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Statement
State Budget
Statement on New York State's First Quarterly Update to the Fiscal Year 2023 Financial Plan
August 02, 2022
CBC President Andrew S. Rein released this statement on behalf of the CBC.
Statement
Transportation
Statement on the Empire State Development General Project Plan and Letter of Mutual Agreement with the City for the Penn Station Area Civic and Land Use Improvement Project
July 26, 2022
Catalyzing development in the Penn Station district and renovating the station itself should help New York’s competitiveness and enable future growth.
Blog
State Budget
Late Addition
$1.6 billion in Capital Pork Served Up
July 20, 2022
The additional cash and pressure to achieve a budget deal also resulted in the late addition of $1.6 billion for capital projects that were not included in the Executive’s or Legislative budget proposals.
Statement
Transportation
Statement on NYC Ferry Forward Plan
July 14, 2022
The Adams Administration plans to take some important, positive steps to improve the finances and transparency of NYC Ferry.
Podcast episode
Economic Development
28, with Deputy Mayor Maria Torres-Springer
July 06, 2022
28 is the number of core strategies and initiatives in Mayor Eric Adams' recently unveiled plan - "Rebuild, Renew, Reinvent: A Blueprint for NYC Economic Recovery." The blueprint focuses on small businesses, entrepreneurship, an equitable economy and inclusive growth, connecting New Yorkers to quality jobs, and more. At an event with CBC Trustees, Maria Torres-Springer, the Deputy Mayor for Economic and Workforce Development, discussed the blueprint's important elements and how they will benefit current and future New Yorkers.
The SoundCloud content at https://soundcloud.com/ggcbcpodcast/episode-118-28-with-deputy-mayor-maria-torres-springerhttps://soundcloud.com/ggcbcpodcast/episode-118-28-with-deputy-mayor-maria-torres-springer is not available, or it is set to private.
Testimony
Housing
Testimony on the Adams Administration’s Housing our Neighbors Plan
Submitted to the City Council Committee on Housing and Buildings
July 01, 2022
Affordable housing production is also only one piece of the housing policy toolkit. While increasing the supply of affordable units is critical, the City, State and federal governments address the demand side, as well, by subsidizing household incomes, primarily though rental housing vouchers and other household subsidies and through workforce development programs.
Press Release
Economic Development
Pennsylvania Station Area Civic and Land Use Improvement Project
June 24, 2022
Read more on the outstanding issues that must be addressed for the project to have the maximum and most cost-effective impact for all New Yorkers.
Testimony
Transportation
Testimony to the New York State Senate on the Pennsylvania Station Area Civic and Land Use Improvement Project
Submitted to the Senate Standing Committee on Corporations, Authorities and Commissions and the Senate Standing Committee on Finance
June 24, 2022
To ensure the project has the maximum and most cost-effective impact, the plan should be designed and executed well, should be based on appropriate decision making input and authority, and should appropriately leverage City, State, federal, and private resources.
Letter
Transportation
Coalition of Advocates in Support of Congestion Pricing
Letter to the Governor
June 23, 2022
The goals of congestion pricing when the legislation was passed in 2019 are now more pressing than ever.
Video
CBC News
Conversation with Deputy Mayor Maria Torres-Springer
A CBC Event
June 21, 2022
Maria Torres-Springer is New York City's Deputy Mayor for Economic and Workforce Development.
Report
State Budget
Options to Address NYS' Unemployment Insurance Trust Fund Debt
June 14, 2022
The State has three options for addressing the Trust Fund’s current debt, each of which have trade-offs and implications that should be considered.
Op Ed
Housing
The Only Way to Build What We Need: NYC’s Construction Imperative
New York Daily News
June 10, 2022
If New York is to be an affordable place to live for the diverse populace it needs to thrive, it must be, to paraphrase Mayor Adams, a ”a city that says yes” to more of all housing types across the city.
Report
Housing
Making the Most of Monitorship
Leveraging the Opportunity to Meet NYCHA's Needs
May 26, 2022
In 2018, after decades of underinvestment and recurring management problems, the New York City Housing Authority (NYCHA) was on the brink of federal receivership.
Letter
State Budget
Watchdog Groups Ask Governor to Show How Billions in Lump Sums Are Spent
May 24, 2022
Leading government and budget watchdog groups are once again asking Government Hochul to keep her promise to bring a “new era of transparency” to state government, this time by showing the public how billions in state lump sum funds are spent.
Blog
State Budget
NYS Budget Basics, Fiscal Future
The Fiscal Year 2023 Enacted Budget Financial Plan
May 24, 2022
Given the uncertain economic recovery, the budget choices State leaders made all but assure New York will have to make permanent the temporary tax increases of 2021, and may lead to drastic service cuts or even greater tax increases in the future.
Statement
Housing
CBC Urges Legislature to Pass a Well-Crafted Successor to 421-a and Create NYCHA's Preservation Trust
May 17, 2022
CBC calls on State lawmakers to support two priorities critical to improving the supply, affordability, and quality of New York City’s rental and public housing.
Blog
Housing
No Windfall
Ending 421-a Today Won't Free Up $1.8 Billion for Decades
May 05, 2022
CBC analyzed the costs of seven different types of rental projects built under the current version of 421-a and found the vast majority would not be financially feasible without the 421-a tax exemption.
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.
Testimony
Housing
Testimony on the Impact of NYCHA's RAD/PACT Program
Submitted to the City Council Committee on Public Housing
May 03, 2022
The New York City Housing Authority’s (NYCHA) Rental Assistance Demonstration (RAD) and Permanent Affordability Commitment Together (PACT) programs deliver meaningful changes for NYCHA residents, but it alone will not solve NYCHA's capital crisis.
Podcast episode
State Budget
$220 billion, with Senator Liz Krueger
April 19, 2022
$220 billion is the reported size of the New York State fiscal year 2023 budget that the Governor and Legislature adopted on April 10. The budget includes a property tax rebate and a tax holiday, and increases State spending about $14 billion, with more money for education aid, day care, rent relief, health care, and a new stadium, among other programs. Joining the podcast to unpack the new budget is Chair of the State Senate Finance Committee, Senator Liz Krueger.