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Op Ed
City Budget
Taking Control of New York’s Budgetary Future
Vital City
January 25, 2024
Budget season kicked off with an Albany-New York City doubleheader last week, with brightening skies in both places thanks to proactive efforts to cut costs (especially in the city) and a resilient economy that is bringing in higher-than-projected tax receipts.
Op Ed
City Budget
City budget crunch time means tough decisions — not more taxes
New York Post
December 20, 2023
Under every published projection, even after the mayor’s latest Program to Eliminate the Gap, New York City still faces a budget shortfall next year.
Op Ed
City Budget
New York Is Teetering on a Fiscal Cliff
Crain’s New York Business
November 07, 2023
Fiscal stability underpins the city’s ability to provide core services to New Yorkers and is fundamental for economic growth.
Blog
City Budget
5 Myths and Facts about the NYC FY 2024 Budget
August 15, 2023
Let’s unpack the facts behind some common myths about New York City’s budget.
Blog
City Budget
Spending In Perspective
NYC FY 2024 Executive Budget
May 23, 2023
While proposed fiscal year 2024 City funds spending declines 2.2 percent from what is currently projected for fiscal year 2023, it is 7.5 percent higher than fiscal year 2022.
Blog
City Budget
Not Undercover
The NYC Fiscal Year 2024 Executive Budget for the NYPD
May 17, 2023
New York City’s Fiscal Year 2024 Executive Budget allocates $10.8 billion for the NYPD in fiscal year 2024.
Op Ed
City Budget
Smart Savings Are Needed Now in the City Budget
New York Daily News
April 24, 2023
Ignoring six sobering realities, the critics ignore the call to smartly restrain spending growth, improve management, and speed hiring.
Blog
City Budget
7 Facts about the Adams Administration’s Prior Savings Plans
April 12, 2023
CBC finds that 92 percent of the prior plans’ savings will have no effect on services since they come from eliminating underspending, re-estimating costs, savings on debt service, leveraging federal or other funding, and increasing efficiencies in ways designed to preserve services.
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
City Budget
What to Look for in the NYC Fiscal Year 2024 Preliminary Budget
January 11, 2023
New York City’s mid-to-long-term outlook is precarious and acting now is key to long-term stability.
Blog
City Budget
What to Look for in the NYC November Modification
November 14, 2022
The modification is likely to be more substantial due to Mayor Eric Adams’ call for a Program to Eliminate the Gap, a rocky economy, and future gaps that could approach $10 billion.
Op Ed
City Budget
Eric Adams’ plan to eliminate NYC’s budget gap is very achievable — and desperately needed
New York Post
September 22, 2022
The best way to protect New York’s future is to stabilize the budget and prioritize and better manage critical services.
Blog
City Budget
Big Budget
NYC’s Adopted FY 2023 Budget—Spending and Growth
June 28, 2022
Adopted City Funds spending next year is $77.6 billion, a $5.5 billion (7.7 percent) increase over fiscal year 2022 and $1.9 billion more than the Executive Budget.
Op Ed
City Budget
We Need to Pump Up the City's Rainy Day Fund Now
Crain's New York Business
June 07, 2022
New York City needs to be ready to protect the most vulnerable in the next economic storm. So we urge the mayor and the city council to put a serious sum into our city’s rainy day fund as they conclude budget negotiations this month, while the sun is shining.
Blog
City Budget
What’s Up With (in) the NYPD Fiscal Year 2023 Executive Budget
May 09, 2022
Compared to the Preliminary Fiscal Year 2023 Budget, the City-funded NYPD operating budget is more than $140 million higher in each year of the plan.
Blog
City Budget
Unnecessary Increase
Despite 18,000 Vacancies, NYC FY 2023 Executive Budget Adds 3,000 New Positions
May 04, 2022
Rather than add positions, the City should redistribute available vacancies across departments, within agencies, or across agencies.
Op Ed
City Budget
NYC Faces Fiscal Disaster If Officials Think They Can Do It All
City & State
April 21, 2022
The choices made, along with the outcomes of city labor negotiations, will reverberate for years to come.
Blog
City Budget
18,000 Vacant City Jobs Is More Than Enough
Vacancy Reduction Should Not Impede Hiring; How NYC Manages Will
March 30, 2022
Any staffing issues are the result of management, system, and labor market challenges, not a shortage of available positions
Blog
City Budget
Six Fast Facts about the NYPD's Preliminary FY2023 Budget
March 18, 2022
Public safety is a top issue for New Yorkers, and the New York City Police Department (NYPD) budget continues to garner attention and interest.
Blog
City Budget
The Record on Reserves
New York City Fiscal Year 2023 Preliminary Budget Reserves
February 28, 2022
While this is a record in dollars, it is not the record as a percent of the City-funded budget.