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Podcast episode
State Budget
$8.8 Trillion, with Adrienne Harris
June 27, 2024
$8.8 trillion is the total combined assets of the nearly 3,000 financial institutions that are regulated and supervised by the New York State Department of Financial Services (DFS). In addition to navigating serious banking crises in recent years, DFS faces challenges on the horizon: artificial intelligence, cyber security, and cryptocurrency, to name a few. Joining the podcast is DFS Superintendent Adrienne Harris, who shares with us the important work state leadership is doing to ensure a strong and secure financial services sector, while navigating this rapidly changing landscape.
Special Feature
State Budget
Did You Know?
NYS Enacted Budget Edition
May 24, 2024
Release of Financial Plan Shows $2B More in Spending over State’s Initial Report.
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. NYS Budget Director Blake Washington spoke with CBC President Andrew Rein on the State's fiscal picture and other pressing issues facing New York.
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. Was this primarily due to the pandemic? CBC is relaunching its podcast with a focus on policy discussions, starting with the podcast's founder and CBC alum Maria Doulis, Deputy New York State Comptroller for Budget and Policy Analysis. Tune in as we explore the challenge of retaining and attracting more New Yorkers.
Podcast episode
Energy & Environment
85%, with Doreen Harris and Basil Seggos
January 26, 2024
85% is the amount New York State must reduce greenhouse gas emissions by 2050. The State’s Cap-and-Invest program is a key strategy to cap and reduce emissions, auction emission rights, and invest proceeds in energy transition. Doreen Harris, President and CEO of NYS Energy Research and Development Authority, and Basil Seggos, Commissioner of NYS Department of Environmental Conservation, joined CBC to discuss Cap-and-Invest, and much more.
Blog
State Budget
What to Look for in New York State’s Fiscal Year 2025 Executive Budget
January 11, 2024
With Governor Kathy Hochul having delivered her State of the State address and the Legislature convened, attention in Albany now turns to the Fiscal Year 2025 Executive Budget—due in just a few days.
Podcast episode
Transportation
$1.5 trillion, with the MTA's Janno Lieber and Jamie Torres-Springer
December 19, 2023
$1.5 trillion is the MTA’s total asset value—the trains, buses, yards, and stations...all the infrastructure moving New Yorkers round the clock. At a recent CBC event, MTA Chair and CEO Janno Lieber and President of Construction and Development Jamie Torres-Springer discussed congestion pricing, fare evasion, congestion pricing, state of good repair, the future of Penn Station, and more.
Podcast episode
Energy & Environment
44 million, with Commissioner Jessica Tisch
October 20, 2023
44 million pounds of trash are generated by New Yorkers every day. The NYC Department of Sanitation not only collects residential waste, recyclables, and compostables, but it also removes snow, cleans streets and lots, removes graffiti, and fights rats. CBC Chair Marissa Shorenstein is joined by Sanitation Commissioner Jessica Tisch, who is leading "New York's Trash Revolution." The revolution includes expanding composting citywide, residential and commercial waste containerization, sanitation truck and bin redesign, and more.
Special Feature
Education
Mapping School Aid by District
School Year 2023-24
September 06, 2023
The series of maps below provide district-level data on the distribution of school spending, State school aid, enrollment change, and other data for school year 2023-24.
Blog
Transportation
Stabilized, for Now
The MTA's Operating Budget's Long-Run Outlook
July 17, 2023
Taking steps now to start closing future gaps will ensure changes do not have negative impacts on services or the economy.
Special Feature
City Budget
5 Year Pocket Summary
Fiscal Year 2022-2023, 75th Edition
June 28, 2023
The Pocket Summary features a five-year snapshot of economic and fiscal data of New York City and New York State.
Blog
State Budget
New York State Budget Process Reform—Little Progress
2023 Update
June 21, 2023
With the budget now enacted and the scheduled legislative session concluded, CBC finds the State made little progress implementing the structural reforms needed.
Podcast episode
State Budget
70+, with Kathryn Garcia
May 09, 2023
70+ is the number of agencies and authorities that report through New York State's Deputy Secretaries to New York's Director of State Operations and Infrastructure, Kathryn Garcia. She joined the podcast at a critical time for our State's economy, and after the $229 billion budget was passed by the Legislature one month into the fiscal year. Listen as we learn how the State tries to solve our housing crisis, face our environmental crises, educate our children, and ensure workers and businesses thrive within New York, and much more.
Podcast episode
State Budget
$227 billion, with NYS Budget Director Robert Megna
March 20, 2023
$227 billion is the size of the NYS FY 2024 Executive Budget. The State's finances are in a precarious state, with the economy uncertain and the budget going from riches to rags. There is an $8 billion surplus this year, but outyear gaps of over $7 billion and a $12 billion structural gap. Joining the podcast is NYS Budget Director Robert Megna, who was appointed only 10 days prior to this recording and has returned to the role he held from 2009-2015.
Blog
Economic Development
Shrink, Don’t Expand, the New York State Film Tax Credit
March 06, 2023
The current program already is overly generous compared to other states and should be phased out.
Blog
Economic Development
No Extension without Evaluation
Reject Proposed Extension of Certain NYC Economic Development Tax Breaks Absent Appropriate Analysis
February 23, 2023
Prior evaluations found two of these programs to be ineffective; the bar to justify their extension should be appropriately higher.
Blog
State Budget
Five Fast Facts About the New York State Fiscal Year 2024 Executive Budget
February 03, 2023
To start to unpack the fiscal drivers and implications, CBC starts with five fast facts.
Blog
State Budget
CBC’s New York State Budget Priorities
Fiscal Year 2024
January 30, 2023
Resources available in the near term should not cloud the State’s significant fiscal and economic risks, and the need to stay competitive for residents and businesses.
Blog
State Budget
What to Look for in New York State’s New Year
January 09, 2023
The State enters a new Legislative session and a new gubernatorial term in less favorable fiscal condition than a year ago and with threatening economic headwinds.
Podcast episode
Energy & Environment
80%, with Chief Climate Officer Rohit Aggarwala
November 23, 2022
80% is the reduction in greenhouse gas emissions NYC buildings are required to achieve by 2050 under Local Law 97. This is but one of the many climate and environmental initiatives New York City will implement in the years to come. As the science, technology, and needs continue to evolve, how will the City achieve its goals in a way that is effective, efficient, and flexible? At a recent CBC Trustee event, Rohit Aggarwala, NYC's Chief Climate Officer and Commissioner of the Department of Environmental Protection, discussed these initiatives and more with CBC President Andrew Rein.