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Podcast episode State Budget
December 11, 2019$28.8 billion is the cumulative four-year budget gap facing New York State between fiscal years 2020 and 2023. CBC President Andrew Rein joined the podcast to explain how the State should get its fiscal house in order. And for a special treat, CBC's Andrew Perry and Ana Champeny discuss regional economic development and NYC property taxes. Happy Holidays!
Letter State Budget
December 10, 2019The Citizens Budget Commission welcomes the recognition that the State must immediately address its serious fiscal imbalance.
December 05, 2019After months of public roundtables, will state lawmakers move to change the formula that determines aid for public schools? The Times Union’s Rachel Silberstein speaks with three education advocates about why they think it should happen.
December 04, 2019The balancing act facing legislators as they consider proposals to reform the property tax is how to increase equity, fairness, and transparency, while maintaining fiscal stability and reliability.
December 03, 2019Despite significant increases in state aid and local revenues, not all districts have the resources to provide a sound basic education, and some wealthy districts have more than needed.
Special Feature Education
September 04, 2019In 2017 educating an average elementary school class cost $561,246.
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.
July 09, 2019Administrative solutions can reduce school crowding and limit the need to build expensive new school buildings.
June 12, 2019Despite significant increases in state aid and local revenues—not all districts have the resources to provide a sound basic education in 2020.
May 31, 2019Do schools in NYS have enough money to provide a Sound Basic Education. CBC says yes, except for 21 districts.
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.
Special Feature City Budget
May 13, 2019A snapshot of NYC's budget, including projections for spending, headcount, savings, liabilities, and revenue shortfalls in case of a recession.
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.
Op Ed Education
March 11, 2019Albany should target the distribution of school aid to districts that need it, rather than ensure that almost every district gets more no matter its circumstance.
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.
February 06, 2019In the aggregate New York State spends enough to provide all students with a sound basic education; however, State school aid is not targeted well enough to achieve this goal in all districts.
December 18, 2018City officials cannot continue to expect the City can build its way to a solution; making real progress will require implementing operational strategies that alter the use of space and redirect students to facilities with capacity.