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Statement
Transportation
Statement on MTA's "Fast Forward" Plan
May 23, 2018
Fast 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.
Statement
Transportation
Statement on the MTA’s 2021 Final Proposed Budget and November Financial Plan for 2021-2024
November 18, 2020
Today’s financial plan update lays bare the MTA’s dire fiscal situation.
Statement
City Budget
No NYC Borrowing Authority without More Savings, Fiscal Stability Plan, and FCB
September 08, 2020
While New York City’s fiscal crisis is severe, it should not borrow now to balance the fiscal year 2021 budget.
Statement
City Budget
Statement on the NYC November 2020 Quarterly Modification to the Financial Plan for Fiscal Years 2021-2024
November 23, 2020
The City needs to close the $3.8 billion fiscal year 2022 budget gap in the Preliminary Budget for Fiscal Year 2022, due in January 2021.
Special Feature
City Budget
Spare Change
Citywide Savings Plan Should Include Greater Efficiency Savings
March 09, 2020
Budget savings from greater efficiency in City government amount to spare change.
Statement
Transportation
Statement on the Metropolitan Transportation Sustainability Advisory Workgroup Report
December 18, 2018
The Metropolitan Transportation Sustainability Advisory Workgroup Report released today provides a sober look at the fiscal and managerial challenges facing the MTA.
Statement
City Budget
CBC Statement on NYC FY19 Preliminary Budget: Wait and See All Over Again
February 01, 2018
Before the going gets tough, the Mayor should get going by limiting spending growth, bolstering the savings plan, and adding to reserves
Special Feature
City Budget
Citywide Savings Program
A program knocked down a PEG
May 21, 2018
Mayor de Blasio’s savings plan relies heavily on re-estimates, shifting costs to state and federal funding sources, and debt service savings.
Statement
City Budget
Statement on the NYC Fiscal Year 2019 Executive Budget
April 26, 2018
New York City’s Executive Budget for Fiscal Year 2019 increases operating spending at more than twice the rate of inflation and misses an opportunity to bolster reserves as strong tax revenue growth continues.
Special Feature
Capital Spending
NYC Debt Outstanding
Fiscal Years 2002-2020
December 28, 2020
New York City debt outstanding grew to $125 billion—84 percent since 2005.
Statement
City Budget
CBC Statement on City’s Land Use Process
August 18, 2020
CBC is increasingly concerned that at times the City’s land use process serves as an impediment to proposals needed to spur growth.
Statement
City Budget
CBC Calls for Greater Savings to Address Looming NYC Budget Gap
March 24, 2020
Responding to the pandemic and the economic crisis it has triggered will have a significant impact on NYC’s finances in both the near and long term.
Statement
City Budget
Statement on the NYC Fiscal Year 2021 Executive Budget
April 16, 2020
While the City is to be commended for balancing the budget without tax increases or borrowing, it has used a short-term strategy that leaves a significant gap in FY 2022.
Special Feature
City Budget
NYC Money Meter
September 24, 2018
Spending and performance data. Side by Side.
Statement
City Budget
Statement on the NYC Fiscal Year 2021 Preliminary Budget
January 16, 2020
The budget presented today holds the line on new spending programs. However, it misses the opportunity to further improve the City’s preparedness for looming risk.