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Blog
Economic Development
Breaking Down the Amazon HQ2 Deal:
Facts and Takeaways
November 21, 2018
Amazon has committed to creating 25,000 full-time high-paying jobs over ten years, investing approximately $2.5 billion, and building 4 million square feet of office space at its new headquarters in Long Island City, with the possibility of expanding to 8 million square feet and 40,000 jobs. To facilitate this investment, Amazon will receive benefits of up to $1.7 billion from New York State and $1.8 billion from New York City. This blog explains the incentive package provided by the State and City and offers five takeaways about the deal and its lessons for future economic development policy.
Letter
Housing
NYCHA's Project Labor Agreement Needs Evaluation
A Letter to the Mayor and NYCHA Chair
March 05, 2018
Has the PLA between NYCHA and the BCTC delivered on expected savings? An evaluation is needed before any decision to renew the PLA.
Letter
Economic Development
Veto Ten Bills That Expand Economic Development Programs
A Letter to the Governor
August 14, 2018
The Governor should veto ten bills that would expand the State’s economic development programs. Three of the bills would expand or enrich existing programs, six bills would create a new targeted program, and one bill would create a new broad program.
Blog
Public Workforce
The Cost of a Growing City Workforce
Ballooning Budgets and Long-term Liabilities
July 10, 2018
NYC’s municipal workforce is projected to reach a record 331,520 employees by the end of fiscal year 2019. Headcount expansion has a significant impact on the City’s budget and long-term financial position.
Blog
Pensions & Benefits
A Budget Proposal That Seems Fiscally Responsible, But Doesn’t Tackle the True Problem
February 22, 2018
It's time to eliminate the expensive and risky benefits provided by the TDA.
Blog
State Budget
Budget Proposals with a Big Long-Term Payoff
March 16, 2017
The NYS FY2018 Executive Budget includes three proposals to reduce the State’s cost of providing retiree health insurance. Budget savings would be modest, but the reduction in the OPEB liability would be significant.
Letter
State Budget
CBC Urges Governor to Veto Expensive Benefit Sweeteners
October 12, 2017
CBC calls on Governor Andrew Cuomo to veto 16 bills that would provide expensive enhancements to government employee and retiree benefits.
Blog
Pensions & Benefits
Bitter Truth
Many Benefit Sweeteners Lack Required Fiscal Estimates
June 06, 2018
To date the New York State Legislature has introduced 138 bills in this session that enhance the benefits of state and local public employees. How much these bills could cost taxpayers is unknown.
Blog
Pensions & Benefits
Four Egregious Benefit Enhancement Bills
2018 Benefit Sweetener Scorecard Update
May 18, 2018
The 135 active bills identified on the Citizens Budget Commission’s 2018 Benefit Sweetener Scorecard this session could cost the State and local governments at least $428 million.
Letter
Pensions & Benefits
Governor Cuomo Should Veto Costly Employee and Retiree Benefits
A Letter to the Governor
November 27, 2018
CBC Recommends veto of A8164-b/S3770-b, A8402-b/S6435-b, A9909/S7705, A9910/S7704, and A10735/S7933.
Letter
Economic Development
Governor Cuomo Should Veto Bills Expanding Economic Development Programs
November 20, 2017
CBC recommends Governor Cuomo veto three bills that would expand an economic development program.
Blog
Economic Development
NY’s Economic Development Programs Costliest in the Nation
April 07, 2017
It's official: NY's economic development programs cost more than in any other state.
Blog
City Budget
Reduction in Uniformed Overtime Is Still Needed
July 12, 2018
Without workrule changes the City’s uniformed overtime caps are unlikely to be successful. In fact, several agencis have already exceeded their FY 2018 caps.