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Press Release
CBC News
CBC Appoints Charlotte Levitt as Vice President for Strategy and Communications
July 19, 2022
I am pleased to announce that Charlotte Levitt will become CBC’s Vice President for Strategy and Communications starting Monday July 25.
Press Release
CBC News
CBC Releases Testimony on Adams Administration’s Housing our Neighbors Plan
July 01, 2022
Today, CBC will testify before the City Council’s Committee on Housing and Buildings on Mayor Eric Adams’ new housing plan.
Blog
City Budget
Big Budget
NYC’s Adopted FY 2023 Budget—Spending and Growth
June 28, 2022
Adopted City Funds spending next year is $77.6 billion, a $5.5 billion (7.7 percent) increase over fiscal year 2022 and $1.9 billion more than the Executive Budget.
Press Release
CBC News
CBC Releases Big Budget
NYC’s Adopted FY 2023 Budget—Spending and Growth
June 28, 2022
Actual spending obligations are $104.7 billion, excluding reserves and adjusting for prepayment of obligations in fiscal year 2022.
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.
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.
Letter
Education
Letter to Governor Hochul Urging Veto of New York City Class Size Bill
A.10498/S.9460
June 13, 2022
The Citizens Budget Commission urges you to veto A.10498/S.9460, which would set class size limits in New York City public schools.
Video
CBC News
90th Annual Gala
Videos, Photos, and Transcripts
June 13, 2022
The 90th Annual Gala was held on June 2, 2022, and honored former Municipal Assistance Corporation Chair Eugene Keilin
Letter
City Budget
CBC Urges State Legislative Leaders to Reject Proposal to Increase NYC's Borrowing Authority
Letter to the State Legislature
May 31, 2022
CBC urges you to reject the proposal to increase the New York City Transitional Finance Authority’s (TFA) borrowing capacity that is outside of the City’s constitutional debt limit.
Letter
City Budget
CBC Urges City Leaders to Make Substantial Rainy Day Fund Deposit
A Letter to the Mayor and City Council
May 31, 2022
Fiscal preparedness is key to stability and ongoing prosperity; based on prior recessions, the City could face a revenue shortfall totaling $13 billion to $19 billion over three years in the next recession.
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.
Press Release
CBC News
CBC Promotes Ana Champeny to Vice President for Research
May 23, 2022
I am thrilled to announce the promotion of Ana Champeny to Vice President for Research. Ana is one of the foremost experts on New York City’s finances generally, and has an outstandingly deep understanding of the City’s real estate markets and property taxes.
Blog
City Budget
What’s Up With (in) the NYPD Fiscal Year 2023 Executive Budget
May 09, 2022
Compared to the Preliminary Fiscal Year 2023 Budget, the City-funded NYPD operating budget is more than $140 million higher in each year of the plan.
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.
Video
CBC News
Conversation with First Deputy Mayor Lorraine Grillo
A CBC Event
April 20, 2022
Lorraine Grillo is the First Deputy Mayor of the City of New York, appointed by Mayor Eric Adams.
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
Letter
State Budget
Watchdog Groups Urge State to Publish Basic Financial Tables when Budget Agreement Reached
A Letter to the Governor, Senate Majority Leader, and Assembly Speaker
March 23, 2022
We urge you to publish basic, multi-year financial plan tables when you agree on the Fiscal Year 2023 Enacted Budget.