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Report
City Budget
Real Numbers, Real Choices
Recommendations for a Clearer Fiscal View in the NYC Executive Budget
April 18, 2024
New York City’s long-run fiscal stability is precarious, and its short-term prospects are uncertain. Major causes of this uncertainty are revenue estimates that may be unreasonably conservative and spending estimates for current programs that are alarmingly understated.
Report
City Budget
Setting the Right Ceiling
Rethinking the City’s Debt Limits and Capital Process
April 03, 2024
New York City has requested that the State raise the City’s debt limit—the maximum amount of the long-term debt the City can have outstanding—by $18.5 billion.
Report
City Budget
Straight from New Yorkers
CBC Resident Survey Gives Comprehensive View of Satisfaction with Core City Services, Quality of Life
March 19, 2024
The CBC 2023 Resident Survey provides the most comprehensive, statistically valid, post-pandemic view into how New Yorkers feel about the City’s quality of life and how they rate City government services.
Report
City Budget
NYC's Already High Spending Keeps Climbing
February 22, 2024
Despite the pandemic, recession, and multiple rounds of PEGs, City-funded spending is slated to increase 22.6 percent between fiscal years 2019 and 2025.
Report
State Budget
Top of the Charts
New York and Its Localities Were #1 in Taxes and #2 in Spending
February 13, 2024
New York does not exist in a vacuum. It competes with other places, and other jurisdictions’ experiences provide an important perspective on the different choices that are being made.
Report
City Budget
Don’t Step Off the Cliff
Fiscal Cliffs and Budget Gaps in New York City’s Fiscal Year 2025 Preliminary Budget
February 08, 2024
To balance the fiscal year 2025 budget while also ensuring projected spending fully supports all planned programs, the City should implement an additional PEG in the Executive Budget and shrink or eliminate programs that the available resources cannot fully support.
Podcast episode
Taxes
151,700, with Maria Doulis
January 31, 2024
151,700 is the net loss of New York personal income tax filers in 2020 and 2021. Some of that is the result of the pandemic, but how much? With this episode, CBC is relaunching the podcast to return to a more focused discussion with policy leaders, and there is no better way to re-launch than with the podcast's founder: CBC alum Maria Doulis, Deputy New York State Comptroller for Budget and Policy Analysis. Join us as we explore one of the most difficult challenges facing the City and State—how to keep and attract more New Yorkers.
Report
City Budget
Unpacking the PEG
Examining the Impact of the NYC November 2023 Financial Plan Savings
January 10, 2024
Agencies should continue to identify efficiency savings that do not affect critical program services.
Report
Health Care
A New Approach to Funding New York City Health + Hospitals
December 16, 2019
This report analyzes the system’s finances, compares H+H to other providers in the City, and outlines options to right-size the City subsidy and improve H+H's fiscal future.
Podcast episode
City Budget
275, with MTA Board Member Veronica Vanterpool
November 21, 2019
275 is the number of meetings Veronica Vanterpool has attended since she was appointed to the board of the Metropolitan Transportation Authority. She is one of four individuals appointed by the Mayor to the 21 member board. She joined the pod to discuss her time on the board, the important challenges facing the MTA, and more.
Podcast episode
City Budget
$15 billion, with Dean Fuleihan
November 12, 2019
$15 billion is the CBC's estimate of the three-year revenue shortfall for New York City government in a recession. First Deputy Mayor Dean Fuleihan joined CBC President Andrew Rein for a wide-ranging discussion about the City's budget, closing Rikers, access to hydropower, NYC's competitiveness, and more.
Podcast episode
City Budget
5, with Gail Benjamin and Carl Weisbrod
October 16, 2019
5 is the number of questions on the ballot for New Yorkers this November. The ballot questions are the product of a year-long review of the NYC Charter by the Charter Revision Commission. Two Commissioners—Carl Weisbrod and the Commission’s Chair Gail Benjamin—joined the pod to tell us more about these proposals.
Report
City Budget
$1.1 Billion in NYC Public Leases
Better Management Needed to Control Rising Costs
August 27, 2019
NYC spent more than $1.1 billion to lease space for public facilities and offices—an amount that has grown 40 percent since fiscal year 2014.
Report
Economic Development
Opportunity Zones In New York State and City
August 20, 2019
The Opportunity Zone program may amount to significant losses for both NYS and NYC before rising substantially in 2029.
Podcast episode
City Budget
$3.2 billion, with NYC Comptroller Scott Stringer
July 03, 2019
$3.2 billion is the amount NYC spends on homeless services, double what was spent in 2014, earning the agencies providing these services a spot on NYC Comptroller Scott Stringer's Agency Watch List. Learn more about this list and the Comptroller's assessment of the City budget, rent regulation reform, and more.
Podcast episode
City Budget
125,323, with Meera Joshi
May 09, 2019
125,323 is the number of vehicles licensed by the NYC Taxi & Limousine Commission in 2018. The dramatic rise of for-hire vehicles has posed new challenges, and at the forefront of using data to tackle these challenges was former TLC Commissioner Meera Joshi, now a visiting scholar at NYU Wagner.
Podcast episode
City Budget
$92.5 billion, with Yoav Gonen
April 30, 2019
$92.5 billion is the size of the NYC Executive Budget for FY 2020, an increase of 29% in total spending since Bill de Blasio's first year as Mayor. Joining the podcast to review budget highlights is Yoav Gonen, City Hall reporter for The City.
Report
City Budget
To Weather a Storm
Create an NYC Rainy Day Fund
April 18, 2019
A well-funded and structured Rainy Day Fund (RDF) would help New York City weather future recessions.
Podcast episode
City Budget
$175.5 billion, with David Friedfel and Patrick Orecki
April 02, 2019
$175.5 billion, the size of the NYS Budget for FY 2020 enacted by the Legislature. The budget includes several notable policy changes, such as funding and new reforms at the MTA. CBC's David Friedfel and Patrick Orecki discuss the key takeaways.
Report
Transportation
Swimming in Subsidies
The High Cost of NYC Ferry
March 28, 2019
NYC Ferry serves more than 4 million passengers at a high level of operating subsidy: $10.73 per ride, 10 times that of the New York City Transit.