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October 20, 2009This report analyzes the MTA’s effectiveness at managing its five-year capital plans. It does so by examining the capital projects scheduled by the MTA for work in the three-year period from January 2005 to December 2007.
December 03, 2009Testimony before the New York State Senate Standing Committees on Corporations, Authorities and Commissions and Investigations and Government Operations on the MTA's 2010-2014 capital plan.
October 23, 2014The plan identifies $16.9 billion in available funding, but a gap of about $15.2 billion remains unfunded. This CBC study focuses on how the money would be spent and recommends that the proposed plan be revised to address three serious shortcomings.
May 05, 2009This letter from the CBC and other advocates outlines a plan to finance the long-term capital needs of the MTA and its immediate operating deficit. The mobility tax should be used for expenses related to the MTA's capital plan, not for operating expenses after the first year.
September 03, 2009Testimony of CBC President Carol Kellermann to the New York State Senate Finance Committee regarding the critical challenges that will face the MTA in the coming years, including balancing the MTA's operating budget, financing new capital investments, and planning and implementing capital projects.
December 11, 2014CBC Breakfast with City Planning Commissioner Carl Weisbrod in December 2014.
September 28, 2014Two major challenges face the New York State Department of Transportation: undertaking a comprehensive needs assessment and identifying resources needed to implement a capital plan.
November 29, 2004CBC recommends two alternative proposals to meet the Campaign for Fiscal Equity capital requirements for providing adequate classroom space. The two options are redistricting schools and operating schools on year-round schedules.
March 28, 2004This report examines the financing policies for passenger transportation services in the New York-New Jersey metropolitan area. Included are 25 entities consisting of the states of New York and New Jersey, the Port Authority, the MTA, New Jersey Transit, four additional authorities operating or financing toll roads, the City of New York, and 15 counties.
Blog State Budget
January 16, 2014With school aid and Medicaid growing at annual rates at or above 4 percent, all other categories of spending, including agency operations, will face offsetting reductions to the plan if the net increase in overall state spending is to be kept to 2 percent.
January 28, 2009In this letter CBC agrees, for the most part, with a report released by the Commission on Metropolitan Transportation Authority Financing but offers suggestions for improvement. Specifically, CBC supports legislation to implement the Commission’s core recommendations (with revision), which are highlighted in the testimony.
Report Health Care
November 06, 2014HHC is crucial to all New Yorkers, providing care to more than one million patients annually. Despite HHC's importance, its fiscal condition is troubled. HHC's cash resources are being depleted; absent an aggressive gap-closing plan its cash reserves will be exhausted in fiscal year 2016.
Blog State Budget
November 24, 2009Analysis of the NYS Deficit Reduction plan proposed in the FY2010 Budget
Blog City Budget
September 21, 2014Three entities govern New York City's water and sewer system: the Department of Environmental Protection operates and maintains the system; the New York City Municipal Water Finance Authority (WFA) borrows to finance capital investments; and the Water Board sets rates for customers to meet financing needs. Learn more.
Blog Pensions & Benefits
June 08, 2014About the bill to increase disability pension benefits for police officers hired after July 1, 2009, when a more financially sustainable “Tier III” plan went into effect.
October 19, 2014While enhancing the use of technology in schools is a popular cause, the Smart Schools Bond Act is ill-conceived and deserves a "no" vote for three reasons discussed in this report.
Blog Pensions & Benefits
December 28, 2014In its recent mid-year budget modification the de Blasio administration credited a coalition of municipal employee unions with achieving $1.3 billion in savings in the City’s employee and retiree health insurance costs. Yet the unions have not agreed to any changes in the plan, and the City and the unions have taken no actions to reduce costs. How can this be?
Letter City Budget
June 10, 2009This letter to the mayor, speaker, and chairman of the finance committee outlines four key elements of a new fiscal strategy that would address the structural imbalance in the City's budget due to the ongoing recession.
Blog Capital Spending
July 22, 2014How far has the Port Authority come on improving its budget process, long-term financial viability, and accountability to the public?