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Blog
Education
Making the Grade
New York State Should Ensure that Massive School Funding Increase Drives Results
September 15, 2021
New York’s schools open this year slated to receive more aid than ever from the State plus $11.4 billion in one-time federal pandemic aid that can be spent over four years.
Podcast episode
Economic Development
$150 million, with Alicia Glen
July 23, 2021
$150 million is the amount of capital funding NYC has committed toward the creation of a Center for Climate Solutions on Governors Island. Joining the podcast to discuss this and other plans for Governors Island is Alicia Glen, Chair of the Trust of Governors Island and the former Deputy Mayor for Housing and Economic Development.
Podcast episode
State Budget
$209 billion, with State Senator Liz Krueger, E.J. McMahon, and Patrick Orecki
June 30, 2021
$209 billion is the total spending in New York State's Enacted Budget for Fiscal Year 2022. Six months ago, New York State was staring down a four-year revenue shortfall totaling $60 billion—however, revenues have strengthened and the federal government passed a stimulus bill that includes what may be the largest state and local government relief program in history. Still, the State decided to raise taxes, boost education aid, and fund a host of economic recovery programs. Joining the podcast are three guests to discuss what this means for the State's fiscal future: State Senator Liz Krueger, Senior Fellow at the Empire Center and Adjunct Fellow at the Manhattan Institute E.J. McMahon, and CBC's Director of State Studies Patrick Orecki.
Special Feature
City Budget
5 Year Pocket Summary
Fiscal Year 2021-2022, 74th Edition
June 28, 2021
The Pocket Summary features a five-year snapshot of economic and fiscal data of New York City and New York State.
Blog
Economic Development
Complement, Don't Duplicate
Targeting NYC Small Business Recovery Programs
June 21, 2021
It is critically important for the City to identify potential gaps first by determining which businesses are eligible for which existing programs and whether those programs reasonably meet their needs.
Blog
State Budget
And State Spending Growth Resumes
Buoyed by Revenue Strength and Federal Aid
March 26, 2021
Governor’s Fiscal Year 2022 Executive Budget proposes to increase State Operating Funds spending an average of 3 percent per year over the next four fiscal years.
Blog
State Budget
NYS Should Not Borrow for Operations Without Spending Restraint, Fiscal Stability Plan, Enhanced Oversight, and Transparency
February 10, 2021
Using long-term debt to fund operations can be a tempting way to close budget gaps, but it should be a last resort.
Podcast episode
State Budget
$7.4 billion, with E.J. McMahon
February 03, 2021
$7.4 billion is how much NYS personal income tax was paid in 2018 by residents of other states. This revenue stream may be threatened if a lawsuit over taxation of out-of-state telecommuting residents prevails. Today's guest is E.J. McMahon, adjunct fellow of the Manhattan Institute and senior fellow of the Empire Center. He explains why this lawsuit is so important and also discussed elements of the NYS Executive Budget. And, in her final episode as host, Maria Doulis offers a brief analysis of the NYC Preliminary Budget.
Blog
State Budget
What to Look for in the NYS FY 2022 Executive Budget
January 15, 2021
Balancing the fiscal year 2022 budget will require some combination of spending cuts, additional revenues, and other actions
Podcast episode
State Budget
Episode 86: $28.8 billion, the Holiday Edition
December 11, 2019
$28.8 billion is the cumulative four-year budget gap facing New York State between fiscal years 2020 and 2023. CBC President Andrew Rein joined the podcast to explain how the State should get its fiscal house in order. And for a special treat, CBC's Andrew Perry and Ana Champeny discuss regional economic development and NYC property taxes. Happy Holidays!
Blog
State Budget
Truth in (Financial Plan) Reporting
Will New York State’s Mid-Year Financial Plan Update Appropriately Reflect and Address the Medicaid Budget Shortfall?
November 05, 2019
The State must recognize actual and timely payments for the Medicaid program and explain how it will address the estimated $9 billion Medicaid budget shortfall.
Special Feature
Housing
Facts About Housing
October 10, 2019
This infographic presents a snapshot of Mayor's Housing Plan, Capital Commitments for Housing, NYCHA's Capital Needs, and NYC Tax Expenditures and Revenue.
Podcast episode
State Budget
$7.3 trillion, with Linda A. Lacewell
October 04, 2019
$7.3 trillion is the total assets of the more than 3,000 insurance and financial institutions regulated by the New York State Department of Financial Services (DFS). DFS Superintendent Linda Lacewell discusses DFS' critical role as a regulator.
Podcast episode
Housing
90%, with Sean Campion
September 20, 2019
90% is the share of NYCHA units that are at risk of no longer being cost effective to repair by 2027 at the current rate of deterioration. NYCHA released a plan to address this in December 2018. CBC Senior Research Associate Sean Campion joins the pod to discuss progress, the urgency of success, and the dismal impact of failure.
Blog
Taxes
Personal Income Tax Revenues in New York State and City
August 13, 2019
PIT revenues are a significant - and volatile - part of State and City budgets.
Blog
Pensions & Benefits
Governor Cuomo Should Veto 19 Benefit Sweetener Bills
2019 Benefit Sweetener Scorecard Update
July 12, 2019
The bills would enhance benefits without providing enhanced services to taxpayers or offsetting savings.
Blog
Economic Development
Governor Cuomo Should Veto 3 Economic Development Bills
2019 Economic Development Scorecard
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.
Special Feature
City Budget
Budget Navigator
for New York State and New York City Finances
June 21, 2019
The Budget Navigator is an online tool that allows New Yorkers to be their own budget watchdogs. Users can examine New York State or City revenues and expenses to determine levels of funding in recent years, analyze trends, and see how that funding compares between departments and services.
Podcast episode
Housing
6/15, the Rent Regulation Edition
June 07, 2019
6/15 is the date when NYS rent laws are set to expire. Strengthening rent regulation is a top priority for the Governor and state lawmakers in the closing days of the legislative session. Listen to REBNY President John Banks and Assemblymember Harvey Epstein share their perspectives.
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.