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Testimony
Capital Spending
Testimony on the City of New York’s Capital Commitment Plan
Submitted to the NYC Council Committee on Finance and Subcommittee on Capital Budget
March 20, 2018
NYC's Capital Commitment Plan is unrealistic in its ambition, obscures capital priorities, and discourages accountability for completing capital projects efficiently.
Testimony
Education
Testimony on the New Department of Education Five-Year Capital Plan
Submitted to a Joint Hearing of the City Council Committees on Education and Finance and Subcommittee on the Capital Budget
December 18, 2018
City 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.
Testimony
Education
Public Comment on School Planning and Siting Process
Submitted to the NYC Council Working Group on School Planning, Siting, and Overcrowding
May 24, 2017
CBC offers two recommendations for improving the school planning and siting process: maximize use of existing capacity, and target new capacity to areas with the highest need.
Press Release
Housing
CBC Recommends Immediate and Dramatic Changes to Address NYCHA's $32 Billion Capital Needs
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.
Op Ed
Transportation
The MTA's Closely Guarded Secret
New Yorkers should be told how much it would cost to fix the entire transit system
December 19, 2017
At next month’s State of the State address, Gov. Andrew Cuomo is expected to unveil a congestion-pricing proposal that would generate a dedicated funding stream for the Metropolitan Transportation Authority.
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.
Op Ed
Transportation
Latest value capture proposal could harm NYC
City taxes should not be diverted to the MTA without local input
March 22, 2018
While value capture makes sense in theory, any such arrangement should be tailored to specific projects and circumstances - with the agreement of the City.
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.
Press Release
City Budget
CBC Recommends Budget Strategies for Mayor de Blasio's Second Term
January 26, 2018
In 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.
Podcast episode
City Budget
$17 Billion, with NYCHA Chair and CEO Shola Olatoye
August 10, 2017
This week's data point is $17 billion - the capital needs for rehabilitating the nation's largest housing authority. NYCHA Chair and CEO Shola Olatoye joins the podcast to discuss strategies for addressing these capital needs and to review progress implementing NextGenNYCHA, its strategic plan.
Testimony
City Budget
Testimony on the NYC FY2018 Executive Budget
Submitted to the NYC Council Finance Committee
May 25, 2017
As City leaders move toward adopting the budget, CBC recommends greater spending restraint; increasing efficiency savings; bolstering reserves; and improving the capital planning process.
Podcast episode
City Budget
$32.2 billion, with Port Authority Executive Director Rick Cotton
March 08, 2018
$32.2 billion is the size of the 2017-2026 Capital Plan of the Port Authority of NY and NJ. This podcast features Port Authority Executive Director Rick Cotton, followed by a discussion on public-private partnerships, airport renovations, the fate of Gateway, and the 42nd Street bus terminal.
Testimony
Housing
Testimony on the NYCHA Physical Needs Assessment
Submitted to the New York City Council Committee on Public Housing
November 15, 2018
NYCHA has an astounding $32 billion in capital needs, a nearly fivefold increase over the last decade. Today nearly all its properties require substantial rehabilitation.
Op Ed
Transportation
Make the MetroCard a gateway to opportunity, not a barrier
Transit should be half-price for the working poor
January 08, 2017
Half-priced metrocards for low-income adults should be paid for by the City, not the MTA. The City already supports reduced fares for the elderly and disabled.
Press Release
CBC Announces Leadership Transition
President Carol Kellermann Plans to Step Down After a Decade of Service at CBC; Walter Harris Nominated to Succeed Ed Skyler as CBC Chair
April 23, 2018
CBC today announced that President Carol Kellermann will be stepping down from her position around the end of 2018, once a successor has been identified.
Podcast episode
City Budget
$168.3 billion, with Dave Friedfel
April 04, 2018
$168.3 billion is the size of New York State's Fiscal Year 2019 Budget. CBC's David Friedfel joined WT[D]P to discuss spending in this year's budget, as well as how the MTA, NYCHA, and New York City fared in the process.
Op Ed
Transportation
Funding Fares Should Be the City's Responsiblity
April 02, 2017
If the mayor supports the policy, it should be a priority that is accommodated within the city’s financial plan.
Podcast episode
City Budget
$31.8 billion, with Sean Campion
July 19, 2018
$31.8 billion is the amount required to repair NYCHA's public housing units over the next five years. CBC Senior Research Associate Sean Campion discuss the findings and recommendations of CBC's recent report on NYCHA's capital needs and explains how NYCHA got into such a deep hole and and how it can start to dig out.
Podcast episode
City Budget
$3.2 billion, with James Patchett
January 12, 2018
$3.2 billion -- how much New York City spent on economic development in 2016, including tax expenditures, operating costs, and capital spending.NYCEDC President and CEO James Patchett joins the podcast to discuss the City's development strategy, tax breaks, NYC Ferry and the BQX project.