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Podcast episode
Housing
1.4%, with Vicki Been
May 02, 2024
1.4% is NYC’s current—and historically low—apartment vacancy rate. New York City and State are in the throes of a housing crisis caused by decades of underproduction. To discuss the latest housing policy news affecting both NYC and the state, we’re joined by national housing expert Vicki Been, professor at NYU's Furman Center and former NYC Deputy Mayor for Housing and Economic Development.
Podcast episode
Housing
$60 billion, with Lisa Bova-Hiatt and Jamie Rubin
April 05, 2024
$60 billion is how much NYCHA plans to invest in its infrastructure over 5 years. Facing ongoing challenges such as budget gaps, weakening rent collection, and deteriorating physical conditions, NYCHA CEO Lisa Bova-Hiatt and Chair Jamie Rubin shared their strategies for managing the nation's largest public housing system.
Report
Transportation
It’s Only Fair
Policies to Reduce Fare and Toll Evasion Are Critical to Transit Sustainability
April 02, 2024
In 2023, the cost to the MTA alone was more than $700 million, which evidence suggests is growing.
Video
Housing
Conversation with NYCHA CEO Lisa Bova-Hiatt and NYCHA Chair Jamie Rubin
How NYCHA plans to invest $60B over 5 years
March 27, 2024
Lisa Bova-Hiatt is the Chief Executive Officer (CEO) of the New York City Housing Authority, and Jamie Rubin is the Chair of the New York City Housing Authority.
Statement
Pensions & Benefits
Statement on Proposed Tier 6 Benefit Sweetener as Part of State’s Fiscal Year 2025 Budget
March 27, 2024
The proposed change to Tier 6 pension benefits, which will cost the State and local governments in New York nearly $400 million per year, is unnecessary, expensive, and should be rejected.
Testimony
Housing
Testimony on the New York City Housing Authority and the City’s Preliminary Fiscal Year 2025 Budget
New York City Council Committee on Public Housing
March 12, 2024
Many critical steps should be taken quickly to stabilize NYCHA’s budget and improve physical conditions.
Testimony
Transportation
Public Comment on the Proposed Structure For the Central Business District Tolling Program
Submitted to the Metropolitan Transportation Authority
February 29, 2024
While the Citizens Budget Commission (CBC) has long held the position that there should not be credits for bridge or tunnel crossings, we believe the Traffic Mobility Review Board’s (TMRB) congestion pricing toll recommendations, as a whole, are reasonable.
Presentation
City Budget
Briefing on the Latest NYC & NYS FY 2023 Budget Updates
December 13, 2022
The latest updates to the NYC, NYS and MTA Budgets.
Letter
State Budget
CBC Urges Governor to Veto "Toll Payer Protection Act"
A Letter to the Governor
December 13, 2022
CBC recommends that you veto A3801A/S3587C, the “toll payer protection act,” which would limit the ability of State authorities to collect tolls by mail and impose penalties for non-payment.
Report
Housing
The Potential for Office-to-Residential Conversions
Lessons from 421-g
December 11, 2022
This brief analyzes how the 421-g program was used and offers lessons for designing a cost-effective program to support office-to-residential conversions in today’s market.
Blog
Transportation
What to Look For in the MTA's November 2022 Budget Update
November 21, 2022
The MTA should seize the opportunity and runway created by federal aid to implement efficiency-focused operating reforms and restructure its long-term debt.
Op Ed
Transportation
How to Fix the MTA's Huge Budget Deficit
Crain’s New York Business
November 21, 2022
A strong public transit system is essential to New York’s economy and New Yorkers’ quality of life.
Testimony
City Budget
Testimony on the Recommendations of the NYC Advisory Commission on Property Tax Reform
Submitted to the New York City Council Committee on Finance
November 15, 2022
While momentum for property tax reform was slowed by the pandemic, the need for it has not diminished.
Podcast episode
Housing
1 in 3, with Chief Housing Officer Jessica Katz
November 11, 2022
1 in 3 is the number of households in New York City that are severely rent burdened. That means nearly 600,000 households are spending more than half of their monthly income on rent, electricity, and heat. At a recent CBC Trustee event, Jessica Katz, NYC's Chief Housing Officer, discussed how the Adams administration is tackling NYC's housing needs and managing its housing agenda to ensure success.
Testimony
Energy & Environment
Testimony on Renewable Energy and New York City’s Climate Adaptation
Submitted to the New York City Council Committee on Environmental Protection
October 13, 2022
CBC’s work has focused on implementing both the CLCPA and LL97 using the most cost-effective strategies and balancing economic incentives to further these ambitious GHG reduction goals.
Podcast episode
Housing
2 1/2, the Land Use Edition
October 04, 2022
2 1/2 is the average number of years it takes a private rezoning application to get approved in New York City, and that doesn't include the often lengthy informal pre-review negotiations. This is one of many findings in CBC's report "Improving New York City's Land Use Decision-Making Process," which can be found at cbcny.org. At a special panel discussion, Maria Torres-Springer, the Deputy Mayor for Economic and Workforce Development, delivered opening remarks on the Administration's efforts to tackle New York's housing challenges, followed by a policy panel steeped in experience with New York City's land use process.
Video
Housing
How New York Can Improve Its Land Use Decision-Making Process
A CBC Event
September 28, 2022
CBC convened key stakeholders to discuss how to improve the City's land use decision-making process.
Testimony
Transportation
Testimony on NYC Ferry
Delivered to the New York City Council Committees on Transportation and Infrastructure and Economic Development
September 22, 2022
Reducing the ferry subsidy is vitally important to EDC’s capacity to meet its core economic development mission.
Testimony
Public Workforce
Testimony on the NYC Municipal Workforce
Delivered before the New York City Council Committees on Civil Service and Labor, and Oversight and Investigations
September 09, 2022
The City needs to move the existing vacancies to where they are needed, streamline the hiring process, and consider how to be more flexible given the tight labor market and modern career paths.
Report
Economic Development
Improving New York City’s Land Use Decision-Making Process
September 06, 2022
This report examines and identifies why New York’s land use decision-making process impedes action to address New York’s needs and recommends improvements.