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Blog Transportation

Watch the (MTA Budget) Gap!

August 07, 2019
The MTA's 2020 Preliminary Budget and four-year financial plan reveals an alarming fiscal outlook.
Blog Economic Development

Governor Cuomo Should Veto 3 Economic Development Bills

July 09, 2019
Three bills to create new economic development programs or expand existing programs passed both houses during the 2019 legislative session. The Governor should veto all three bills.
Blog City Budget

When the Smoke Clears

June 30, 2019
The City’s spending obligations in fiscal year 2019 were $255 million greater than the revenues collected. How is this possible when State law and the City Charter require balanced budgets?
Blog Capital Spending

Don’t Pass the Capital Pork

June 07, 2019
Like most other spending decisions, capital spending is best decided during budget negotiations.
Blog State Budget

On Time, Off-budget

May 28, 2019
State Operating Funds spending is projected to grow 4.9 percent, more than double the 2% benchmark.
Blog Pensions & Benefits

2019 Benefit Sweetener Scorecard

May 01, 2019
For the remaining seven weeks of the legislative session, members will propose to enhance the benefits of State and local public employees and retirees.
Blog Taxes

Follow the Money

April 05, 2019
The NYS Adopted FY 2020 Budget directs three revenue sources to support the MTA. This blog clarifies what the revenue streams are and how they will flow to the lockbox.
Blog State Budget

NYS Revenues in a Recession

March 19, 2019
New York State revenue weakness already looms over the fiscal year 2020 budget negotiations.
Blog Taxes

Pied-à-Terre Tax

March 13, 2019
The pied-à-terre tax is appealing politically because it is levied on wealthy people with means to pay and nonresidents who do not vote. Nevertheless, it is problematic for several reasons.
Blog Housing

Six Guidelines for NYCHA's New Federal Monitor

March 08, 2019
The federal monitor is tasked with ensuring that NYCHA will remediate its most pressing physical issues, including lead, mold, broken elevators, and other deficiencies.
Blog Education

Funding a Sound Basic Education in 2020

March 07, 2019
Despite significant funding increases over the past decade, some districts in New York State still do not have the resources to provide a sound basic education.
Blog City Budget

PEGging It Right

March 05, 2019
For the first time since taking office, Mayor Bill de Blasio has announced plans to implement a Program to Eliminate the Gap (PEG), which requires agencies to generate savings through expense reductions or revenue enhancements. The de Blasio administration previously eschewed PEGs in favor of Citywide Savings Plans (CSPs); in contrast to the PEG, agency participation in the CSP was voluntary. Pursuing a PEG presents both a challenge and an opportunity. This blog proposes three guidelines for the process: 1) identify significantly more than $750 million in savings, 2) encourage recurring savings through efficiency, and 3) follow agencies’ leads.
Blog City Budget

NYC Revenues in a Recession

February 26, 2019
The potential shortfall from a recession comparable to the last two recessions could be substantial: between $15 billion and $20 billion below projections over three years.