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Press Release
CBC News
CBC Releases "11 Billion Reasons to Rethink: New York's Increasing Economic Development Spending"
July 20, 2023
CBC's new policy brief reveals that New York's State and local economic development spending continues to increase without sufficient evidence that these programs cost-effectively create jobs.
Press Release
CBC News
CBC Releases "Stabilized, for Now: The MTA's Operating Budget's Long-Run Outlook"
July 17, 2023
The MTA still has a long-run structural gap—$900 million—that will reemerge in 2029.
Report
State Budget
Making Hay While the Sun Shines
A Plan to Strengthen New York State’s Rainy Day Fund
June 28, 2023
Today we are left playing catchup with the threats of storm clouds looming on the horizon.
Press Release
CBC News
CBC Releases "Making Hay While the Sun Shines"
June 28, 2023
CBC recommends five additional reforms needed to ensure the State builds sufficient savings.
Statement
CBC News
Statement on the Passing of Richard Ravitch
June 26, 2023
Dick Ravitch was a giant of our City, a true leader, an indefatigable advocate, a friend, and an inspiration.
Press Release
CBC News
CBC Releases Letter to Mayor and Speaker on FY 2024 Budget Adoption
June 26, 2023
Today CBC sent a letter urging Mayor Adams and Speaker Adams to adopt a fiscal year 2024 budget that not only provides critical services to New Yorkers in the upcoming year but stabilizes the City’s precarious fiscal and service outlook.
Press Release
CBC News
CBC Submits Public Comment on Proposed Changes to the Metropolitan Transportation Authority’s Fares and Tolls
June 22, 2023
While the State rescue plan provides significant resources, it does not solve the MTA’s operating budget problem.
Press Release
CBC News
CBC Releases "New York State Budget Process Reform—Little Progress"
June 21, 2023
At the outset of budget season, CBC made 12 recommendations to improve New York State’s budgeting and fiscal management.
Statement
State Budget
Statement on the NYS Fiscal Year 2024 Enacted Budget Financial Plan
June 12, 2023
NYS's Enacted Budget Financial Plan reveals that the State’s future budget gaps have doubled to $9.1 billion just next year and $13.4 billion in fiscal year 2027.
Press Release
CBC News
CBC Releases "Spending In Perspective" and "PEGs In Perspective"
May 23, 2023
As City Council Executive Budget hearings wrap up, signaling the next stage of New York City budget negotiations, the CBCs two new releases, Spending in Perspective and PEGs in Perspective, reveal that:
Press Release
CBC News
CBC Releases "Fiscal Year 2024 Executive Budget: NYC Department of Education Overview"
May 22, 2023
The fiscal year 2024 budget is nearly $500 million below the current projection for fiscal year 2023.
Press Release
CBC News
CBC Releases "Uncertain Future, Urgent Priority: Fix NYCHA's Operating Budget Now"
May 18, 2023
CBC's new policy brief reveals that NNYCHA’s long-standing fiscal challenges have worsened, and that the consequences of delaying long overdue fixes could be dire.
Press Release
CBC News
CBC Releases "Not Undercover: The NYC Fiscal Year 2024 Executive Budget for the NYPD"
May 17, 2023
CBC’s new blog finds that the $10.8 billion allocated to the NYPD for fiscal year 2024 is likely $600 million less than is needed to fund recent collective bargaining agreements and overtime.
Press Release
CBC News
CBC Releases "4 Fast FHEPS Facts"
May 08, 2023
CBC's new blog finds that spending on New York City's rental assistance programs is expected to reach $636 million in fiscal year 2023.
Statement
State Budget
Statement on the NYS Fiscal Year 2024 Enacted Budget
May 02, 2023
More than a month late, New York State’s elected leaders are finally enacting the Fiscal Year 2024 Budget.
Statement
State Budget
Statement on the NYS Fiscal Year 2024 Budget Conceptual Agreement
April 28, 2023
Four weeks late, Governor Hochul announced the State’s leaders have agreed to a framework for the Fiscal Year 2024 Budget.
Statement
State Budget
Statement on the Ongoing New York State Fiscal Year 2024 Budget Delay
April 20, 2023
Budget negotiations thus far have focused on a few important policy areas, but not much about the billions of dollars and cents in the budget.
Press Release
CBC News
CBC Releases "7 Facts about the Adams Administration’s Prior Savings Plans"
April 12, 2023
When Mayor Eric Adams’ Administration directed City agencies to implement a PEG (Program to Eliminate the Gap) last week, many were concerned about the potential service impact since the Administration had already implemented three savings plans.
Press Release
CBC News
CBC Releases "School Spending, Enrollment, and Fiscal Cliffs 101"
The NYC Department of Education Budget Before, During, and After the Pandemic
April 11, 2023
New York City spends $36.9 billion—more than one-third of its annual budget—educating children.
Statement
State Budget
Statement on New York State Fiscal Year 2024 Budget Delay
March 31, 2023
While critical policy issues are being hammered out, little if any attention appears directed to how billions of dollars of added unfunded programs will explode the State’s already significant structural budget gap.