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Blog
City Budget
5 Myths and Facts about the NYC FY 2024 Budget
August 15, 2023
Let’s unpack the facts behind some common myths about New York City’s budget.
Blog
City Budget
Spending In Perspective
NYC FY 2024 Executive Budget
May 23, 2023
While proposed fiscal year 2024 City funds spending declines 2.2 percent from what is currently projected for fiscal year 2023, it is 7.5 percent higher than fiscal year 2022.
Blog
City Budget
Not Undercover
The NYC Fiscal Year 2024 Executive Budget for the NYPD
May 17, 2023
New York City’s Fiscal Year 2024 Executive Budget allocates $10.8 billion for the NYPD in fiscal year 2024.
Blog
Housing
4 Fast FHEPS Facts
May 08, 2023
The cost of these rental assistance programs has increased immensely, from $16 million in fiscal year 2015 to an anticipated $636 million in fiscal year 2023.
Blog
City Budget
7 Facts about the Adams Administration’s Prior Savings Plans
April 12, 2023
CBC finds that 92 percent of the prior plans’ savings will have no effect on services since they come from eliminating underspending, re-estimating costs, savings on debt service, leveraging federal or other funding, and increasing efficiencies in ways designed to preserve services.
Blog
Economic Development
Shrink, Don’t Expand, the New York State Film Tax Credit
March 06, 2023
The current program already is overly generous compared to other states and should be phased out.
Blog
Housing
Building the Housing We Need
State Proposes Cost-Effective Strategies to Boost Production, Increase Affordability
March 01, 2023
Governor Kathy Hochul proposed a package of bills intended to double New York’s housing production rate to create 800,000 new units over the next decade.
Blog
City Budget
What to Look for in the NYC Fiscal Year 2024 Preliminary Budget
January 11, 2023
New York City’s mid-to-long-term outlook is precarious and acting now is key to long-term stability.
Blog
City Budget
What Does the MMR Reveal About Progress on the De Blasio Administration’s Priorities? An Update
September 19, 2016
Reviews performance results in FY2016 in areas identified by priorities by the de Blasio Administration, including solid waste, housing, fire, corrections, health, and homelessness. Includes interactive data tracker.
Blog
City Budget
What Will the Mayor’s Management Report Tell Us About Progress on the De Blasio Administration’s Priorities?
September 12, 2016
Identifies by priorities of the de Blasio Administration, including solid waste, housing, fire, corrections, health, and homelessness. Includes interactive data tracker for performance data from FY2009-2016.
Blog
City Budget
The “20-20-20-20” Dilemma: Legacy Costs in the New York City Budget
July 22, 2016
A giant slice of the New York City budget pays for costs that are the legacy of commitments made in the past: debt service, pensions, and retiree health insurance. These legacy costs already exceed 20 percent of the budget and will expand by 20 percent to more than $20 billion in annual spending by fiscal year 2020.
Blog
Housing
Agency Focus: NYC Housing Preservation and Development
July 18, 2016
The 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?
Blog
City Budget
The Citywide Savings Program: Bolder Steps Needed to Make Government More Efficient
May 24, 2016
Mayor Bill de Blasio's latest Citywide Savings Program proposes multiyear savings of $5.4 billion compared to just $2.9 billion proposed in last year’s Executive Budget. The $5.4 billion represents 1.7 percent of city-funded spending over the financial plan period; this is in the range of savings in Mayor Michael Bloomberg’s plans for each of the last four years of his administration. While this may seem like a bold stride, the new CSP still falls short in the nature of its savings proposals.
Blog
City Budget
What to Look for in the Mayor’s Executive Budget for Fiscal Year 2017
April 24, 2016
Asks 8 questions about the New York City Executive Budget for Fiscal Year 2017 relating to revenues, spending, Health + Hospitals, reserves, the Citywide Savings Plan, the State budget, and the capital commitment plan.
Blog
City Budget
An Insufficient Savings Plan
February 24, 2016
Mayor Bill de Blasio's FY2017 budget proposal increased city-funded spending by $2.7 billion and included a Citywide Savings Program, or CSP, it was small relative to the size of the budget and savings programs of past years and insufficient to meaningfully offset the cost of new initiatives or to boost reserves.
Blog
Public Workforce
A Deal is a Deal
Settled Contracts Should Remain Settled
January 05, 2016
Reviews troubling additions to settled contracts under Mayor de Blasio to make them more generous without comparable improvements to productivity.
Blog
City Budget
Delaying the Pain
The truth about cost-cutting in New York City's November Plan
December 15, 2010
A closer look at the City November 2011 savings plan reveals two notable points: Nearly two-thirds consists of new revenue, and expenditure cuts are modest, although health, welfare, libraries and cultural institutions bear most of the burden.
Blog
Capital Spending
When Will the Capital Budget Cuts Really Arrive?
December 09, 2010
Failure to impose fiscal austerity on the infrastructure agenda is evident in growing levels of capital commitments.
Blog
Pensions & Benefits
What is OPEB and Why Does it Cost $9.4 Billion?
December 05, 2010
The true cost of retiree health insurance and "other postemployment benefits," or OPEB, was $9.4 billion in fiscal year 2010. Why it cost so much and what should be done about it.
Blog
Capital Spending
Mind the Gap
Funding Repair and Maintenance of New York City Infrastructure
July 26, 2010
Past neglect has created a need for nearly $5.6 billion in repair of existing facilities in New York City in order to bring them to satisfactory condition, known as a "state of good repair." Yet the City's capital budget allocates only about half, with the gap especially large for streets, hospitals, and parks.