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Blog State Budget
June 25, 2020Any consideration of tax increases should include the impact on State and local economic competitiveness
Video State Budget
April 04, 2020David Friedfel from CBC breaks down the final spending plan and what it means for New Yorkers.
March 12, 2020NYCHA, with financial assistance from the City, has begun to allocate funds for capital staffing, lead remediation, and additional front-line staff who operate and maintain its public housing
February 21, 2020City taxpayers pay 71% on MTA non-toll, non-federal revenues.
Podcast episode Housing
January 30, 20206 months is the time the New York City Housing Authority has to develop a reorganization plan. In this episode NYCHA Chair & CEO Greg Russ discusses working with the federal monitor to facilitate change, working with residents to instill confidence, and what needs to happen at NYCHA to make it a high-performing agency that can ably serve its 380,000 residents.
Special Feature Housing
January 28, 2020This infographic presents a snapshot of NYCHA's Operating Budget, Capital Budget, and capital needs.
January 28, 2020NYCHA Chair & CEO Gregory Russ joined CBC to discuss public housing in a fireside chat with CBC President Andrew Rein.
January 13, 2020While housing is the largest share of spending for most households, a more robust picture of affordability also should include transportation costs.
December 22, 2016Why do owners of the same type of property pay vastly different rates?
Report Economic Development
September 28, 2016How does the New York City metro area compare to other large cities in the competition for a talented workforce? Affordability and commute times remain challenges.
July 18, 2016The New York City Department of Housing Preservation and Development is the nation's largest municipal housing agency, and is charged with implementing the largest housing plan in the city's history. How's it doing?
Report State Budget
June 20, 2016The impact of a possible recession could be as high as $59 billion, or 18.2 percent of tax revenues over four years.
January 22, 2016The two most significant issues are: 1) among residential properties, rental buildings are taxed more heavily than single family homes, and 2) within the two subgroups of residential properties—small homes and large rental buildings—property tax rates vary widely.
June 01, 2010This report is designed to inform debates over changes in rent regulation. It provides background information including a history of rent regulation laws and an overview of the rental housing market in New York City, it describes the benefits of current rent regulations in the forms of “discounts” to affected households and increases in “affordable” housing for New Yorkers, it assesses the evidence relating to criticisms of rent regulation, and it recommends future rent regulation policies based on the findings discussed.
February 04, 2008CBC recently looked at the option of expanding New York’s existing circuit breaker program to provide targeted relief to the neediest taxpayers as background for a forum on local tax relief convened on December 6, 2007. Based on that review of options the following points, outlined in this report, can be highlighted: 1) Circuit breakers are common; 2) New York’s circuit breaker needs reform; and 3) The poorly crafted School Tax Relief Program (STAR) would work better as a circuit breaker.
December 06, 2007A background paper for the third session of a 2007 stakeholder conference to “fix Albany.” The process by which the next budget is prepared and debated, as well as the substantive decisions it embodies, are critical to the movement for political and fiscal reform in New York State. This paper focuses on a more equitable and affordable local tax burden.
Presentation State Budget
December 06, 2007Presentation from a stakeholder conference on setting budget reform priorities in 2007.
June 02, 2007This report focuses on state and local business taxes in New York City, showing that those taxes are dramatically higher than comparable taxes for key competitors. Combined federal, state, and local taxes reduce the rate of return on new business investment in New York City significantly – about 36-50 percent, depending on location and industry. Most of this is due to federal tax – typically 34-36 percentage points. Taxes in New York City were the highest in all industries in 2006, and were highest or second-highest under virtually all scenarios examined. By contrast, taxes in other New York locations often were lowest or nearly lowest among the locations compared.