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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.
Testimony City Budget
March 11, 2019While many worthwhile ideas will be proposed, CBC believes the Commission should focus on and proposing only those changes essential to the Charter’s purpose
Op Ed Education
March 11, 2019Albany 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.
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.
Special Feature Public Workforce
March 04, 2019Track the City's total headcount growth back to fiscal year 2004 - shows growth by employee category and which agencies are projected to grow the most in the coming years.
Video State Budget
March 04, 2019New York State Budget Director Robert Mujica reviewed the New York State Executive Budget for Fiscal Year 2020.
Special Feature Capital Spending
March 04, 2019New York City debt outstanding grew to $119 billion—76 percent since 2005.
Special Feature City Budget
March 04, 2019The Budget Navigator is an online tool that allows New Yorkers to be their own budget watchdogs. Users can examine New York State or City revenues and expenses to determine levels of funding in recent years, analyze trends, and see how that funding compares between departments and services.
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.
February 26, 2019Citizens Budget Commission President Andrew Rein issued this statement on the 10-Point Plan to Transform and Fund the Metropolitan Transportation Authority (MTA):
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.
Letter State Budget
February 25, 2019The Executive Budget does not sufficiently restrain spending growth or build reserves, which are critical if the State is to weather an eventual economic downturn without harmful spending cuts and counterproductive tax increases.
Podcast episode Economic Development
February 21, 201925,000 is the number of jobs that would have been created under a now-defunct deal with Amazon to create a second headquarters in Long Island City, Queens. Vishaan Chakrabarti, founder of the Practice for Architecture and Urbanism (PAU), discusses the deal and how its failure may impact New York City's economic competitiveness.
Report City Budget
February 21, 2019CBC's new report outlines nine critical things New Yorkers should know about procurement and makes four recommendations that could generate savings for the City.
February 20, 2019We write to ask that the State Senate conduct confirmation processes for appointees to the Metropolitan Transportation Authority (MTA) through public hearings.
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.
Press Release Transportation
February 13, 2019The CBC today released its five key principles for crafting an effective congestion pricing program.