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Blog
City Budget
Charter Revision 2019
Clearing Out the Clutter
December 14, 2018
The 2019 Commission will avoid the shortcomings of recent commissions if it stays true to its stated criteria and pursues Charter revisions that simplify and update the document.
Podcast episode
City Budget
2,268 with Stephen Eide
December 13, 2018
2,268 is the average daily number of people in adult psychiatric centers in New York State, a decrease from a peak of more than 93,000 people in 1955. Stephen Eide, a Senior Fellow at the Manhattan Institute, discusses the impacts of deinstitutionalization in New York.
Blog
State Budget
Don’t Get Too High on Potential Marijuana Revenues
December 13, 2018
There is significant revenue potential from the marijuana industry, but research suggests that many months or years of careful planning precede consistent revenues.
Podcast episode
City Budget
18.6%, with Greg David and Cara Eisenpress
November 30, 2018
18.6% is the poverty rate in New York City. Greg David and Cara Eisenpress, both from Crain's New York Business and the Craig Newmark Graduate School of Journalism at CUNY, discuss their recent reporting exploring New York City's safety net, how it's funded, and how it compares to other places (hint: a lot better).
Blog
Economic Development
Breaking Down the Amazon HQ2 Deal:
Facts and Takeaways
November 21, 2018
Amazon has committed to creating 25,000 full-time high-paying jobs over ten years, investing approximately $2.5 billion, and building 4 million square feet of office space at its new headquarters in Long Island City, with the possibility of expanding to 8 million square feet and 40,000 jobs. To facilitate this investment, Amazon will receive benefits of up to $1.7 billion from New York State and $1.8 billion from New York City. This blog explains the incentive package provided by the State and City and offers five takeaways about the deal and its lessons for future economic development policy.
Podcast episode
City Budget
Episode 59: 1981
November 16, 2018
The data point for today is 1981, the year in which the State Legislature enacted S7000A, the landmark bill that formalized the current property tax system for New York City. A response to the Hellerstein case, which found the system was in violation of State law, S7000A essentially codified the status quo.In doing so, it established a system of property classification, fractional assessments, caps, phase-ins, and class shares that is still with us 37 years later. These structural features and statutory requirements are the root of the system’s inequities and complexities. A home worth $500,000 can face the same tax bill as a home worth $1.5 million, while the value of a condominium unit, according to the City, is a fraction of its sale price. In fact, some buildings have values that are below the sale price of individual units. And commercial and rental property faces a higher average property tax burden than 1-, 2- and 3-family homes.
These inequities and problems have led to repeated calls for reform, including pending litigation. This past May, Mayor de Blasio and Speaker Johnson formed the Advisory Commission on Property Tax Reform. In September, the Citizens Budget Commission, the Regional Plan Association, and NYU Robert Wagner School of Public Service held a panel to discuss the problem, inequities and potential reforms
Blog
Energy & Environment
Commercial Waste Zones
A Green Solution in More Ways Than One
November 07, 2018
The City's plan deserves support.
Podcast episode
City Budget
3, with Cesar Perales
November 01, 2018
3 is the number of proposals on the November 6 ballot from Mayor de Blasio’s Charter Revision Commission. In this episode Commission Chair Cesar Perales discusses the proposed amendments.
Blog
Pensions & Benefits
NYC Long-term Liabilities Top $257 Billion
October 31, 2018
The City's liabilities reached a record $257.3 billion, an increase of $4.7 billion since fiscal year 2017.
Podcast episode
City Budget
8 years, with David Friedfel and Patrick Orecki
October 24, 2018
8 is the number of years Andrew Cuomo has served as the 56th Governor of New York State. CBC's David Friedfel and Patrick Orecki join the podcast to discuss the demographic, fiscal, and policy trends of the last 8 years.
Podcast episode
City Budget
90%, with NYCHA Interim Chair & CEO Stanley Brezenoff
October 19, 2018
90% is the share of NYCHA units CBC estimates may not be cost effective to repair by 2027 under the current trajectory of deterioration. NYCHA Interim Chair and CEO Stan Brezenoff joined CBC to discuss the policy and funding challenges facing NYCHA, and how he plans to tackle key areas in desperate need of improvement.
Podcast episode
City Budget
45, with Laura Anglin
October 03, 2018
45 is the number of agencies that submitted performance metrics to the recently released Mayor's Management Report. Agencies organize their reports according to service areas and goals, and present the indicators to help the public understand agency performance. NYC's Deputy Mayor of Operations Laura Anglin joined the podcast to discuss how the city uses data to improve the operations and performance of key city agencies.
Blog
Housing
NYCHA's Untapped Assets
How NYCHA Can Maximize the Value of Infill Development
October 02, 2018
CBC illustrates how changes to an "infill" development project’s location or affordability mix can significantly affect revenue and units rehabilitated at NYCHA.
Blog
City Budget
Traffic, Rats, and Noise
Quality of Life and the Fiscal Year 2018 Mayor’s Management Report
September 25, 2018
Citizens satisfaction measures should be added to the Mayor’s Management Report to ensure that quality of life concerns are addressed.
Podcast episode
City Budget
3.1 miles, with Patrick Orecki
September 21, 2018
3.1 miles is the length of the newly constructed Governor Mario M. Cuomo Bridge. At a cost of $4 billion dollars, the bridge was financed with debt, but no new tolls have been announced to repay it. CBC's Patrick Orecki explains why the toll may need to double from current rates.
Blog
Taxes
New York City Homeowners
Who's Got the Unfairest Tax Burden of Them All?
September 12, 2018
One 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.
Podcast episode
City Budget
$1 billion, with Linda Gibbs
September 07, 2018
Since Bloomberg Associates was launched in 2014, participating cities have invested more than $1 billion in initiatives supported or created by the philanthropic consultancy. Former NYC Deputy Mayor and Bloomberg Associates Principal Linda Gibbs joins the podcast to talk about her work using data to effect change in NYC and other cities.
Blog
State Budget
Hold Your Bets
Four Guidelines for Legalized Sports Betting in New York State
September 05, 2018
State leaders should consider these four guidelines as they decide whether and how to expand sports betting in New York.
Podcast episode
City Budget
5,000 with the Director of the Mayor’s Office of Criminal Justice, Liz Glazer
August 30, 2018
Mayor Bill de Blasio has a plan to close the jails on Rikers Island, in part by reducing the overall city jail population to 5,000 detainees, down from about 8,200 now, which is down from well over 20,000 two decades ago. Liz Glazer, director of the Mayor’s Office of Criminal Justice, joined the podcast to discuss the closure of Rikers and the administration’s other criminal justice policies.
Blog
Housing
NYCHA’s Physical Conditions Remain the Worst in the City
Insights from the 2017 Housing and Vacancy Survey
August 29, 2018
Every three years, the U.S. Census Bureau conducts a New York City Housing and Vacancy Survey (HVS), which provides the most comprehensive information available on the size, nature, and condition of New York City’s housing stock.