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Blog
Housing
$1.9 Billion More For Affordable Housing, But Plan Lacks Specifics
June 30, 2017
City documents offer few details on how the new funding will be used to enhance different levels of affordability.
Blog
Transportation
Recent Confusion over the MTA’s Financial Condition and What to Do About It
October 10, 2013
CBC offers its perspective on the New York Times’ “Room for Debate” question, “Is there any hope for NYC Transit?”
Statement
State Budget
Statement on the NYS Fiscal Year 2024 Enacted Budget Financial Plan
June 12, 2023
NYS's Enacted Budget Financial Plan reveals that the State’s future budget gaps have doubled to $9.1 billion just next year and $13.4 billion in fiscal year 2027.
Press Release
CBC News
CBC Releases "7 Facts about the Adams Administration’s Prior Savings Plans"
April 12, 2023
When Mayor Eric Adams’ Administration directed City agencies to implement a PEG (Program to Eliminate the Gap) last week, many were concerned about the potential service impact since the Administration had already implemented three savings plans.
Testimony
City Budget
Testimony on NYC November 2023 Financial Plan
Submitted to the New York City Council Finance Committee
December 11, 2023
The choices made in the coming months will determine whether the City emerges as fiscally stable and competitive or risks both its ability to serve New Yorkers in need and its attractiveness to residents and businesses.
Statement
City Budget
Statement on NYC's FY 2024 November Plan PEG Directive
September 10, 2023
Mayor Eric Adams is taking the right step right now, directing agencies to propose 5 percent budget savings.
Testimony
Energy & Environment
Testimony on the Implementation of the Climate Action Council Final Scoping Plan
Submitted to the New York State Senate Standing Committees on Finance, Energy and Telecommunications, and Environmental Conservation
January 19, 2023
New York has a long way to go to meet its ambitious climate goals.
Op Ed
Transportation
Labor and the MTA Must Work Together to Improve the Nation's Largest Transit System
City & State
May 17, 2023
With the TWU 100’s contract expired, there’s an opportunity for both sides to work together to improve service for New Yorkers.
Blog
Transportation
Stabilized, for Now
The MTA's Operating Budget's Long-Run Outlook
July 17, 2023
Taking steps now to start closing future gaps will ensure changes do not have negative impacts on services or the economy.
Statement
City Budget
Statement on the New York City November 2023 Financial Plan
November 16, 2023
While the City’s November update delivers some needed savings through the first round of budget reductions, much more needs to be done to close the massive remaining gaps and stave off a fiscal reckoning.
Testimony
Transportation
Improving the New York City Subway System
Submitted to the NYC Council Committee on Transportation
August 08, 2017
System enhancements have often been prioritized over capital improvements of the MTA's infrastructure. The sensible and ambitious turnaround plan should be funded by motorists and increased labor productivity.
Podcast episode
City Budget
$32.5 Billion, with Janno Lieber
July 06, 2017
This week's data point is $32.5 billion - the value of Metropolitan Transportation Authority's (MTA's) capital plan for 2015 to 2019. Special guest MTA Chief Development Officer Janno Lieber discusses the MTA's capital priorities and how the authority can improve management of its mega-projects.
Press Release
CBC News
CBC Releases "What to Look for in the New York City November 2023 Financial Plan"
November 14, 2023
CBC’s What to Look For finds that fiscal year 2024 now has a budget gap of $839 million.
Statement
State Budget
Statement on New York State’s Mid-Year Update to the Fiscal Year 2024 Financial Plan
October 30, 2023
While the Midyear Update clearly includes some good news, the State is still far from out of the woods.
Letter
Transportation
Five Recommendations on Congestion Pricing
A Letter to the Traffic Mobility Review Board
July 19, 2023
CBC has long supported congestion pricing to further three important goals: reduce congestion, reduce emissions, and support the MTA’s capital plan. We urge the Board to follow CBC’s five recommendations to ensure balanced progress on all three goals.
Report
Economic Development
Competitiveness Scorecard
Assessing NYC's Competitiveness as a Home for Human Capital
February 06, 2013
This scorecard assesses the New York City metropolitan area’s competitiveness in attracting, cultivating and retaining talent. The scorecard is based on the relative performance of the New York City metro area against 14 of the largest domestic metro areas on a comprehensive set of quantitative indicators.
Blog
City Budget
Delaying the Pain
The truth about cost-cutting in New York City's November Plan
December 15, 2010
A closer look at the City November 2011 savings plan reveals two notable points: Nearly two-thirds consists of new revenue, and expenditure cuts are modest, although health, welfare, libraries and cultural institutions bear most of the burden.
Podcast episode
City Budget
30 Days, with Jamison Dague
July 13, 2017
This week's data point is 30 days - the period in which MTA New York City Transit will conduct a "top-to-bottom" review to identify changes necessary to improve its performance. CBC's Director of Infrastructure Studies Jamison Dague discusses underinvestment and how resources are being directed in the capital plan with Ben Max and Maria Doulis.
Report
State Budget
Making Hay While the Sun Shines
A Plan to Strengthen New York State’s Rainy Day Fund
June 28, 2023
Today we are left playing catchup with the threats of storm clouds looming on the horizon.
Blog
Transportation
Is the Enhanced Station Initiative a Good Idea?
July 20, 2017
Is the enhancement of 32 stations at a cost of nearly $1 billion worth the trade-off against other capital needs?