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Report
Economic Development
Determining an Appropriate Buffalo Stadium Subsidy
Don't Just Wing It
March 21, 2022
New York does not have a good track record of demonstrating that its economic development programs yield benefits exceeding their costs.
Podcast episode
State Budget
$0, with Robert Mujica
March 18, 2022
$0 is the size of the New York State budget deficit in each year of New York State’s five-year Executive Budget financial plan, as proposed by Governor Kathy Hochul. The Governor’s budget proposal balances the budget in each of the next five years, an unprecedented level of fiscal stability for the State. This balance and fiscal strength is driven by strong State tax receipts and extraordinary federal fiscal relief. The proposed budget also makes significant deposits to reserves. At an event with CBC Trustees, New York State Budget Director Robert Mujica presented the details of the State’s budget, and the fiscal and economic outlook going forward.
Video
CBC News
Annual Budget Briefing with NYS Budget Director Robert Mujica
Annual Budget Briefing (2021)
March 14, 2022
CBC's seventh annual budget briefing with Director Robert F. Mujica.
Statement
State Budget
Statement on New York State Budget Negotiations
March 14, 2022
New Yorkers have significant needs coming out of the pandemic and recession, and fortunately strong tax revenues and unprecedented one-time federal aid provide a great opportunity to help New Yorkers both now and in the future. Still, wise choices are needed to ensure this happens.
Letter
State Budget
Recommendations for Legislative Action on the Fiscal Year 2023 NYS Executive Budget
Letter to the State Legislature
March 03, 2022
The Executive Budget commendably proposed a financial plan that is balanced over the next five years and builds significant reserves, which will be critical to stabilize New York during the next recession or emergency.
Letter
State Budget
Watchdog Groups Urge Legislature to Reject Extraordinary Budget Powers
A Letter to the Legislature
March 02, 2022
We urge you to reject the Governor’s Fiscal Year 2023 Executive Budget proposals that would give the Executive broad and unilateral powers, and amend other proposals to better define their uses and oversight.
Statement
Taxes
Statement Regarding the New York State Joint Legislative Budget Hearing on Taxes
February 16, 2022
The enacted State budget should allow the business tax increase to sunset and should restrain spending to allow the personal income tax increase to sunset sooner or at least as scheduled.
Statement
Economic Development
Statement Regarding the New York State Joint Legislative Budget Hearing on Economic Development
February 16, 2022
Without improvements in the State’s allocation decisions, oversight and reporting, and evaluation, New Yorkers are unlikely to get the value and economic impact they deserve.
Statement
State Budget
Statement Regarding the New York State Joint Legislative Budget Hearing on Transportation
February 15, 2022
The Fiscal Year 2023 Executive Budget includes new and increased funding for State and local transportation infrastructure, including projects to improve the state of good repair of roads and bridges, redesign and restructure highways and bridges, and increase support for regional transportation authorities.
Podcast episode
State Budget
$216 billion, with Governor Kathy Hochul
February 11, 2022
$216 billion is the size of New York State fiscal year 2023 budget proposed by Governor Kathy Hochul. The proposed spending plan is balanced over five years and makes significant deposits to reserves, but also maintains high taxes and accelerates State spending growth. At an event with CBC Trustees, Governor Hochul and CBC President Andrew Rein discussed the continued improvement of the State's fiscal outlook, budget negotiations, priorities for COVID recovery, the MTA and more.
Video
CBC News
Conversation with Governor Kathy Hochul
A CBC Event
February 03, 2022
On February 3, 2022, Governor Hochul spoke about State budget and policy priorities and take questions from CBC President Andrew Rein.
Statement
Housing
Statement in Regard to the New York State Joint Legislative Budget Hearing on Housing
January 31, 2022
We are pleased that the Governor’s Fiscal Year 2023 Executive Budget included several proposals to encourage the production of more housing.
Statement
State Budget
Statement on the NYS Executive Budget for Fiscal Year 2023
January 18, 2022
Governor Hochul today proposed her Fiscal Year 2023 Executive Budget amidst continued strong receipts, New Yorkers’ significant needs, and ongoing economic uncertainty.
Testimony
Housing
Testimony on Senate Bill 3082 on Good Cause Eviction
Submitted to the Senate Standing Committee on Judiciary and the Senate Standing Committee on Housing, Construction and Community Development
January 07, 2022
Thank you for the opportunity to testify on S3082, which would amend the Real Property Law to prohibit eviction or non-renewal of leases without “good cause.”
Statement
State Budget
CBC Statement on Governor Hochul's 2022 State of the State Address
January 05, 2022
In her first State of the State address today, Governor Kathy Hochul laid out an expansive recovery and policy agenda, and presaged elements of the budget she will release by January 18th.
Blog
State Budget
Recommendations to Strengthen the State
NYS Priorities that Promote Recovery, Transparency, Accountability, and Fiscal Stability
January 04, 2022
Governor Kathy Hochul's budget and policy priorities provide the opportunity to build a strong fiscal future, and to improve transparency and accountability.
Report
State Budget
New York's Endangered Future
Debt Beyond Our Means
September 21, 2005
New York State's debt obligations will require current and future taxpayers to bear a burden that creates a competitive disadvantage with the other states. The core issue is that New York has no effective legal limits on the amount of debt it can assume. CBC advocates for short-run and long-run measures; in the near term, voters should reject bond referendums such as the Transportation Bond Act of 2005 until debt is brought under control, and in the long-run the State must strike a balance between adequate infrastructure investment and a competitive debt burden.
Report
State Budget
The Palisades Principles Revisited
A Progress Report
June 04, 2005
CBC reviews New York State’s progress on the 10 principles of budget reform known as the Palisades Principles. These 10 principles emerged from a statewide conference of civic and business leaders held in November 2003 in Palisades, NY. Of the 10 principles, four have shown no progress, five have shown some progress, and only one has shown significant progress.
Report
State Budget
Recommendations for the New York State 2005-2006 Budget
March 21, 2005
CBC recommends for the fiscal year 2005-2006 State budget: 1) Significantly reduce spending on Medicaid and on ineffective programs; 2) Make meaningful progress in a long-run realignment of state and local fiscal responsibilities for Medicaid and school financing; 3) Balance the budget with recurring revenues; and 4) Enact the budget on time and in full sunlight.
Report
Education
Can New York Get An A In School Finance Reform?
January 01, 2005
The State of New York faces a major challenge stemming from a 2003 ruling by the Court of Appeals, the State’s highest court, which found that the more than 1 million children in New York City’s public schools were not provided with the sound basic education guaranteed to them by the State Constitution. CBC addresses two fundamental questions: Where should the money come from? What changes other than more money are essential to improving educational outcomes?