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Op Ed
City Budget
Taking Control of New York’s Budgetary Future
Vital City
January 25, 2024
Budget season kicked off with an Albany-New York City doubleheader last week, with brightening skies in both places thanks to proactive efforts to cut costs (especially in the city) and a resilient economy that is bringing in higher-than-projected tax receipts.
Report
City Budget
Where Is the Money Going?
Mayor de Blasio's Spending Priorities
June 03, 2016
This report analyzes spending growth under Mayor Bill de Blasio using the last financial plan prepared by Mayor Michael Bloomberg as a starting point. The analysis reveals the priorities of the de Blasio administration.
Blog
City Budget
Seven Facts About the NYPD Budget
June 12, 2020
The NYPD is New York City’s third largest agency, commanding $10.9 billion in spending in fiscal year 2020, including pensions, fringe benefits, and debt service costs.
Blog
City Budget
The City’s FY 2011 Budget: The Buck Stops Here
July 12, 2010
With significant budget gaps looming in the outyears and the end of nearly a decade of multi-billion dollar surpluses, it is disappointing that more has not been done to lower spending.
Blog
City Budget
Take the NYC Fiscal Monitor Reports with a Grain of Salt
January 05, 2018
NYC's four institutional fiscal are generally optimistic about the City's fiscal health; read why that should be taken with a grain of salt.
Report
State Budget
A Framework for Hard Choices
Choosing Among Options to Address New York’s State and Local Fiscal Stress
May 22, 2020
This policy brief identifies and assesses options available to governments to deal with their fiscal problems.
Blog
City Budget
NYC Budget to Absorb $1 Billion in Additional Spending Due to State Actions
April 23, 2018
The upcoming City budget will have to contend with some sizable impacts from the recently-enacted State budget.
Blog
City Budget
A Budget Baker’s Dozen
13 Questions to Ask About NYC’s Preliminary Budget for Fiscal Year 2023
February 10, 2022
Mayor Adams’ first Preliminary Budget will provide an important opportunity to see how he intends to “get stuff done,” root out “waste, fraud, and abuse,” and promote a “People’s Plan.”
Blog
City Budget
Sound Strategy, Sound Future
Recommended Approach for the City’s Preliminary FY 2020 Budget
February 01, 2019
A thriving economy has allowed the City to increase spending by $20 billion since fiscal year 2014. The City should undertake a necessary course correction with this four-part strategy:
Blog
City Budget
A Budget Strategy for Mayor de Blasio's Second Term
January 29, 2018
Four strategies to help Mayor de Basio think through budgeting in his second term.
Report
City Budget
Getting the Basics Right
Fiscal, Managerial, and Policy Priorities for Recovery, Stability and Prosperity
November 08, 2021
To ensure that New York recovers, stabilizes, and ultimately thrives, the incoming Administration should set and implement fiscal, managerial, and policy priorities that will boost the city’s economy and competitiveness, and provide the services and opportunities necessary for New Yorkers to flourish.
Blog
City Budget
To Cross the Bridge Wisely
Strategies for NYC’s Fiscal Year 2022 Executive Budget
April 20, 2021
The soon to be released Fiscal Year 2022 Executive Budget will reveal how the Mayor proposes to address the City’s extraordinary fiscal circumstances that recently have brightened
Video
CBC News
Sages of the Ages
Lessons from Past Fiscal Crises and Perspectives on the Present
June 02, 2020
CBC hosted a special panel discussion of prominent fiscal experts who helped New York overcome some of the most dire crises of the past. They provided insights and lessons from past experiences to help us understand and navigate the looming crisis.
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.
Report
Pensions & Benefits
The Price of Promises Made
What New York City Should Do About Its $95 Billion OPEB Debt
October 25, 2017
CBC presents options for tackling this looming $95 billion liability threatening New York City's fiscal health.
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.