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May 23, 2018Fast Forward, a plan to modernize New York City Transit presented by President Andy Byford today, is a serious and praiseworthy plan to improve the region's mass transit network.
August 13, 2018The Metropolitan Transportation Authority (MTA) released its 2019 Preliminary Budget and four-year financial plan last month. Here are three important takeaways.
Testimony Capital Spending
March 20, 2018NYC's Capital Commitment Plan is unrealistic in its ambition, obscures capital priorities, and discourages accountability for completing capital projects efficiently.
Blog Capital Spending
March 14, 2018Despite a pledge to collaborate with the City Council on a realistic Capital Commitment Plan, the City's overly ambitious proposal is neither realistic nor transparent.
December 18, 2018City officials cannot continue to expect the City can build its way to a solution; making real progress will require implementing operational strategies that alter the use of space and redirect students to facilities with capacity.
June 27, 2006In order for New York to maintain a strong and vibrant economy, its transportation system has to be kept up to par and expanded to meet future needs. This report examines the two problems and suggests alternative financing policies for the MTA that would balance its operating budget and provide sufficient capital to accelerate the pace at which its facilities are brought to a state of good repair.
Video Economic Development
July 12, 2018Ten economic development bills passed the state legislature, but CBC says the current programs need to be reformed before anything new is added.
Video State Budget
October 19, 2018As Governor Cuomo's second term comes to a close, and voters decide whether to give him a third term, the Citizens Budget Commission is looking at how the state has fared over the past eight years.
Video Economic Development
September 04, 2018There's an ongoing debate over the state's use of taxpayer money for economic development efforts, but a lot of investment happens at the local level, through Industrial Development Agencies.
June 19, 2018Marisa Lago, Director of the Department of City Planning and Chair of the City Planning Comission, joined the CBC to discuss the U.S. Census, neighborhood revitalization, housing afforability, and resiliency and sustainability.
December 12, 2018The New York City Housing Authority's (NYCHA's) NYCHA 2.0 plan can help stabilize the system and deserves support.
Podcast episode City Budget
June 29, 201875% is the share of jobs gained since the recession in the NYC metropolitan region that were created in New York City, a datapoint revealed in a forthcoming report from the Department of City Planning. Marisa Lago, Director of the Department and Chair of the City Planning Commission, joined CBC to discuss some of the report's findings as well as neighborhood revitalization, housing affordability, and resiliency and sustainability.
Press Release Housing
July 03, 2018"Stabilizing the Foundations" is a comprehensive report that details the causes of NYCHA's massive capital needs and presents recommendations that should be adopted to improve tenants' quality of life.
April 18, 2018The Long Island Rail Road is much more inefficient than Metro-North. Here's why.
July 03, 2018Rather than continue as the nation’s largest landlord, NYCHA should transition to an affordable housing steward employing a full range of strategies to preserve the affordability of its units.
Op Ed Transportation
March 22, 2018While value capture makes sense in theory, any such arrangement should be tailored to specific projects and circumstances - with the agreement of the City.
February 02, 2018The FY 2019 Executive Budget proposed to allow the MTA to create tax increment financing districts in NYC to raise revenue for capital improvements. Though TIFs can play a useful role, the proposal is flawed.
July 18, 2018Decisions to redirect capital dollars to other priorities and stretch inspection and maintenance cycles contributed to the decline in subway reliability, and challenges lay ahead for plans to purchase 3,600 new subway cars and retrofit 1,200 existing cars.
Press Release City Budget
January 26, 2018In order to reach, and then sustain, budget stability in the Mayor’s second term, the budget should contain spending growth; build reserves; reduce the size of the capital plan and the cost of capital projects; and strengthen finances at NYCHA and NYC H+H.