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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.
Video City Budget
May 17, 2019OMB Director Melanie Hartzog presented the New York City Executive Budget to CBC Trustees and to answered important questions.
May 14, 2019The 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.
May 13, 2019A new report by the Citizens Budget Commission says New York needs $5.7 billion to keep roads in “good repair.”
Blog Pensions & Benefits
May 01, 2019For the remaining seven weeks of the legislative session, members of the Assembly and Senate will devote their energies to moving bills through the legislative process, including proposals to enhance the benefits of State and local public employees and retirees.
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.
Video Health Care
April 01, 2019Dr. Mitchell Katz joined CBC to discuss his transformation plan to improve H+H's fiscal stability.
March 30, 2019According 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.
March 29, 2019A 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
March 28, 2019NY1 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
March 19, 2019New York State revenue weakness already looms over the fiscal year 2020 budget negotiations.
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 08, 2019The federal monitor is tasked with ensuring that NYCHA will remediate its most pressing physical issues, including lead, mold, broken elevators, and other deficiencies.
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
March 05, 2019For 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
March 04, 2019New York State Budget Director Robert Mujica reviewed the New York State Executive Budget for Fiscal Year 2020.
Video Public Workforce
February 28, 2019CBC's Annual Awards Dinner honoree Jerome H. Powell delivers the keynote address. He is introduced by Stanley Fischer, the former Vice Chair of the Board of Governors of the Federal Reserve System.
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 Health Care
February 15, 2019New York State’s $78 billion Medicaid program includes $5.3 billion of “supplemental payments”. These supplemental payments are crucial to hospitals across the state, especially those largely serving uninsured and Medicaid populations.