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Blog
Housing
Six Guidelines for NYCHA's New Federal Monitor
March 08, 2019
The federal monitor is tasked with ensuring that NYCHA will remediate its most pressing physical issues, including lead, mold, broken elevators, and other deficiencies.
Video
Taxes
How Bad Is It? Implications of the Federal Tax Law for NY
Special Half-Day Conference
January 24, 2018
The federal tax overhaul passed last month may have enormous impacts in New York. What can we expect and what are the best responses?
Testimony
City Budget
Testimony on NYC’s Spending of Federal COVID-19 Relief Funds
Submitted to the New York City Council Committee on Finance and Committee on Oversight and Investigations
November 07, 2022
New York City will receive over $25 billion in federal COVID-19 relief funds; around $19 billion of these funds had been spent through the end of fiscal year 2022.
Report
City Budget
Federal Aid Now, Fiscal Cliffs Later
The Missed Opportunity for NYC Budget Stability
May 24, 2021
Greater detail is needed to address these shortcomings and facilitate the transparency and accountability that should accompany this historic level of resources and the opportunity they provide.
Video
City Budget
Panel Discussion on Proposed Federal Policies & the Impact on the New York City Budget
ABNY Breakfast
March 20, 2017
ABNY Power Breakfast participants discuss the potential impact of proposed federal policies on the New York budget and the overall economy.
Blog
City Budget
Bridge Over Troubled Fiscal Waters?
Only if Federal Aid Is Used Wisely
March 15, 2021
With more than $5 billion in additional federal relief expected to flow to New York City, the appropriate course of action now would be to address the most pressing pandemic and related expenses and responsibly backfill shortfalls in tax revenues temporarily but resist the urge to fund programs with recurring costs without a long run fiscal stability plan.
Blog
City Budget
Federal Aid—Needed, But Unlikely to Solve New York State’s and New York City’s Fiscal Problems
A Look Back at Stimulus Funding During the Great Recession
December 01, 2020
Even with considerable additional federal aid the State and City still will have to implement significant actions.
Statement
Taxes
CBC Convenes Special Committee to Focus on Federal Tax Cuts
December 21, 2017
The Special Committee consists of CBC trustees, civic leaders, and policy experts, and will identify the greatest impacts and options for appropriate state and local government action.
Letter
City Budget
Prominent Business & Civic Leaders Call For More Strategic Use of Federal Aid in City Budget
June 16, 2021
Fund allocations should prioritize sectors and communities most damaged during COVID-19.
Report
City Budget
Track to Have Impact
How to Create NYC's Needed Federal COVID Aid Tracker
January 24, 2022
To support the COVID-19 response and recovery, an unprecedented level of federal aid has been flowing to New York City.
Report
Housing
Room to Breathe
Federal and City Actions Help NYCHA Close Operating Gaps, But More Progress Needed on Implementing NextGenNYCHA
July 19, 2017
How is NYCHA doing two years into its implementation of NextGeneration NYCHA?
Report
Taxes
Practical Policy in Challenging Circumstances:
How NYS and NYC Should Respond to the Tax Cuts and Jobs Act
March 18, 2018
Strategies to mitigate the federal tax law's threat to New York's competitiveness and New Yorkers' wallets.
Blog
City Budget
What to Look for in the NYC November Modification
November 10, 2020
While the prospects for additional federal stimulus may now be brighter, federal aid will not solve all the City’s fiscal problems, but can serve as a bridge to fiscal stability if City leaders take appropriate actions.
Report
Housing
NYCHA 2.0: Progress at Risk
September 17, 2019
Success of NYCHA 2.0 will require political, labor, and community support; assistance from City, State, and federal governments; and significant management improvements.
Blog
Economic Development
Complement, Don't Duplicate
Targeting NYC Small Business Recovery Programs
June 21, 2021
It is critically important for the City to identify potential gaps first by determining which businesses are eligible for which existing programs and whether those programs reasonably meet their needs.
Report
Education
School Spending, Enrollment, and Fiscal Cliffs 101:
The NYC Department of Education Budget Before, During, and After the Pandemic
April 11, 2023
Decisions about the DOE’s budget should consider enrollment declines and the City’s precarious fiscal condition.
Testimony
City Budget
Testimony on New York City’s Preliminary Fiscal Year 2023 Budget
Submitted to the City Council Committee on Finance
March 02, 2022
To truly set the City on a path to fiscal stability, the Administration should follow these preliminary steps with actions that substantively restructure how the City delivers services and manages its finances.
Blog
Housing
4 Fast FHEPS Facts
May 08, 2023
The cost of these rental assistance programs has increased immensely, from $16 million in fiscal year 2015 to an anticipated $636 million in fiscal year 2023.
Report
City Budget
What to Look for in the New York City November 2023 Financial Plan
November 14, 2023
When New York City adopted its fiscal year 2024 budget in June 2023 without addressing underlying structural imbalances, it virtually guaranteed that major fiscal challenges remained on the horizon.
Podcast episode
City Budget
$14.3 billion, with First Deputy Mayor Dean Fuleihan
January 25, 2018
New York taxpayers could lose as much as $14.3 billion in federal tax deductions because of the capping of the state and local tax deduction in the new federal tax law. NYS Budget Director Robert Mujica and NYC First Deputy Mayor Dean Fuleihan discuss the potential impact and possible responses at a special conference event.