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Letter State Budget
December 10, 2019The Citizens Budget Commission welcomes the recognition that the State must immediately address its serious fiscal imbalance.
December 04, 2019The balancing act facing legislators as they consider proposals to reform the property tax is how to increase equity, fairness, and transparency, while maintaining fiscal stability and reliability.
November 25, 2019CBC has long seen housing affordability as a key factor affecting New York City’s long-term competitiveness.
Podcast episode Taxes
October 24, 2019$81.3 billion the amount of tax revenue New York State will collect in fiscal year 2020—46 percent of all resources in the $176 billion New York State budget.
Michael Schmidt, Commissioner of the New York State Department of Taxation and Finance, joined the podcast to parse the details on the State’s tax base and taxation policies.
October 11, 2019Deputy Mayor Been joined CBC to discuss City housing and economic development policy in a fireside chat with CBC President Andrew Rein.
Special Feature Housing
October 10, 2019This infographic presents a snapshot of Mayor's Housing Plan, Capital Commitments for Housing, NYCHA's Capital Needs, and NYC Tax Expenditures and Revenue.
Press Release Housing
October 10, 2019Mayor de Blasio today announced the creation of a working group to address the future of the Fulton Houses, Elliot-Chelsea, and Chelsea Addition NYCHA developments.
Podcast episode Housing
September 20, 201990% is the share of NYCHA units that are at risk of no longer being cost effective to repair by 2027 at the current rate of deterioration. NYCHA released a plan to address this in December 2018. CBC Senior Research Associate Sean Campion joins the pod to discuss progress, the urgency of success, and the dismal impact of failure.
September 17, 2019Success of NYCHA 2.0 will require political, labor, and community support; assistance from City, State, and federal governments; and significant management improvements.
August 13, 2019PIT revenues are a significant - and volatile - part of State and City budgets.
Podcast episode Housing
June 07, 20196/15 is the date when NYS rent laws are set to expire. Strengthening rent regulation is a top priority for the Governor and state lawmakers in the closing days of the legislative session. Listen to REBNY President John Banks and Assemblymember Harvey Epstein share their perspectives.
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.
May 02, 2019When considering reform, the Legislature should evaluate the potential to worsen rather than improve tenants’ living conditions.
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.
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.
March 08, 2019The federal monitor is tasked with ensuring that NYCHA will remediate its most pressing physical issues, including lead, mold, broken elevators, and other deficiencies.
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.
January 30, 2019New York is a city of renters, and rent regulated units account for nearly half of the city’s rental housing stock.
December 21, 2017The Special Committee consists of CBC trustees, civic leaders, and policy experts, and will identify the greatest impacts and options for appropriate state and local government action.