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Podcast episode
City Budget
3, Comptrollerpalooza!
September 24, 2024
3 is the number of current and former Comptrollers who sat down to discuss the City and State's finances, economy, population loss and more. While jobs and tourism have recovered, New York continues to face challenges with hybrid work affecting downtowns and the office market, housing affordability, future budget gaps, and needed infrastructure investment. Former NYC Comptroller Bill Thompson moderated a discussion during which NYS Comptroller Tom DiNapoli and NYC Comptroller Brad Lander dig into what the City and State is doing with your money and New York's future.
Press Release
CBC News
CBC Releases "Focus, Fix, and Finance"
How to Rightsize and Fund the 2025 – 2029 MTA Capital Program
September 16, 2024
This report assesses the status of projects in the current and prior capital programs, identifies the appropriate maximum size and focus of an achievable but ambitious capital program, estimates available funding and the size of the funding gap, outlines criteria for consideration of funding sources, and discusses how those criteria apply to sources that have been suggested or may be discussed.
Letter
State Budget
CBC Urges Support of Procurement Reform Legislation in NYC
Extend Joint Bidding on Public Works Contracts and Authorize Alternative Project Delivery Methods
September 10, 2024
CBC has long supported procurement reforms that reduce construction costs and accelerate much needed public works and infrastructure projects.
Press Release
CBC News
CBC Submits "Testimony on NYC Ferry"
Submitted to the New York City Council Committee on Economic Development and Committee on Transportation and Infrastructure
September 10, 2024
NYC Ferry remains one of the most heavily subsidized transit options in New York City, and one of the most subsidized public ferry systems in the country.
Letter
State Budget
Watchdogs Urge Governor to Sign A10281/S9171 to Require Publication of Contracts Exempt from Oversight
A Letter to the Governor
August 27, 2024
This legislation is a commonsense transparency measure that would bring much needed sunlight to the State’s emergency spending.
Press Release
CBC News
CBC Releases "Sustainably Supporting a Sound Basic Education, Part 2"
August 14, 2024
This report demonstrates the potential impact of reallocating $447 million of expense-based aid and the $3.3 billion School Tax Relief (STAR) program in proportion to Foundation Aid.
Letter
Economic Development
CBC Urges Veto of ICAP Extension
S9822/A10530 Extends NYC's Industrial and Commercial Abatement Program Without First Evaluating Its Effectiveness
August 13, 2024
Alternatively, a one-year extension would allow time to evaluate ICAP's cost-effectiveness and identify beneficial eligibility and benefit changes
Podcast episode
Housing
109,000, with Dan Garodnick
August 09, 2024
109,000 is the number of new homes New York City aims to create over the next 15 years through its City of Yes for Housing Opportunity zoning proposal.
Press Release
CBC News
CBC Releases "Myths and Facts: NYC Adopted Budget for Fiscal Year 2025"
July 30, 2024
Throughout the budget debate, public discussion was too often hampered by misunderstanding of some key budget realities.
Podcast episode
City Budget
$116 billion, with Council Member Justin Brannan
July 26, 2024
$116 billion is the total NYC adopted budget for FY 2025, including the $4 billion of FY25 bills that were prepaid. This year’s budget talks between the Mayor and City Council took several twists and turns, ending with the narrowly on-time arrival of an adopted budget. New York City Council Member Justin Brannan, Chair of the Council’s Finance Committee, joined the podcast to discuss the budget, the Council’s role, and his prior career as a musician.
Press Release
CBC News
CBC Releases "Sustainably Supporting a Sound Basic Education: Proposals to Reform NYS School Aid"
July 16, 2024
Roughly 30 percent of State Operating Funds goes to schools; if New York’s education spending is not fiscally sustainable, it will damage its capacity to provide other services New Yorkers and New York needs.
Press Release
CBC News
CBC Submits "Testimony on Proposed Changes to the New York City Charter"
July 08, 2024
CBC continues to recommend that the Charter require a local law ensuring the City’s Rainy Day Fund (RDF) grows and is used for its intended purpose—to protect New Yorkers from dramatic cuts during a recession or short-term emergency.
Press Release
CBC News
CBC Releases "Refined Recommendations to NYC Charter Revision Commission for Improving Finances, Management, and Resident Feedback"
July 08, 2024
Improving both legislative Fiscal Impact Statements and the Executive’s financial plan estimates will enhance the integrity, legitimacy, and outcomes of budget-making, and help ensure the public appropriately views this Charter Revision Commission’s work through the lens of substance, not politics.
Podcast episode
State Budget
$8.8 Trillion, with Adrienne Harris
June 27, 2024
$8.8 trillion is the total combined assets of the nearly 3,000 financial institutions that are regulated and supervised by the New York State Department of Financial Services (DFS). In addition to navigating serious banking crises in recent years, DFS faces challenges on the horizon: artificial intelligence, cyber security, and cryptocurrency, to name a few. Joining the podcast is DFS Superintendent Adrienne Harris, who shares with us the important work state leadership is doing to ensure a strong and secure financial services sector, while navigating this rapidly changing landscape.
Press Release
CBC News
CBC Releases "A Building Crisis"
The Quality-of-Life, Population, and Economic Effects of Housing Underproduction
June 27, 2024
The decades-long failure to build sufficient housing in New York City has degraded quality of life, driven away residents and jobs, and undermined the city's tax base and economy.
Letter
City Budget
Improving Fiscal Integrity and Stability in NYC's FY25 Budget
A Letter to the Mayor and City Council
June 17, 2024
The decisions you make adopting the fiscal year 2025 budget will not only affect the City’s activities in the upcoming year, but will set the stage for the City’s ongoing fiscal capacity and stability to provide needed services and weather future crises.
Podcast episode
City Budget
6,632, with First Deputy Mayor Sheena Wright
June 13, 2024
6,632 is the number of NYC households who responded to CBC's 2023 NYC Resident Survey: "Straight from New Yorkers." The survey provides the most comprehensive, statistically valid, post-pandemic view of how New Yorkers are feeling about the City's quality of life and the quality of government services. Among the many eyebrow-raising pieces of feedback coming Straight from New Yorkers: Only 30% of rate their quality of life as excellent or good, down from 50% in 2017. Joining the pod to discuss the survey results and the City's priorities is New York City First Deputy Mayor Sheena Wright.
Press Release
CBC News
CBC Releases "Preliminary Recommendations to NYC Charter Revision Commission for Improving Finances, Management, and Resident Feedback"
June 13, 2024
CBC is providing its preliminary recommendations for Charter revision that focus on strengthening the integrity of the budget process and fiscal estimates by both the Mayor’s office and the City Council.
Special Feature
State Budget
Did You Know?
NYS Enacted Budget Edition
May 24, 2024
Release of Financial Plan Shows $2B More in Spending over State’s Initial Report.
Press Release
CBC News
CBC Releases "Checklist for NYC Fiscal Year 2025 Budget Adoption; Strengthening the City’s Fiscal Health and Competitiveness"
May 22, 2024
The choices Mayor Eric Adams, Speaker Adrienne Adams, and their teams make in these next five weeks will either help stabilize the fiscal path—strengthening the City’s ability to drive prosperity and protect New Yorkers—or make it shakier, increasing the chance of massive cuts to services in the future.