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August 13, 2019PIT revenues are a significant - and volatile - part of State and City budgets.
Press Release Education
July 10, 2019CBC released a comprehensive report demonstrating how administrative solutions can reduce school crowding.
May 22, 2019It will cost NYS school districts approximately $62.6 billion to provide a sound basic education to all students, yet several districts will not have enough funding.
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 07, 2019Despite significant funding increases over the past decade, some districts in New York State still do not have the resources to provide a sound basic education.
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.
Blog State Budget
December 13, 2018There is significant revenue potential from the marijuana industry, but research suggests that many months or years of careful planning precede consistent revenues.
September 12, 2018One of the basic principles of good tax policy is equity: similarly situated taxpayers should have similarly sized tax bills. New York City’s property tax system does not comport with this principle.
June 14, 2018Teachers in the Absentee Teacher Reserve (ATR) will cost the City $136 million in this school year. The City should pursue reforms to the ATR, such as a 6-month time limit, in upcoming labor negotiations with the UFT.
Press Release State Budget
March 19, 2018The CBC released a comprehensive report detailing the massive impacts the Tax Cuts and Jobs Act will have on the residents and revenues of New York State, as well as the steps needed to address these problems.
Blog City Budget
March 08, 2018The City Council should reject this program, and all new school bus contracts should be awarded with an eye toward realizing savings in the costs of pupil transportation, now more than $1.2 billion.
February 20, 2018The NYS FY2018-2019 Executive Budget increases school aid by $769 million, or 3 percent, to $26.4 billion- twice the increase allowed by the school aid cap.
February 02, 2018The FY 2019 Executive Budget proposed to allow the MTA to create tax increment financing districts in NYC to raise revenue for capital improvements. Though TIFs can play a useful role, the proposal is flawed.
January 02, 2018New York State will send $25 billion to local school districts during the 2017-2018 school year, accounting for approximately 37 percent of school district revenues.
Press Release Economic Development
November 02, 2017CBC examined the process for setting assessment fees, their uses, and the city’s oversight of BIDs, and recommends increased public review and performance evaluation.
Blog City Budget
October 20, 2017New Yorkers tell us what the biggest issues are requiring the attention of city government. Click to see how your neighbors responded.
September 07, 2017Based on the most recent national data, New York spends more per pupil than any other state: $21,206 per pupil compared to the national average of $11,392 as of the 2014-2015 school year.
April 20, 2017In order to adequately fund education in all districts without excessive state spending, more comprehensive modifications are required.
Blog Economic Development
April 07, 2017It's official: NY's economic development programs cost more than in any other state.