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Press Release
CBC News
CBC Releases Testimony on NYC Ferry
September 22, 2022
CBC’s research has documented that NYC Ferry is highly subsidized, both relative to New York’s other transit systems and other ferries nationally.
Op Ed
City Budget
Eric Adams’ plan to eliminate NYC’s budget gap is very achievable — and desperately needed
New York Post
September 22, 2022
The best way to protect New York’s future is to stabilize the budget and prioritize and better manage critical services.
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.
Press Release
CBC News
CBC Delivers Testimony on the NYC Municipal Workforce
September 09, 2022
Over 28,000 vacancies are result of management, procedural, labor market challenges
Press Release
CBC News
Marissa Shorenstein Nominated to be Next Chair of the Citizens Budget Commission
September 08, 2022
Today, the CBC Executive Committee announced it has nominated Marissa Shorenstein to succeed Walter Harris as Chair of CBC.
Press Release
CBC News
Marissa Shorenstein Nominated to be Next Chair of the Citizens Budget Commission
September 08, 2022
Today, the CBC Executive Committee announced it has nominated Marissa Shorenstein to succeed Walter Harris as Chair of CBC.
Press Release
CBC News
CBC Releases Improving New York City’s Land Use Decision-Making Process
September 06, 2022
New York City’s ongoing prosperity depends on creating more jobs and more housing.
Press Release
CBC News
CBC Releases Prioritizing the MTA's Critical Capital Needs
What to Do When You Can’t Do It All
August 23, 2022
The MTA needs significant capital investment to ensure it does not fall into a state of disrepair, leading to service disruption that hampers New Yorkers' quality of life and the region's economy.
Statement
State Budget
Statement on New York State's First Quarterly Update to the Fiscal Year 2023 Financial Plan
August 02, 2022
CBC President Andrew S. Rein released this statement on behalf of the CBC.
Statement
Transportation
Statement on the Empire State Development General Project Plan and Letter of Mutual Agreement with the City for the Penn Station Area Civic and Land Use Improvement Project
July 26, 2022
Catalyzing development in the Penn Station district and renovating the station itself should help New York’s competitiveness and enable future growth.
Press Release
CBC News
CBC Releases Late Addition
$1.6 billion in Capital Pork Served Up
July 20, 2022
CBC's new blog, "Late Addition: $1.6 billion of Capital Pork Served Up" shows that the agreement also included servings of capital 'pork' added in the final days of negotiations.
Press Release
CBC News
CBC Appoints Charlotte Levitt as Vice President for Strategy and Communications
July 19, 2022
I am pleased to announce that Charlotte Levitt will become CBC’s Vice President for Strategy and Communications starting Monday July 25.
Statement
Transportation
Statement on NYC Ferry Forward Plan
July 14, 2022
The Adams Administration plans to take some important, positive steps to improve the finances and transparency of NYC Ferry.
Press Release
CBC News
CBC Releases Testimony on Adams Administration’s Housing our Neighbors Plan
July 01, 2022
Today, CBC will testify before the City Council’s Committee on Housing and Buildings on Mayor Eric Adams’ new housing plan.
Press Release
CBC News
CBC Releases Big Budget
NYC’s Adopted FY 2023 Budget—Spending and Growth
June 28, 2022
Actual spending obligations are $104.7 billion, excluding reserves and adjusting for prepayment of obligations in fiscal year 2022.
Press Release
Economic Development
Pennsylvania Station Area Civic and Land Use Improvement Project
June 24, 2022
Read more on the outstanding issues that must be addressed for the project to have the maximum and most cost-effective impact for all New Yorkers.
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.
Op Ed
Housing
The Only Way to Build What We Need: NYC’s Construction Imperative
New York Daily News
June 10, 2022
If New York is to be an affordable place to live for the diverse populace it needs to thrive, it must be, to paraphrase Mayor Adams, a ”a city that says yes” to more of all housing types across the city.
Op Ed
City Budget
We Need to Pump Up the City's Rainy Day Fund Now
Crain's New York Business
June 07, 2022
New York City needs to be ready to protect the most vulnerable in the next economic storm. So we urge the mayor and the city council to put a serious sum into our city’s rainy day fund as they conclude budget negotiations this month, while the sun is shining.
Press Release
CBC News
CBC Promotes Ana Champeny to Vice President for Research
May 23, 2022
I am thrilled to announce the promotion of Ana Champeny to Vice President for Research. Ana is one of the foremost experts on New York City’s finances generally, and has an outstandingly deep understanding of the City’s real estate markets and property taxes.