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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.
Podcast episode Transportation
May 23, 20191.28 cents is the amount New York collects in fuel taxes for every vehicle mile driven. A recent CBC report "Switching Gears" explored the implementation of an innovative approach to finance highway and bridge improvements: a vehicle-miles traveled fee. What’s a VMT and how does it work? CBC's Patrick Orecki, the author of the report, joined the podcast to discuss what a VMT might look like in New York.
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.
Podcast episode Transportation
March 21, 2019202 is the number traffic related fatalities in NYC in 2018, a record low. NYC DOT Commissioner Polly Trottenberg joined the podcast to discuss the success of Vision Zero, her approach to managing city transit, and her role on the MTA Board.
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.
Blog State Budget
December 13, 2018There is significant revenue potential from the marijuana industry, but research suggests that many months or years of careful planning precede consistent revenues.
November 27, 2018CBC makes recommendations for property tax reform to fix problems with transparency and equity of the system.
Podcast episode Taxes
November 16, 20181981 is the year in which the State Legislature enacted S7000A, the landmark law that established the current property tax system for New York City. The problems with the property tax system have led to repeated calls for reform, including pending litigation. This past May, Mayor de Blasio and Speaker Johnson formed the Advisory Commission on Property Tax Reform. In September, the Citizens Budget Commission, the Regional Plan Association, and NYU Robert Wagner School of Public Service held a panel to discuss the problem, inequities and potential reforms
November 15, 2018NYCHA has an astounding $32 billion in capital needs, a nearly fivefold increase over the last decade. Today nearly all its properties require substantial rehabilitation.
September 13, 2018NYC Advisory Commission on Property Tax Reform is charged with recommending reforms to make the NYC property tax fairer, simpler, and more transparent. CBC, the Regional Plan Association, and NYU Wagner convened a panel to discuss the current property tax system and the reforms that should be pursued.