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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.
Report
Economic Development
Opportunity Zones In New York State and City
August 20, 2019
The Opportunity Zone program may amount to significant losses for both NYS and NYC before rising substantially in 2029.
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.
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.
Report
City Budget
$1.1 Billion in NYC Public Leases
Better Management Needed to Control Rising Costs
August 27, 2019
NYC spent more than $1.1 billion to lease space for public facilities and offices—an amount that has grown 40 percent since fiscal year 2014.
Letter
City Budget
In Support of Non-Exclusive Commercial Waste Zones
A Letter to New York City Council Speaker Johnson and Councilmember Reynoso on Intro 1574
October 01, 2019
As the City Council deliberates establishment of commercial waste zones, we urge enactment of non-exclusive waste zone.
Report
Economic Development
Raising the REDC Bar
December 17, 2019
This report assesses REDC design and implementation based on best practices identified through case studies of successful local revitalization efforts in the U.S.
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:
Report
Transportation
Swimming in Subsidies
The High Cost of NYC Ferry
March 28, 2019
NYC Ferry serves more than 4 million passengers at a high level of operating subsidy: $10.73 per ride, 10 times that of the New York City Transit.
Report
City Budget
9 Things New Yorkers Should Know About How New York City Buys Stuff
February 21, 2019
CBC's new report outlines nine critical things New Yorkers should know about procurement and makes four recommendations that could generate savings for the City.
Blog
Pensions & Benefits
2019 Benefit Sweetener Scorecard
New York State Bill Tracker
May 01, 2019
For the remaining seven weeks of the legislative session, members will propose to enhance the benefits of State and local public employees and retirees.
Report
Public Workforce
Reform at the Bargaining Table
Labor’s Participation Needed to Improve the MTA’s Financial Outlook
April 30, 2019
The MTA's fiscal outlook is dire, and improving it requires a multipronged approach. Paramount in the effort is slowing the growth of labor costs.
Report
City Budget
To Weather a Storm
Create an NYC Rainy Day Fund
April 18, 2019
A well-funded and structured Rainy Day Fund (RDF) would help New York City weather future recessions.