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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.
Special Feature Capital Spending
March 04, 2019New York City debt outstanding grew to $119 billion—76 percent since 2005.
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.
February 13, 2019Motorists should pay a greater share of the costs of mass transit to offset the negative impacts of auto use. CBC recommends five principles to guide the crafting of a congestion pricing program
Testimony Capital Spending
February 12, 2019Intro. No. 113 would require the City of New York to produce an online database of all pending construction projects that includes initial and current completion dates and costs.
Report Economic Development
February 11, 2019This policy brief updates the Citizens Budget Commission's previous analyses of the cost of New York's state and local economic development programs.
Statement Health Care
February 11, 2019The revised version of the New York Health Act (NYHA) released today is a well-intentioned proposal to continue to increase access to insurance coverage and reduce barriers to quality health care for New Yorkers, but currently it is not a feasible measure.
Blog State Budget
February 11, 2019In the budget’s 30-day amendments to be released this week, the State should take and propose actions to close the current year and fiscal year 2020 gaps.
Podcast episode City Budget
February 08, 2019$92.2 billion is the size of the NYC's FY 2020 preliminary budget proposed by Mayor de Blasio. Sally Goldenberg, the City Hall bureau chief for Politico NY, joins the podcast to discuss the budget and what to expect as budget season kicks off.
Video City Budget
February 08, 2019CBC President Andrew Rein and IBO Director Ronnie Lowenstein joined Errol Louis on NY1 Inside City Hall to analyze the budget and explain if the city is saving enough for the next economic downturn.
Statement City Budget
February 07, 2019In this uncertain economic environment, Mayor Bill de Blasio is right to urge caution and has announced the first Program to Eliminate the Gap (PEG) of his administration to be implemented in the Executive Budget. But for now, the City of New York Preliminary Budget Fiscal Year 2020 shows modest restraint in spending growth.