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Blog
State Budget
On Time, Off-budget
State 2020 Budget Grows 4.9 Percent
May 28, 2019
State Operating Funds spending is projected to grow 4.9 percent, more than double the 2% benchmark.
Op Ed
City Budget
What de Blasio, City Council should do with $800 million
Crain’s New York Business
May 22, 2019
While de Blasio and Council Speaker Corey Johnson have both stressed the importance of preparing for an eventual economic downturn, the mayor's proposal falls short of what's needed.
Blog
Education
Adopted Budget Continues Unequal Access to a Sound Basic Education
May 22, 2019
It will cost NYS school districts approximately $62.6 billion to provide a sound basic education to all students, yet several districts will not have enough funding.
Video
City Budget
Melanie Hartzog, NYC Budget Director
CBC Breakfast Series
May 17, 2019
OMB Director Melanie Hartzog presented the New York City Executive Budget to CBC Trustees and to answered important questions.
Video
Transportation
Switching Gears: A New Way to Fund Transportation
A Panel Discussion
May 14, 2019
The Rockefeller Institute of Government and CBC hosted "Switching Gears: A New Way to Fund Transportation," a presentation and expert panel discussion on the vehicle-miles travel (VMT) fee.
Special Feature
City Budget
Facts About The NYC Budget
2019
May 13, 2019
A snapshot of NYC's budget, including projections for spending, headcount, savings, liabilities, and revenue shortfalls in case of a recession.
Blog
Public Workforce
NYS Legislature Introduces 130 Benefit Sweetener Bills
May 01, 2019
For the remaining seven weeks of the legislative session, members will propose to enhance the benefits of State and local public employees and retirees.
Blog
Pensions & Benefits
2019 Benefit Sweetener Scorecard
New York State Bill Tracker
May 01, 2019
For the remaining seven weeks of the legislative session, members will propose to enhance the benefits of State and local public employees and retirees.
Blog
Economic Development
NYS Legislature Introduces 61 Economic Development Bills
April 24, 2019
Dozens of bills to expand existing economic development programs and create new ones have been introduced during the legislative session.
Blog
Taxes
Follow the Money
The MTA’s New Revenues
April 05, 2019
The NYS Adopted FY 2020 Budget directs three revenue sources to support the MTA. This blog clarifies what the revenue streams are and how they will flow to the lockbox.
Video
Transportation
CBC Report on NYC Ferry and Subsidies
Fox 5 News
March 30, 2019
According to a CBC report, the number of NYC Ferry passengers for all of last year is less than the number of passengers who ride NYC subways in just one day. Mayor de Blasio defends the ferry service & says it’s a long-term investment.
Video
Transportation
Report Slams High Subsidy Cost for Running NYC Ferry Service
Specrum News NY1
March 29, 2019
A new study by the Citizens Budget Commission finds that each trip costs taxpayers $10.73. That's more than 10 times the subsidy for a trip on the subway at $1.05.
Video
State Budget
Finalizing Tax Proposals for the State Budget
Spectrum News NY1
March 28, 2019
NY1 looked at education, congestion pricing and criminal justice and taxes and the proposal for five year extension of the millionaire's tax, CBC President Andrew Rein joined to help unpack the proposed budget.
Blog
State Budget
NYS Revenues in a Recession
Quantifying the Potential Shortfall
March 19, 2019
New York State revenue weakness already looms over the fiscal year 2020 budget negotiations.
Blog
Taxes
Pied-à-Terre Tax
Appealing but Problematic
March 13, 2019
The pied-à-terre tax is appealing politically because it is levied on wealthy people with means to pay and nonresidents who do not vote. Nevertheless, it is problematic for several reasons.
Op Ed
Education
No, New York Shouldn't Add Billions in New Education Funding
What the state really needs to do is focus aid on districts that need it
March 11, 2019
Albany should target the distribution of school aid to districts that need it, rather than ensure that almost every district gets more no matter its circumstance.
Blog
Education
Funding a Sound Basic Education in 2020
March 07, 2019
Despite significant funding increases over the past decade, some districts in New York State still do not have the resources to provide a sound basic education.
Blog
City Budget
PEGging It Right
Guidelines for the PEG Process
March 05, 2019
For the first time since taking office, Mayor Bill de Blasio has announced plans to implement a Program to Eliminate the Gap (PEG), which requires agencies to generate savings through expense reductions or revenue enhancements. The de Blasio administration previously eschewed PEGs in favor of Citywide Savings Plans (CSPs); in contrast to the PEG, agency participation in the CSP was voluntary. Pursuing a PEG presents both a challenge and an opportunity. This blog proposes three guidelines for the process: 1) identify significantly more than $750 million in savings, 2) encourage recurring savings through efficiency, and 3) follow agencies’ leads.
Video
State Budget
NYS Budget Director Robert Mujica (2019)
Annual Budget Briefing
March 04, 2019
New York State Budget Director Robert Mujica reviewed the New York State Executive Budget for Fiscal Year 2020.
Blog
City Budget
NYC Revenues in a Recession
Quantifying the Potential Shortfall
February 26, 2019
The potential shortfall from a recession comparable to the last two recessions could be substantial: between $15 billion and $20 billion below projections over three years.