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Special Feature
City Budget
Did You Know?
NYC FY 2025 Executive Budget Edition: Spending Growth [1]
May 01, 2024
The NYC Fiscal Year 2025 Executive Budget proposes to increase City-funded spending 6.3 percent, or $5.2 billion, from fiscal year 2024 to fiscal year 2025.
Special Feature
City Budget
FAQ NYC: ‘Don’t Fudge It in the Budget’
The CITY's Podcast
April 22, 2024
Citizens Budget Commission President Andrew Rein joins hosts Katie Honan and Harry Siegel to break down what we know about the nearly quarter-trillion-dollar State budget that just dropped, weeks late, what to expect from the city's ongoing budget negotiations, and much more.
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.
Testimony
City Budget
Testimony on Public Safety Preliminary Budget Hearing
Submitted to the City Council Committee on Public Safety
March 20, 2024
CBC recently released “Straight from New Yorkers,” our 2023 Resident Survey, which provides a comprehensive, statistically valid, post-pandemic view into how New Yorkers feel about the quality of life in the city and how they rate government services.
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
City Budget
Testimony on NYC Fiscal Year 2025 Preliminary Budget
Submitted to the New York City Council Finance Committee
March 04, 2024
CBC’s analysis finds that the Preliminary Budget presents balanced budgets for fiscal years 2024 and 2025 as required by law; however, proposed spending in fiscal year 2025 is short by $3.6 billion needed to continue the current level of services.
Video
CBC News
92nd Annual Gala
Videos, Photos, and Transcripts
February 29, 2024
CBC's Gala is a must-attend event for New York's business and civic leaders. The Citizens Budget Commission honored John C. Williams, President and CEO of the Federal Reserve Bank of New York, with the Medal for High Civic Service and Daniel L. Doctoroff was honored with the Felix G. Rohatyn Award.
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.
Video
State Budget
Conversation with Blake Washington, NYS Budget Director
A CBC Event
February 15, 2024
Blake G. Washington is the Budget Director for the State of New York, and he joined CBC Trustees for an in-depth look at the State’s fiscal picture.
Video
Energy & Environment
Conversation with Doreen Harris and Basil Seggos
A CBC Event
January 25, 2024
Doreen M. Harris is the president and CEO of NYSERDA and Basil Seggos is the NYS DEC Commissioner. They joined CBC Trustees for a far-reaching discussion of the State’s environment policies and programs.
Testimony
Economic Development
Testimony on the Penn Station Area Civic and Land Use Improvement Project
Submitted to Empire State Development
December 08, 2021
Individually and collectively, these projects could contribute to New York’s long-term competitiveness and well-being.
Testimony
Housing
Testimony on NYCHA’s Capital Spending of City Funds
Submitted to the City Council Committee on Public Housing and Subcommittee on Capital Budget
November 18, 2021
I will focus on two topics: first, how additional City capital funding and new policy approaches are helping to address NYCHA’s capital needs, and second, the process and procurement reforms needed to ensure that NYCHA spends all—not just City—capital dollars effectively and efficiently.
Video
CBC News
Conversation with NYC Comptroller-Elect Brad Lander
A CBC Event
November 18, 2021
Brad Lander is the NYC Comptroller-elect and current member of the New York City Council, representing the 39th District in Brooklyn.
Special Feature
City Budget
Jobs Recovery Sluggish
The COVID-19 Recession is Different
November 04, 2021
NYC private-sector employment data show how the City’s economy has grown and changed since the 1990s and provide significant insight into how the City is faring during the COVID-19 pandemic and recession. CBC will be updating the figures and data quarterly to track the City’s recovery.
Testimony
City Budget
Testimony on Oversight of Changes to Municipal Retirees’ Health Care Plan
Testimony before the City Council Committee on Civil Service and Labor
October 28, 2021
This agreement starts right and then veers off course to miss the finish line because the resulting savings do not flow to the City’s bottom line.
Video
CBC News
89th Annual Awards Dinner
Honoring Secretary Pete Buttigieg, Alair Townsend, and Chuck Brecher
October 20, 2021
CBC presented its Medal for High Civic Service to Transportation Secretary Pete Buttigieg, the Felix G. Rohatyn Award to Alair Townsend, and the Prize for Public Service Excellence to The Vaccine Command Center. CBC also paid special tribute to Research Director Emeritus Charles Brecher.
Video
CBC News
89th Annual Awards Dinner
Honoring Secretary Pete Buttigieg, Alair Townsend, and Chuck Brecher
October 20, 2021
CBC presented its Medal for High Civic Service to Transportation Secretary Pete Buttigieg, the Felix G. Rohatyn Award to Alair Townsend, and the Prize for Public Service Excellence to The Vaccine Command Center. CBC also paid special tribute to Research Director Emeritus Charles Brecher.
Special Feature
Public Workforce
NYC Employee Headcount
October 18, 2021
New York City's headcount declined by 3.4 percent (11,175 positions) from fiscal year 2020 to fiscal year 2021, but the Mayor's Adopted Budget for authorized a substantial increase for fiscal year 2022
Testimony
State Budget
Testimony on New School Aid Spending and Performance
Testimony submitted to the New York State Senate Committees on Education, New York City Education, and Budget and Revenue
October 05, 2021
New York State should ensure that this massive school funding increase drives results and target school aid to districts with the greatest needs.
Testimony
Transportation
Testimony on the MTA’s Finances and Operations
Testimony before the Senate Standing Committee on Corporations, Authorities and Commissions; and the Senate Standing Committee on Transportation
September 29, 2021
The MTA is facing a long-term structural deficit of approximately $2.7 billion annually, meaning its recurring income from fares, tolls, and other sources will be roughly $2.7 billion less than the recurring expenditures needed to run the system.