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August 13, 2019PIT revenues are a significant - and volatile - part of State and City budgets.
May 31, 2019Do schools in NYS have enough money to provide a Sound Basic Education. CBC says yes, except for 21 districts.
May 22, 2019It 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.
April 05, 2019The 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.
March 13, 2019The 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.
March 07, 2019Despite 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
February 26, 2019The 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.
Blog State Budget
December 13, 2018There is significant revenue potential from the marijuana industry, but research suggests that many months or years of careful planning precede consistent revenues.
September 13, 2018NYC Advisory Commission on Property Tax Reform is charged with recommending reforms to make the NYC property tax fairer, simpler, and more transparent. CBC, the Regional Plan Association, and NYU Wagner convened a panel to discuss the current property tax system and the reforms that should be pursued.
September 12, 2018One of the basic principles of good tax policy is equity: similarly situated taxpayers should have similarly sized tax bills. New York City’s property tax system does not comport with this principle.
June 14, 2018Teachers in the Absentee Teacher Reserve (ATR) will cost the City $136 million in this school year. The City should pursue reforms to the ATR, such as a 6-month time limit, in upcoming labor negotiations with the UFT.
Blog City Budget
March 08, 2018The City Council should reject this program, and all new school bus contracts should be awarded with an eye toward realizing savings in the costs of pupil transportation, now more than $1.2 billion.
February 22, 2018Making changes to Foundation Aid formula would better help school districts most in need while avoiding providing unnecessary amounts of funding to the wealthiest districts.
February 20, 2018The NYS FY2018-2019 Executive Budget increases school aid by $769 million, or 3 percent, to $26.4 billion- twice the increase allowed by the school aid cap.
Video State Budget
February 15, 2018NYS Budget Director Robert Mujica presents the annual New York State Executive Budget Briefing to CBC.
Video City Budget
February 04, 2018Citizens Budget Commission President Carol Kellerman sat down with Errol Louis to share some of her concerns over Mayor de Blasio’s proposed budget.
February 02, 2018The FY 2019 Executive Budget proposed to allow the MTA to create tax increment financing districts in NYC to raise revenue for capital improvements. Though TIFs can play a useful role, the proposal is flawed.
January 24, 2018The federal tax overhaul passed last month may have enormous impacts in New York. What can we expect and what are the best responses?
January 02, 2018New York State will send $25 billion to local school districts during the 2017-2018 school year, accounting for approximately 37 percent of school district revenues.
Blog City Budget
October 20, 2017New Yorkers tell us what the biggest issues are requiring the attention of city government. Click to see how your neighbors responded.