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Special Feature
Capital Spending
NYC Debt Outstanding
Fiscal Years 2002-2020
December 28, 2020
New York City debt outstanding grew to $125 billion—84 percent since 2005.
Statement
City Budget
Statement on the NYC November 2020 Quarterly Modification to the Financial Plan for Fiscal Years 2021-2024
November 23, 2020
The City needs to close the $3.8 billion fiscal year 2022 budget gap in the Preliminary Budget for Fiscal Year 2022, due in January 2021.
Report
State Budget
Quick Download
Four Facts about Broadband Availability and Access in New York
September 24, 2020
Here are four things to know about broadband availability and access in New York.
Statement
City Budget
No NYC Borrowing Authority without More Savings, Fiscal Stability Plan, and FCB
September 08, 2020
While New York City’s fiscal crisis is severe, it should not borrow now to balance the fiscal year 2021 budget.
Report
Public Workforce
How to Make $1 Billion in Labor Savings Real & Recurring
September 02, 2020
As the City faces the worst fiscal crisis in generations, municipal workers are also facing the dire prospect of layoffs.
Statement
Public Workforce
Statement on Borrowing vs. Layoffs in NYC Budget
September 02, 2020
The New York City budget adopted 64 days ago commits to $1 billion in recurring savings from negotiations with labor unions; however, to date apparently no savings have been agreed upon.
Report
Housing
Strategies to Boost Housing Production in the New York City Metropolitan Area
August 26, 2020
Building more housing for every type of household can help make the New York region more affordable and competitive for generations to come.
Statement
City Budget
CBC Statement on City’s Land Use Process
August 18, 2020
CBC is increasingly concerned that at times the City’s land use process serves as an impediment to proposals needed to spur growth.
Statement
City Budget
CBC Statement on the NYC Adopted Budget for FY2021
June 30, 2020
New York City leaders may be breathing a sigh of relief for meeting the budget deadline after particularly arduous negotiations, but the fiscal crisis is far from over.
Report
City Budget
Hard Choices That Can Balance New York City's Budget
June 10, 2020
By making the right hard choices the City can balance the budget without resorting to long-term borrowing, layoffs, service cuts, or tax increases.
Report
State Budget
A Framework for Hard Choices
Choosing Among Options to Address New York’s State and Local Fiscal Stress
May 22, 2020
This policy brief identifies and assesses options available to governments to deal with their fiscal problems.
Statement
City Budget
Statement on the NYC Fiscal Year 2021 Executive Budget
April 16, 2020
While the City is to be commended for balancing the budget without tax increases or borrowing, it has used a short-term strategy that leaves a significant gap in FY 2022.
Statement
City Budget
CBC Calls for Greater Savings to Address Looming NYC Budget Gap
March 24, 2020
Responding to the pandemic and the economic crisis it has triggered will have a significant impact on NYC’s finances in both the near and long term.
Special Feature
City Budget
Spare Change
Citywide Savings Plan Should Include Greater Efficiency Savings
March 09, 2020
Budget savings from greater efficiency in City government amount to spare change.
Statement
City Budget
Statement on the NYC Fiscal Year 2021 Preliminary Budget
January 16, 2020
The budget presented today holds the line on new spending programs. However, it misses the opportunity to further improve the City’s preparedness for looming risk.
Report
Housing
Rent and Ride
Affordability is About Both
January 13, 2020
While housing is the largest share of spending for most households, a more robust picture of affordability also should include transportation costs.
Testimony
Transportation
Testimony on the MTA’s Access-A-Ride Program
December 18, 2019
The City should work with the MTA to assure that Access-A-Ride will achieve firm financial footing while providing a cost-effective and efficient service.
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.
Report
Energy & Environment
Getting Greener
Cost-Effective Options for Achieving New York State's Greenhouse Gas Goals
December 09, 2019
While GHG emissions have risen in other large states like Texas and Florida, New York has been a leader in reducing GHG emissions; the continued focus on getting greener through further emissions reductions is necessary and important.
Testimony
Taxes
Comments on New York City Property Tax Reform
December 04, 2019
The 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.