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Podcast episode
City Budget
3, Comptrollerpalooza!
September 24, 2024
3 is the number of current and former Comptrollers who sat down to discuss the City and State's finances, economy, population loss and more. While jobs and tourism have recovered, New York continues to face challenges with hybrid work affecting downtowns and the office market, housing affordability, future budget gaps, and needed infrastructure investment. Former NYC Comptroller Bill Thompson moderated a discussion during which NYS Comptroller Tom DiNapoli and NYC Comptroller Brad Lander dig into what the City and State is doing with your money and New York's future.
Video
City Budget
Comptrollerpalooza!
NYS Comptroller Tom DiNapoli and NYC Comptroller Brad Lander
September 23, 2024
Moderated by former NYC Comptroller William C. Thompson, Jr.
Report
Education
Sustainably Supporting a Sound Basic Education
Part 2
August 14, 2024
Flaws in New York State’s school aid funding formulas stop the State from effectively distributing funds based on student need and local capacity.
Podcast episode
Housing
109,000, with Dan Garodnick
August 09, 2024
109,000 is the number of new homes New York City aims to create over the next 15 years through its City of Yes for Housing Opportunity zoning proposal.
Video
City Budget
Briefing on the NYS and NYC Fiscal Year 2025 Budgets
July 30, 2024
CBC's Ana Champeny and Patrick Orecki delivered a briefing on the fiscal year 2025 budgets of New York State and New York City, including basic fiscal overviews and the risks facing the State and the City.
Report
City Budget
Myths and Facts
NYC Adopted Budget for Fiscal Year 2025
July 30, 2024
Throughout the budget debate, public discussion was sometimes hampered by misunderstanding by various stakeholders. This chartbook fact checks and corrects five relatively common, inaccurate perceptions about the budget.
Podcast episode
City Budget
$116 billion, with Council Member Justin Brannan
July 26, 2024
$116 billion is the total NYC adopted budget for FY 2025, including the $4 billion of FY25 bills that were prepaid. This year’s budget talks between the Mayor and City Council took several twists and turns, ending with the narrowly on-time arrival of an adopted budget. New York City Council Member Justin Brannan, Chair of the Council’s Finance Committee, joined the podcast to discuss the budget, the Council’s role, and his prior career as a musician.
Report
Education
Sustainably Supporting a Sound Basic Education
Proposals to Reform NYS School Aid
July 16, 2024
While attention is primarily focused on Foundation Aid, which comprises nearly two-thirds of State school aid, effective resource allocation reform should address all funding streams.
Report
City Budget
Refined Recommendations to NYC Charter Revision Commission
for Improving Finances and Resident Feedback
July 08, 2024
The sections below outline the proposed changes and how they would improve the City’s financial management and resident feedback. Draft Charter language is in the Appendix.
Report
City Budget
NYC Adopted Budget
Pleasing, Not Prudent
July 01, 2024
Unfortunately, our City’s leaders again did little to ensure priority programs are sustainable by making government more efficient and shrinking lower impact activities.
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.
Video
State Budget
Conversation with Adrienne Harris
Superintendent of the NYS Dept. of Financial Services
June 21, 2024
Since taking over at DFS, Superintendent Harris has overhauled the agency and taken decisive actions on a series of defining issues including virtual currency, cybersecurity, and consumer protection.Superintendent Harris is a former CBC New Leader.
Podcast episode
City Budget
6,632, with First Deputy Mayor Sheena Wright
June 13, 2024
6,632 is the number of NYC households who responded to CBC's 2023 NYC Resident Survey: "Straight from New Yorkers." The survey provides the most comprehensive, statistically valid, post-pandemic view of how New Yorkers are feeling about the City's quality of life and the quality of government services. Among the many eyebrow-raising pieces of feedback coming Straight from New Yorkers: Only 30% of rate their quality of life as excellent or good, down from 50% in 2017. Joining the pod to discuss the survey results and the City's priorities is New York City First Deputy Mayor Sheena Wright.
Report
City Budget
Preliminary Recommendations to NYC Charter Revision Commission
for Improving Finances, Management, and Resident Feedback
June 13, 2024
CBC believes the CRC should focus on recommending changes that are appropriate to the Charter and not local law.
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.
Report
City Budget
Checklist for NYC Fiscal Year 2025 Budget Adoption
Strengthening the City’s Fiscal Health and Competitiveness
May 22, 2024
The City Council will wrap up its Fiscal Year 2025 Executive Budget hearings this week, kicking Administration and Council budget negotiations into high gear.
Special Feature
City Budget
Did You Know?
NYC FY 2025 Executive Budget Edition: Spending Growth [1]
May 01, 2024
The NYC Fiscal Year 2025 Executive Budget proposes to increase City-funded spending 6.3 percent, or $5.2 billion, from fiscal year 2024 to fiscal year 2025.
Special Feature
City Budget
FAQ NYC: ‘Don’t Fudge It in the Budget’
The CITY's Podcast
April 22, 2024
Citizens Budget Commission President Andrew Rein joins hosts Katie Honan and Harry Siegel to break down what we know about the nearly quarter-trillion-dollar State budget that just dropped, weeks late, what to expect from the city's ongoing budget negotiations, and much more.
Report
City Budget
Real Numbers, Real Choices
Recommendations for a Clearer Fiscal View in the NYC Executive Budget
April 18, 2024
New York City’s long-run fiscal stability is precarious, and its short-term prospects are uncertain. Major causes of this uncertainty are revenue estimates that may be unreasonably conservative and spending estimates for current programs that are alarmingly understated.
Report
City Budget
Setting the Right Ceiling
Rethinking the City’s Debt Limits and Capital Process
April 03, 2024
New York City has requested that the State raise the City’s debt limit—the maximum amount of the long-term debt the City can have outstanding—by $18.5 billion.