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Blog
City Budget
City's Fourth Extension of the School Bus Grant Program Should Be Rejected
March 08, 2018
The 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.
Video
Education
Citizens Budget Commission Analysis of Education Funding Proposals
Spectrum News
February 22, 2018
Making changes to Foundation Aid formula would better help school districts most in need while avoiding providing unnecessary amounts of funding to the wealthiest districts.
Blog
Education
Governor’s Education Proposal Pierces Cap And Lacks Needed Reforms
February 20, 2018
The 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.
Video
CBC News
NYS Budget Director Robert Mujica (2018)
Annual Budget Briefing
February 15, 2018
NYS Budget Director Robert Mujica presents the annual New York State Executive Budget Briefing to CBC.
Statement
Taxes
CBC Statement on Governor's 30-Day Amendments in Response to Federal Tax Legislation
February 12, 2018
The Governor's proposals represent bold and important steps to address the negative impacts the federal tax law will have on New Yorkers and to maintain New York's competitive position.
Testimony
Economic Development
NYCEDC 2018 and Beyond: Borough-by-Borough in the Next Four Years
Testimony before the New York City Council Committee on Economic Development
February 06, 2018
How can EDC improve its performance in 2018?
Video
City Budget
Budget Concerns
Inside City Hall
February 04, 2018
Citizens Budget Commission President Carol Kellerman sat down with Errol Louis to share some of her concerns over Mayor de Blasio’s proposed budget.
Blog
Transportation
Tsk-tsk on Governor’s TIF Proposal
February 02, 2018
The 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.
Video
Taxes
How Bad Is It? Implications of the Federal Tax Law for NY
Special Half-Day Conference
January 24, 2018
The federal tax overhaul passed last month may have enormous impacts in New York. What can we expect and what are the best responses?
Letter
Economic Development
Watchdog Groups: Freeze Business Subsidies Until Major Reforms Adopted
A Letter to the Governor and Legislative Leaders
January 18, 2018
The Governor should reject any new economic development and business subsidies until major anti-corruption and transparency reforms are put in place.
Op Ed
Economic Development
New York needs better return on economic investments
Albany Times Union
January 17, 2018
While upcoming corruption trials may provide a revealing behind the scenes look at state operations, they should not distract from the pressing need to reform the state's approach to economic development in this legislative session.
Press Release
Economic Development
CBC Releases Report On Mayor De Blasio's Economic Development Record
January 02, 2018
Evaluation of the City's economic development record under Mayor de Blasio and recommendations for five areas for improvement.
Blog
Education
Ripe for Reform
$466 Million in Education Aid
January 02, 2018
New 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.
Report
Economic Development
Managing Economic Development Programs in New York City
An Assessment of Progress
January 02, 2018
The de Blasio administration has made some progress on 5 CBC recommendations made prior to the start of Mayor de Blasio’s first term, but more work is needed to make EDC more effective.
Statement
Taxes
CBC Convenes Special Committee to Focus on Federal Tax Cuts
December 21, 2017
The Special Committee consists of CBC trustees, civic leaders, and policy experts, and will identify the greatest impacts and options for appropriate state and local government action.
Video
Economic Development
James Patchett, NYCEDC President and CEO
CBC Breakfast Series
December 15, 2017
NYCED President and CEO James Patchett joined the CBC to discuss the role of NYCEDC during a period of economic growth in New York City.
Op Ed
State Budget
Repeal the Film Tax Credit, But Don't Expect Savings Just Yet
Even if this wasteful program is killed in 2018, its expenditures will continue for years
December 13, 2017
The Citizens Budget Commission is a long-time critic of the New York State Film Tax Credit program and supports its repeal. However, due to some unusual provisions of state tax law, repeal of the credit will not yield immediate state savings.
Report
Economic Development
Tax Increment Financing: A Primer
December 05, 2017
This report provides an overview of TIF and a five-point checklist drawn from lessons learned from past projects to help identify potential TIF projects.
Letter
Economic Development
Governor Cuomo Should Veto Bills Expanding Economic Development Programs
November 20, 2017
CBC recommends Governor Cuomo veto three bills that would expand an economic development program.
Testimony
Economic Development
Testimony on Economic Development Programs
Given to the New York State Assembly Standing Committee on Economic Development, Job Creation, Commerce and Industry, and the Standing Committee on Small Business
November 13, 2017
Testimony on economic development programs that leverage state funds to translate technological advancements into viable long-term business development and economic growth.