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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.
Blog
City Budget
Federal Aid—Needed, But Unlikely to Solve New York State’s and New York City’s Fiscal Problems
A Look Back at Stimulus Funding During the Great Recession
December 01, 2020
Even with considerable additional federal aid the State and City still will have to implement significant actions.
Blog
Taxes
Getting Into the Weeds About Potential Recreational Marijuana Revenues
November 16, 2020
State leaders should be cautious about relying on these potential revenues to help close budget gaps.
Blog
Taxes
Let a Sleeping Tax Lie
New York Should Reject Proposals to Reinstate the Stock Transfer Tax
November 09, 2020
If the rebate were eliminated, essentially putting the tax back into effect, New York would become the only state to impose such a tax on the sale and transfer of stock.
Op Ed
Taxes
Don’t Bring Back the Stock Transfer Tax
City & State
October 23, 2020
It could drive business out of New York and won’t live up to revenue projections.
Op Ed
Energy & Environment
Align Our Fiscal Policies to Meet Our Climate Goals
September 25, 2020
The concurrent public health, economic and fiscal crises serve as stark reminders of the need to prepare for the future and potential risks.
Blog
State Budget
Flipping the Switch
Difficult Fiscal Decisions Compound as State Shifts from Spending Growth to Cuts
July 15, 2020
Flipping the switch from robust spending growth to spending cuts will require making significant hard choices to balance the budget and reduce future fiscal gaps.
Op Ed
State Budget
Better ways to balance state budget than stock transfer tax
Letter to the Editor
July 06, 2020
The state has other options to balance its budget.
Blog
State Budget
New York Taxes: Layers of Liability
June 25, 2020
Any consideration of tax increases should include the impact on State and local economic competitiveness
Blog
City Budget
Buoying EDC's Operating Budget
June 01, 2020
EDC’s recent decision to reduce service hours and recalibrate routes on NYC Ferry is a step in the right direction.
Blog
Education
Target School Aid to Avoid the Most Painful Cuts
May 12, 2020
With the State budget being realigned, now is the time to revisit how New York distributes its school aid dollars by accounting for student need, district wealth, and total district revenues.
Blog
State Budget
5 Proposals that Should be Left Out of the FY21 Enacted Budget
March 29, 2020
New York State’s bleak fiscal outlook requires lawmakers pass a “bare bones” fiscal year 2021 budget that is focused on funding critical services and the response to the COVID-19 pandemic.
Blog
Health Care
Maintaining Momentum on Medicaid Redesign
March 27, 2020
To ensure a sustainable Medicaid program that can help New Yorkers most in need in the future, the Executive and Legislature should continue the course correction started by the MRT, especially as they enact a budget during these troubled times.
Op Ed
State Budget
Let’s have some fiscal emergency preparedness, New York
New York Daily News
March 02, 2020
As we have watched the stock market drop and serious concerns about the coronavirus mount, we budget watchdogs predictably have started to worry.
Testimony
Health Care
Public Comment Submitted to the Medicaid Redesign Team II
March 02, 2020
CBC offers these recommendations to the MRT and hopes they also guide State leaders when adopting the fiscal year 2021 budget.
Blog
State Budget
New York State Budget (Actually) Grows at 2 Percent, Assuming $2.5 Billion in Medicaid Savings Realized
February 20, 2020
Under 2? It's True! (This time.)
Testimony
Education
Testimony on Education Proposals in Executive Budget for Fiscal Year 2021
Submitted to the New York State Joint Legislative Budget Hearing on Elementary and Secondary Education
February 10, 2020
The Executive Budget increases aid more than is needed to fund an SBE at a time when the State is proposing to close significant gaps.
Blog
State Budget
2020 Vision
A Four-Pronged Approach to Focus on a Balanced, Transparent State Budget
January 09, 2020
As New York State aims to remedy the current year deficit and close next year’s budget gap, State leaders should be striving to prepare the State for the future.
Testimony
Education
Testimony on the New Department of Education Five-Year Capital Plan
Submitted to a Joint Hearing of the City Council Committees on Education and Finance and Subcommittee on the Capital Budget
December 18, 2018
City officials cannot continue to expect the City can build its way to a solution; making real progress will require implementing operational strategies that alter the use of space and redirect students to facilities with capacity.
Blog
State Budget
Don’t Get Too High on Potential Marijuana Revenues
December 13, 2018
There is significant revenue potential from the marijuana industry, but research suggests that many months or years of careful planning precede consistent revenues.