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Letter
Transportation
CBC and Others Outline a Plan to Finance Long-Term Capital Needs of the MTA
May 05, 2009
This 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.
Blog
Transportation
How Will The MTA Fight Its Four-Alarm Fire?
July 13, 2020
Federal aid should be a significant contributor to solving this crisis. Yet, even if the MTA receives all the aid it has requested, its leaders face hard choices about how to manage the resources they control.
Blog
Transportation
How Much Do City Taxpayers Really Contribute to the MTA?
February 21, 2020
City taxpayers pay 71% on MTA non-toll, non-federal revenues.
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?”
Letter
State Budget
Groups Urge State to Release a Specific Plan for Closing FY 2020-2021 Budget Gap
September 23, 2020
We write to urge you to release a specific and detailed plan for closing New York State’s fiscal year 2020-2021 $9 billion budget gap.
Blog
Capital Spending
How Much, and for What?
May 21, 2013
Reviews the $54 billion Ten-Year Capital Strategy; the next mayor will have to make difficult trade-offs between competing priorities while ensuring the city’s debt does not become unaffordable.
Blog
Housing
NYCHA’s 2020 Operating Budget
Inefficiencies Challenge the Fiscal Outlook
March 12, 2020
NYCHA, with financial assistance from the City, has begun to allocate funds for capital staffing, lead remediation, and additional front-line staff who operate and maintain its public housing
Blog
Public Workforce
TWU Contract
Productivity Not a Done Deal
February 18, 2020
The agreements should include greater savings, including workrule changes, to offset the impact of these increased costs.
Blog
State Budget
A Disappointing DRP
November 24, 2009
Analysis of the NYS Deficit Reduction plan proposed in the FY2010 Budget
Blog
State Budget
The Back-loaded Impact of New York’s Fiscal Year 2013-14 Budget
May 08, 2013
Reviews NYS Enacted Budget for FY2014- $1.8 billion in annual spending by the final year of the financial plan were paid for with tax increases, non-recurring resources, and boosted revenue forecasts.
Blog
State Budget
5 Proposals that Should be Left Out of the FY21 Enacted Budget
March 29, 2020
New York State’s bleak fiscal outlook requires lawmakers pass a “bare bones” fiscal year 2021 budget that is focused on funding critical services and the response to the COVID-19 pandemic.
Letter
Transportation
Letter to the Governor Regarding Ravitch Commission
January 28, 2009
In 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.
Blog
Public Workforce
The Growth of NYC Employee Headcount
Time to Reduce the Size of the Public Workforce
May 18, 2020
NYC budget documents don't show a plan to shrink the workforce, which reached an all-time high, during this recession. That should change.
Blog
City Budget
Was the NYPD Budget Cut by $1 Billion?
August 13, 2020
The size of the NYPD’s budget was a prominent focus of this year’s budget negotiations, with many activists and elected officials calling for a $1 billion cut.
Blog
State Budget
2020 Vision
A Four-Pronged Approach to Focus on a Balanced, Transparent State Budget
January 09, 2020
As New York State aims to remedy the current year deficit and close next year’s budget gap, State leaders should be striving to prepare the State for the future.
Letter
City Budget
CBC Proposes a New Fiscal Strategy for the City's FY2010 Budget
June 10, 2009
This 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
Taxes
New Revenues and the Path to Sustainable State Spending
March 07, 2011
Since the onset of the national recession the State has relied more extensively on new revenue measures than on recurring spending cuts.
Blog
State Budget
New York State Budget (Actually) Grows at 2 Percent, Assuming $2.5 Billion in Medicaid Savings Realized
February 20, 2020
Under 2? It's True! (This time.)
Blog
State Budget
New York Taxes: Layers of Liability
June 25, 2020
Any consideration of tax increases should include the impact on State and local economic competitiveness
Blog
State Budget
Flipping the Switch
Difficult Fiscal Decisions Compound as State Shifts from Spending Growth to Cuts
July 15, 2020
Flipping the switch from robust spending growth to spending cuts will require making significant hard choices to balance the budget and reduce future fiscal gaps.