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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.
Podcast episode
Housing
1.4%, with Vicki Been
May 02, 2024
1.4% is NYC’s current—and historically low—apartment vacancy rate. New York City and State are in the throes of a housing crisis caused by decades of underproduction. To discuss the latest housing policy news affecting both NYC and the state, we’re joined by national housing expert Vicki Been, professor at NYU's Furman Center and former NYC Deputy Mayor for Housing and Economic Development.
Podcast episode
Housing
$60 billion, with Lisa Bova-Hiatt and Jamie Rubin
April 05, 2024
$60 billion is how much NYCHA plans to invest in its infrastructure over 5 years. Facing ongoing challenges such as budget gaps, weakening rent collection, and deteriorating physical conditions, NYCHA CEO Lisa Bova-Hiatt and Chair Jamie Rubin shared their strategies for managing the nation's largest public housing system.
Statement
Pensions & Benefits
Statement on Proposed Tier 6 Benefit Sweetener as Part of State’s Fiscal Year 2025 Budget
March 27, 2024
The proposed change to Tier 6 pension benefits, which will cost the State and local governments in New York nearly $400 million per year, is unnecessary, expensive, and should be rejected.
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.
Blog
Housing
4 Fast FHEPS Facts
May 08, 2023
The cost of these rental assistance programs has increased immensely, from $16 million in fiscal year 2015 to an anticipated $636 million in fiscal year 2023.
Blog
Housing
Building the Housing We Need
State Proposes Cost-Effective Strategies to Boost Production, Increase Affordability
March 01, 2023
Governor Kathy Hochul proposed a package of bills intended to double New York’s housing production rate to create 800,000 new units over the next decade.
Statement
Public Workforce
Statement on the New York City–District Council 37 Tentative Contract Agreement
February 17, 2023
The tentative contract announced today provides raises that are very reasonable given recent and anticipated inflation. The great challenge is how the City will pay for them.
Podcast episode
Housing
1 in 3, with Chief Housing Officer Jessica Katz
November 11, 2022
1 in 3 is the number of households in New York City that are severely rent burdened. That means nearly 600,000 households are spending more than half of their monthly income on rent, electricity, and heat. At a recent CBC Trustee event, Jessica Katz, NYC's Chief Housing Officer, discussed how the Adams administration is tackling NYC's housing needs and managing its housing agenda to ensure success.
Podcast episode
Housing
2 1/2, the Land Use Edition
October 04, 2022
2 1/2 is the average number of years it takes a private rezoning application to get approved in New York City, and that doesn't include the often lengthy informal pre-review negotiations. This is one of many findings in CBC's report "Improving New York City's Land Use Decision-Making Process," which can be found at cbcny.org. At a special panel discussion, Maria Torres-Springer, the Deputy Mayor for Economic and Workforce Development, delivered opening remarks on the Administration's efforts to tackle New York's housing challenges, followed by a policy panel steeped in experience with New York City's land use process.
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.
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.
Statement
Housing
Statement in Regard to the New York State Joint Legislative Budget Hearing on Housing
January 31, 2022
We are pleased that the Governor’s Fiscal Year 2023 Executive Budget included several proposals to encourage the production of more housing.
Special Feature
Public Workforce
NYC Employee Headcount
October 18, 2021
New York City's headcount declined by 3.4 percent (11,175 positions) from fiscal year 2020 to fiscal year 2021, but the Mayor's Adopted Budget for authorized a substantial increase for fiscal year 2022
Blog
City Budget
Five Fast Facts about the NYPD’s Adopted FY 2022 Budget
July 15, 2021
The more than $10 billion in planned annual spending on the NYPD continues to garner significant attention. NYC’s recently adopted FY 2022 Budget has five important takeaways.
Blog
City Budget
Hiring Now, Attrition Later
One-Year Hiring Thaw Leaves Budgeted Staff Reduction For Next Mayor
July 13, 2021
In the Fiscal Year 2022 Adopted Budget, Mayor Bill de Blasio and the City Council temporarily reversed the City’s partial hiring freeze savings plan.
Blog
Public Workforce
We Fund the Police
How Much? What Has Changed?
June 15, 2021
Few fiscal realities are the subject of as much public attention as the size of the NYPD budget.