2023
Today CBC sent a letter urging Mayor Adams and Speaker Adams to adopt a fiscal year 2024 budget that not only provides critical services to New Yorkers in the upcoming year but stabilizes the City’s precarious fiscal and service outlook.
Letter
City Budget
Letter to Mayor and Speaker on FY 2024 Budget Adoption
Recommendations to Budget Realistically and Stabilize Finances
June 26, 2023
CBC urges you to adopt a fiscal year 2024 budget that not only provides critical services to New Yorkers in the upcoming year but stabilizes the City’s precarious fiscal and service outlook.
Press Release
CBC News
CBC Submits Public Comment on Proposed Changes to the Metropolitan Transportation Authority’s Fares and Tolls
June 22, 2023
While the State rescue plan provides significant resources, it does not solve the MTA’s operating budget problem.
Testimony
Transportation
Public Comment on Proposed Changes to the Metropolitan Transportation Authority’s Fares and Tolls
Submitted to the Metropolitan Transportation Authority
June 22, 2023
We support the proposed increase in fares and tolls since it is essential for the MTA’s fiscal health and wholly appropriate for riders and drivers to pay a reasonable portion of costs.
Press Release
CBC News
CBC Releases "New York State Budget Process Reform—Little Progress"
June 21, 2023
At the outset of budget season, CBC made 12 recommendations to improve New York State’s budgeting and fiscal management.
Press Release
CBC News
CBC Releases "Spending In Perspective" and "PEGs In Perspective"
May 23, 2023
As City Council Executive Budget hearings wrap up, signaling the next stage of New York City budget negotiations, the CBCs two new releases, Spending in Perspective and PEGs in Perspective, reveal that:
Press Release
CBC News
CBC Releases "Fiscal Year 2024 Executive Budget: NYC Department of Education Overview"
May 22, 2023
The fiscal year 2024 budget is nearly $500 million below the current projection for fiscal year 2023.
Press Release
CBC News
CBC Releases "Uncertain Future, Urgent Priority: Fix NYCHA's Operating Budget Now"
May 18, 2023
CBC's new policy brief reveals that NNYCHA’s long-standing fiscal challenges have worsened, and that the consequences of delaying long overdue fixes could be dire.
Press Release
CBC News
CBC Releases "Not Undercover: The NYC Fiscal Year 2024 Executive Budget for the NYPD"
May 17, 2023
CBC’s new blog finds that the $10.8 billion allocated to the NYPD for fiscal year 2024 is likely $600 million less than is needed to fund recent collective bargaining agreements and overtime.
Press Release
CBC News
CBC Releases "4 Fast FHEPS Facts"
May 08, 2023
CBC's new blog finds that spending on New York City's rental assistance programs is expected to reach $636 million in fiscal year 2023.
Press Release
CBC Releases "7 Facts About the NYC Department of Buildings"
April 25, 2023
The NYC Department of Buildings (DOB) is critical to ensuring the safety of the city’s buildings and construction, supporting development through efficient permitting and plan review, and enforcing compliance with building and zoning codes.
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.
Press Release
CBC News
CBC Releases "7 Facts about the Adams Administration’s Prior Savings Plans"
April 12, 2023
When Mayor Eric Adams’ Administration directed City agencies to implement a PEG (Program to Eliminate the Gap) last week, many were concerned about the potential service impact since the Administration had already implemented three savings plans.