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Blog
City Budget
What’s Up With (in) the NYPD Fiscal Year 2023 Executive Budget
May 09, 2022
Compared to the Preliminary Fiscal Year 2023 Budget, the City-funded NYPD operating budget is more than $140 million higher in each year of the plan.
Blog
City Budget
Hiring Now, Attrition Later
One-Year Hiring Thaw Leaves Budgeted Staff Reduction For Next Mayor
July 13, 2021
In the Fiscal Year 2022 Adopted Budget, Mayor Bill de Blasio and the City Council temporarily reversed the City’s partial hiring freeze savings plan.
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
NYC Budget to Absorb $1 Billion in Additional Spending Due to State Actions
April 23, 2018
The upcoming City budget will have to contend with some sizable impacts from the recently-enacted State budget.
Blog
State Budget
And State Spending Growth Resumes
Buoyed by Revenue Strength and Federal Aid
March 26, 2021
Governor’s Fiscal Year 2022 Executive Budget proposes to increase State Operating Funds spending an average of 3 percent per year over the next four fiscal years.
Blog
City Budget
PEGging It Right
Guidelines for the PEG Process
March 05, 2019
For the first time since taking office, Mayor Bill de Blasio has announced plans to implement a Program to Eliminate the Gap (PEG), which requires agencies to generate savings through expense reductions or revenue enhancements. The de Blasio administration previously eschewed PEGs in favor of Citywide Savings Plans (CSPs); in contrast to the PEG, agency participation in the CSP was voluntary. Pursuing a PEG presents both a challenge and an opportunity. This blog proposes three guidelines for the process: 1) identify significantly more than $750 million in savings, 2) encourage recurring savings through efficiency, and 3) follow agencies’ leads.
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
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.
Blog
State Budget
Don’t Get Too High on Potential Marijuana Revenues
December 13, 2018
There is significant revenue potential from the marijuana industry, but research suggests that many months or years of careful planning precede consistent revenues.
Blog
Pensions & Benefits
An Expensive Pension Enhancement Bill is on the Move
June 08, 2014
About the bill to increase disability pension benefits for police officers hired after July 1, 2009, when a more financially sustainable “Tier III” plan went into effect.
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.
Blog
Pensions & Benefits
Giving Credit Where It’s Due? New York City’s $1.3 Billion in Health Insurance Savings
December 28, 2014
In its recent mid-year budget modification the de Blasio administration credited a coalition of municipal employee unions with achieving $1.3 billion in savings in the City’s employee and retiree health insurance costs. Yet the unions have not agreed to any changes in the plan, and the City and the unions have taken no actions to reduce costs. How can this be?
Blog
State Budget
Twice as Much as Advertised
New York State Spending Growth
February 06, 2018
Spending growth in the NYS Fiscal Year 2019 Executive Budget will be 4.1 percent - more than twice what was claimed when the budget was released.
Blog
State Budget
Third Term, First Budget:
An NYS Budget Strategy
January 10, 2019
In this uncertain economic and fiscal environment, the Governor should follow this three-pronged strategy.
Blog
State Budget
What to Look for in the NYS FY 2022 Executive Budget
January 15, 2021
Balancing the fiscal year 2022 budget will require some combination of spending cuts, additional revenues, and other actions
Blog
State Budget
Top Ten Things to Look For in the FY2016 NYS Budget
January 19, 2015
CBC lists the top 10 things to look for in the New York State FY2016 Budget on topics such as settlement dollars, school aid, medicaid, tax credits, design-build, and transportation.
Blog
Housing
Agency Focus: NYC Housing Preservation and Development
July 18, 2016
The New York City Department of Housing Preservation and Development is the nation's largest municipal housing agency, and is charged with implementing the largest housing plan in the city's history. How's it doing?
Blog
State Budget
Shifts and Levers: Meeting a 2 Percent Spending Target with Fiscal Gimmicks
February 14, 2017
How does the State budget keeps spending below 2 percent? With 4 fiscal gimmicks.
Blog
State Budget
Questions About the NYS FY2018 Executive Budget
January 12, 2017
How much with the Governor's proposals cost and how will he pay for them?
Blog
State Budget
Wise Measures: Three Proposals To Retain In The FY2015 Budget
March 20, 2014
Three proposals in the FY2015 budget that are meaningful reforms; they should not be omitted or watered down as they were in the Senate and Assembly “one-house” budget resolutions.