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Presentation
City Budget
Briefing on the Latest NYC & NYS FY 2023 Budget Updates
December 13, 2022
The latest updates to the NYC, NYS and MTA Budgets.
Statement
City Budget
Statement on NYC's November 2022 Financial Plan for Fiscal Years 2023 to 2026
November 15, 2022
The November 2022 Financial Plan demonstrates that New York City’s long-term fiscal outlook is precarious and worsening.
Statement
City Budget
Statement on the NYC Program to Eliminate the Gap (PEG) for the November 2022 Financial Plan
September 12, 2022
This is a timely call that rightly focuses on increasing productivity to reduce recurring costs while preserving services that New Yorkers rely on.
Presentation
City Budget
NYC Fiscal Year 2023 Adopted Budget and Outlook
August 15, 2022
Positive short-term trends, significant long-term risks.
Statement
City Budget
Statement on the New York City Fiscal Year 2023 Budget Agreement
June 10, 2022
While the budget funds priorities and takes some steps to save for a future recession and stabilize the budget, it misses the opportunity to make a substantially higher RDF deposit and massively increases spending to a level not sustainable over time with City revenues.
Letter
City Budget
CBC Urges State Legislative Leaders to Reject Proposal to Increase NYC's Borrowing Authority
Letter to the State Legislature
May 31, 2022
CBC urges you to reject the proposal to increase the New York City Transitional Finance Authority’s (TFA) borrowing capacity that is outside of the City’s constitutional debt limit.
Letter
City Budget
CBC Urges City Leaders to Make Substantial Rainy Day Fund Deposit
A Letter to the Mayor and City Council
May 31, 2022
Fiscal preparedness is key to stability and ongoing prosperity; based on prior recessions, the City could face a revenue shortfall totaling $13 billion to $19 billion over three years in the next recession.
Statement
City Budget
Statement on the New York City Fiscal Year 2023 Executive Budget
April 26, 2022
The Executive Budget takes some positive steps but focuses more on spending, nearly to the exclusion of the savings and efficiency needed to shore up the City’s fiscal house.
Statement
City Budget
Statement Regarding the New York City Fiscal Year 2023 Preliminary Budget
February 16, 2022
The City should take significant additional actions in the Executive and Adopted Budgets to make government more efficient, stave off the looming fiscal cliffs, and save for the inevitable next downturn
Special Feature
City Budget
Average Pay at the 15 Largest New York City Agencies
FY 2018
October 25, 2018
How much do New York City employees earn in pay each year?
Special Feature
City Budget
NYC Money Meter
September 24, 2018
Spending and performance data. Side by Side.
Special Feature
City Budget
Citywide Savings Program
A program knocked down a PEG
May 21, 2018
Mayor de Blasio’s savings plan relies heavily on re-estimates, shifting costs to state and federal funding sources, and debt service savings.
Statement
City Budget
Statement on the NYC Fiscal Year 2019 Executive Budget
April 26, 2018
New York City’s Executive Budget for Fiscal Year 2019 increases operating spending at more than twice the rate of inflation and misses an opportunity to bolster reserves as strong tax revenue growth continues.
Letter
Taxes
Significant Impacts the Tax Cuts and Jobs Act on the Residents and Revenues of New York City
Letter to Mayor de Blasio
March 20, 2018
I write to convey the Citizens Budget Commission’s findings about the significant impacts the Tax Cuts and Jobs Act (TCJA) will have on the residents and revenues of New York City and New York State and recommended steps needed to address these problems.
Special Feature
City Budget
New York City’s Preliminary Budget Gap-Closing Programs
Fiscal Years 1983-2019
February 07, 2018
How does Mayor de Blasio's Citywide Savings Program stack up against PEGs of the past?
Statement
City Budget
CBC Statement on NYC FY19 Preliminary Budget: Wait and See All Over Again
February 01, 2018
Before the going gets tough, the Mayor should get going by limiting spending growth, bolstering the savings plan, and adding to reserves
Statement
Pensions & Benefits
Statement on Commissioner Linn's Response to CBC Letter on NYC Health Agreement With the MLC
June 09, 2014
The CBC appreciates receiving Commissioner Linn’s response to CBC President Carol Kellermann’s letter relating to potential savings from health insurance reforms under the recent agreement with the Municipal Labor Committee.
Letter
Pensions & Benefits
CBC Proposes Guidelines for Determination of Health Insurance Savings Between City and MLC
Letter to Commissioner Robert Linn
June 05, 2014
This letter suggests guidelines for effective implementation of the agreement between the City and the Municipal Labor Committee to generate $3.4 billion in health care savings between fiscal years 2015 and 2018.
Statement
City Budget
Statement on Mayor de Blasio's Preliminary Budget for Fiscal Year 2015
February 12, 2014
The Preliminary Budget for Fiscal Year 2015 contains a double dose of good news: there is more money than had been anticipated, and it will be put to prudent use.