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Testimony
City Budget
Testimony on Charter-Defined Budget and Management Practices
Testimony Before the 2019 Charter Revision Commission
March 11, 2019
While many worthwhile ideas will be proposed, CBC believes the Commission should focus on and proposing only those changes essential to the Charter’s purpose
Blog
Taxes
Personal Income Tax Revenues in New York State and City
August 13, 2019
PIT revenues are a significant - and volatile - part of State and City budgets.
Press Release
Housing
Working Group to Address Full Capital Needs for NYCHA's Chelsea Developments
The City of New York, Office of the Mayor
October 10, 2019
Mayor de Blasio today announced the creation of a working group to address the future of the Fulton Houses, Elliot-Chelsea, and Chelsea Addition NYCHA developments.
Testimony
Energy & Environment
Testimony to Reducing Food Waste in New York City
Submitted to NYC Council Committee on Solid Waste and Sanitation
June 07, 2016
Unless residential trash collection costs are reduced, new program costs will greatly overwhelm any potential savings from landfill reduction. A significant expansion of food waste collection may also outpace regional processing infrastructure.
Blog
Taxes
Pied-à-Terre Tax
Appealing but Problematic
March 13, 2019
The pied-à-terre tax is appealing politically because it is levied on wealthy people with means to pay and nonresidents who do not vote. Nevertheless, it is problematic for several reasons.
Blog
City Budget
The Citywide Savings Program: Bolder Steps Needed to Make Government More Efficient
May 24, 2016
Mayor Bill de Blasio's latest Citywide Savings Program proposes multiyear savings of $5.4 billion compared to just $2.9 billion proposed in last year’s Executive Budget. The $5.4 billion represents 1.7 percent of city-funded spending over the financial plan period; this is in the range of savings in Mayor Michael Bloomberg’s plans for each of the last four years of his administration. While this may seem like a bold stride, the new CSP still falls short in the nature of its savings proposals.
Blog
Taxes
Follow the Money
The MTA’s New Revenues
April 05, 2019
The NYS Adopted FY 2020 Budget directs three revenue sources to support the MTA. This blog clarifies what the revenue streams are and how they will flow to the lockbox.
Testimony
City Budget
Testimony on Intro 1574 to Establish Commercial Waste Zones in New York City
June 27, 2019
Establishing commercial waste zones can increase efficiency in collection, achieve substantial VMT reduction, and reduce the negative externalities.
Testimony
Energy & Environment
Testimony on the Proposed Paper Carryout Bag Fee
Submitted to the NYC Council Committee on Sanitation and Solid Waste Management
April 16, 2019
CBC supports proposed legislation to impose a 5-cent fee on most paper carryout bags.
Blog
City Budget
Sound Strategy, Sound Future
Recommended Approach for the City’s Preliminary FY 2020 Budget
February 01, 2019
A thriving economy has allowed the City to increase spending by $20 billion since fiscal year 2014. The City should undertake a necessary course correction with this four-part strategy:
Testimony
Taxes
Testimony on Flaws in New York City's Real Property Taxation System
Submitted to the NYS Assembly Committee on Real Property Taxation
January 22, 2016
The two most significant issues are: 1) among residential properties, rental buildings are taxed more heavily than single family homes, and 2) within the two subgroups of residential properties—small homes and large rental buildings—property tax rates vary widely.