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Showing 1 - 16 of 16
Podcast episode
Housing
1.4%, with Vicki Been
May 02, 2024
1.4% is the current--and historically low--apartment vacancy rate in New York City. NYC and many parts of New York State are in the throes of a housing crisis caused by decades of underproduction. Solving the housing crisis is key to stemming the tide of New Yorkers leaving the state and to rolling out the welcome mat to new New Yorkers. Joining us to discuss the latest housing policy news affecting both NYC and the state is national housing expert Vicki Been, a professor at NYU's Furman Center and former New York City Deputy Mayor for Housing and Economic Development.
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.
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.
Podcast episode
Housing
$60 billion, with Lisa Bova-Hiatt and Jamie Rubin
April 05, 2024
$60 billion is how much the New York City Housing Authority (NYCHA) estimates it should invest in its infrastructure over the next 5 years. NYCHA faces persistent challenges: recurring budget gaps, rising expenses, weakening rent collection, deteriorating physical conditions, and more. NYCHA's CEO Lisa Bova-Hiatt and Chair Jamie Rubin both spoke with CBC at a recent event to discuss the plans and strategies they've put in place to better manage the nation's largest public housing system.
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.
Podcast episode
State Budget
$233 billion, with Blake Washington
March 26, 2024
233 billion is the total NYS budget proposed by Governor Hochul for fiscal year 2025, and that is the talk of the town in Albany as executive and legislative leaders work on a new budget agreement in time for the April 1 deadline. NYS Budget Director Blake Washington, who is a key part of budget negotiations happening right now, spoke with the CBC at a recent event. He and CBC President Andrew Rein discussed the State's current fiscal picture, the large structural gap, and more of the pressing issues facing New York.
Statement
State Budget
Statement on State One-House Budget Proposals
March 12, 2024
The Legislature's one-house proposals shift the budget discussion in the wrong direction. Both houses propose tax increases that would weaken New York’s already precarious competitive position.
Podcast episode
Education
$39.5 billion, with Chancellor David Banks and Emma Vadehra
March 05, 2024
$39.5 billion is how much NYC spends to educate our students each year. The New York City Public Schools has an enormous and challenging task: to educate and develop 900,000 students who come from a wide diversity of backgrounds and needs. And it’s important to ask: Are we getting the return we need on our dollars? How are our students doing? To answer this and other pressing questions is NYC Schools Chancellor David Banks and Deputy Chancellor and Chief Operating Officer Emma Vadehra.
Podcast episode
Taxes
151,700, with Maria Doulis
January 31, 2024
151,700 is the net loss of New York personal income tax filers in 2020 and 2021. Some of that is the result of the pandemic, but how much? With this episode, CBC is relaunching the podcast to return to a more focused discussion with policy leaders, and there is no better way to re-launch than with the podcast's founder: CBC alum Maria Doulis, Deputy New York State Comptroller for Budget and Policy Analysis. Join us as we explore one of the most difficult challenges facing the City and State—how to keep and attract more New Yorkers.
Podcast episode
Energy & Environment
85%, with Doreen Harris and Basil Seggos
January 26, 2024
85% is the amount New York State has to reduce greenhouse gas emissions by 2050. One of the major pathways to this reduction will be the State’s Cap-and-Invest program, which will cap and reduce emissions, auction off the right to emit, set up a trading system for those rights, and generate billions of dollars to be invested in energy transition and to offset costs of the transition for some residents. Doreen Harris, President and CEO of the NYS Energy Research and Development Authority, and Basil Seggos, Commissioner of the NYS Department of Environmental Conservation, joined CBC to discuss Cap-and-Invest, as well as offshore wind, energy transition and resiliency, the Environmental Bond Act, and much more.
Statement
City Budget
Statement on the New York City Fiscal Year 2025 Preliminary Budget
January 16, 2024
While Mayor Adams leveraged strong revenues and wisely implemented two rounds of PEG savings to balance the Preliminary Budget, many more hard choices are still needed to stave off a fiscal reckoning.
Statement
State Budget
Statement on the New York State Executive Budget for Fiscal Year 2025
January 16, 2024
While the budget takes some important initial steps to reduce spending growth, significant additional restraint will still be needed to close the State’s structural budget imbalance.
Statement
State Budget
Statement on Governor Hochul's 2024 State of the State Address
January 09, 2024
Governor Hochul rightly highlighted the importance of ensuring New York is attractive and affordable to businesses and residents and the need to protect New Yorkers from more tax increases.