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Report
Education
Sustainably Supporting a Sound Basic Education
Part 2
August 14, 2024
Flaws in New York State’s school aid funding formulas stop the State from effectively distributing funds based on student need and local capacity.
Report
City Budget
Myths and Facts
NYC Adopted Budget for Fiscal Year 2025
July 30, 2024
Throughout the budget debate, public discussion was sometimes hampered by misunderstanding by various stakeholders. This chartbook fact checks and corrects five relatively common, inaccurate perceptions about the budget.
Report
Education
Sustainably Supporting a Sound Basic Education
Proposals to Reform NYS School Aid
July 16, 2024
While attention is primarily focused on Foundation Aid, which comprises nearly two-thirds of State school aid, effective resource allocation reform should address all funding streams.
Report
City Budget
Refined Recommendations to NYC Charter Revision Commission
for Improving Finances and Resident Feedback
July 08, 2024
The sections below outline the proposed changes and how they would improve the City’s financial management and resident feedback. Draft Charter language is in the Appendix.
Report
City Budget
NYC Adopted Budget
Pleasing, Not Prudent
July 01, 2024
Unfortunately, our City’s leaders again did little to ensure priority programs are sustainable by making government more efficient and shrinking lower impact activities.
Statement
City Budget
Statement on New York City Fiscal Year 2025 Budget Agreement
June 28, 2024
The budget dance being alive and well is not music to our ears. City leaders have ended the dance in step, unfortunately with too little regard for the City’s long-term fiscal stability.
Report
City Budget
Preliminary Recommendations to NYC Charter Revision Commission
for Improving Finances, Management, and Resident Feedback
June 13, 2024
CBC believes the CRC should focus on recommending changes that are appropriate to the Charter and not local law.
Statement
Transportation
Statement on Congestion Pricing and Funding Discussions in Albany
June 07, 2024
New York should not vie for the triple crown of bad governing—knee jerk reaction, shortsighted fiscal maneuvers, and a backroom deal outside the budget process.
Statement
Transportation
Statement on Congestion Pricing
Stay the Course; Critical Needs to Ensure State of Good Repair
June 05, 2024
Congestion pricing is the transit trifecta—providing critical funding for transit, reducing emissions, and easing congestion. We should stay the course.
Report
City Budget
Checklist for NYC Fiscal Year 2025 Budget Adoption
Strengthening the City’s Fiscal Health and Competitiveness
May 22, 2024
The City Council will wrap up its Fiscal Year 2025 Executive Budget hearings this week, kicking Administration and Council budget negotiations into high gear.
Statement
City Budget
Underbudgeting Still Clouds City’s Fiscal Picture, Even with Expanding Economy
April 24, 2024
While an expanding economy brightens the revenue outlook, low-balled expenditures still cloud the City’s fiscal picture.
Statement
State Budget
NYS Late Budget Fails to Reduce Structural Gap
$237B of Spending Approved without Providing Financial Plan Tables
April 20, 2024
Three weeks late, State lawmakers finally approved the budget and again have failed to publish basic financial plan tables that show New Yorkers essential details about how their money is being spent this year and the budget’s future impacts.
Report
City Budget
Real Numbers, Real Choices
Recommendations for a Clearer Fiscal View in the NYC Executive Budget
April 18, 2024
New York City’s long-run fiscal stability is precarious, and its short-term prospects are uncertain. Major causes of this uncertainty are revenue estimates that may be unreasonably conservative and spending estimates for current programs that are alarmingly understated.
Statement
State Budget
Conceptual Budget Agreement Appears to Take State Further in Wrong Direction, Increasing Structural Gap above $16B
Lawmakers Should Show Basic Financial Plans
April 15, 2024
The two-week late “conceptual” budget agreement leaves New York State with a significant future structural budget gap likely exceeding $16 billion.
Statement
State Budget
Statement on Late NY State Budget for FY 2025, Need for Another Extender
April 11, 2024
Late budgets should still be good budgets. This final stretch should be short and produce a budget that is good for New Yorkers now and in the long run.
Report
City Budget
Setting the Right Ceiling
Rethinking the City’s Debt Limits and Capital Process
April 03, 2024
New York City has requested that the State raise the City’s debt limit—the maximum amount of the long-term debt the City can have outstanding—by $18.5 billion.
Statement
Pensions & Benefits
Statement on Proposed Tier 6 Benefit Sweetener as Part of State’s Fiscal Year 2025 Budget
March 27, 2024
The proposed change to Tier 6 pension benefits, which will cost the State and local governments in New York nearly $400 million per year, is unnecessary, expensive, and should be rejected.
Statement
State Budget
Statement on Medicaid/Managed Care Tax Proposal in NYS Budget Talks
March 26, 2024
The proposal to levy a new tax on Medicaid and other managed care plans to leverage $4 billion of federal money relies on speculative, temporary revenue to seed permanent spending increases.
Report
State Budget
Up and Away
State Budget Proposals Miss the Mark and Compound Fiscal Problems
March 26, 2024
As New York State lawmakers negotiate the State’s Fiscal Year 2025 Enacted Budget, they risk adding unsustainable spending, driving growth above 6 percent a year, and widening the structural gap to $20.3 billion.
Report
City Budget
Straight from New Yorkers
CBC Resident Survey Gives Comprehensive View of Satisfaction with Core City Services, Quality of Life
March 19, 2024
The CBC 2023 Resident Survey provides the most comprehensive, statistically valid, post-pandemic view into how New Yorkers feel about the City’s quality of life and how they rate City government services.