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Podcast episode
State Budget
$7.4 billion, with E.J. McMahon
February 03, 2021
$7.4 billion is how much NYS personal income tax was paid in 2018 by residents of other states. This revenue stream may be threatened if a lawsuit over taxation of out-of-state telecommuting residents prevails. Today's guest is E.J. McMahon, adjunct fellow of the Manhattan Institute and senior fellow of the Empire Center. He explains why this lawsuit is so important and also discussed elements of the NYS Executive Budget. And, in her final episode as host, Maria Doulis offers a brief analysis of the NYC Preliminary Budget.
Testimony
Energy & Environment
Testimony on Getting to Zero Waste
Submitted to the New York City Council's Committee on Sanitation and Solid Waste Management
April 21, 2021
Achieving zero waste requires a holistic approach that uses City resources efficiently, incentivizes residents to improve their habits, and implements targeted programs and policies.
Statement
City Budget
CBC Statement on the NYC Preliminary Budget for FY2022
January 14, 2021
Citizens Budget Commission (CBC) President Andrew S. Rein released this statement on the New York City Preliminary Budget for Fiscal Year 2022:
Testimony
City Budget
Testimony on Preliminary Report on New York City Property Tax Reform
Submitted to the New York City Advisory Commission on Property Tax Reform
June 16, 2021
CBC and many New Yorkers have called for reform of the City’s byzantine and unfair property tax system for decades.
Statement
State Budget
Statement on the Passage of the American Rescue Plan
March 10, 2021
The American Rescue Plan can be a game-changer for New York. It will provide much needed support for New Yorkers and our economy, including aid for those who are jobless, for many individuals and families, especially with children, for nonprofits and small businesses including restaurants and the arts, and more.
Blog
Transportation
Getting the Pricing Right
Six Recommendations for Congestion Pricing
July 28, 2021
As the Traffic Mobility Review Board considers its recommendations and the Triborough Bridge and Tunnel Authority determines the policies and implements the program, they should follow six recommendations
Op Ed
City Budget
A Big Budget Briefing for Eric Adams
New York Daily News
November 16, 2021
Upon getting elected, Mayor-elect Eric Adams vowed to “get stuff done.” Adams’ focus on delivering core services and managing the budget is exactly right.
Report
City Budget
Getting the Basics Right
Fiscal, Managerial, and Policy Priorities for Recovery, Stability and Prosperity
November 08, 2021
To ensure that New York recovers, stabilizes, and ultimately thrives, the incoming Administration should set and implement fiscal, managerial, and policy priorities that will boost the city’s economy and competitiveness, and provide the services and opportunities necessary for New Yorkers to flourish.
Report
Housing
NYCHA’s Operating Outlook
More Uncertainty Amid Pandemic and Repair Needs
February 03, 2021
While one-time federal aid helped NYCHA cover its COVID costs in 2020, the outlook for 2021 depends on how NYCHA manages challenges it already faces.
Report
Energy & Environment
4 Facts About New York’s Transportation Emissions
November 11, 2021
As the State implements policies to meet these ambitious targets, shrinking emissions from transportation will be vitally important.
Testimony
Economic Development
Testimony on the Penn Station Area Civic and Land Use Improvement Project
Submitted to Empire State Development
December 08, 2021
Individually and collectively, these projects could contribute to New York’s long-term competitiveness and well-being.
Testimony
Transportation
Testimony on the MTA’s Finances and Operations
Testimony before the Senate Standing Committee on Corporations, Authorities and Commissions; and the Senate Standing Committee on Transportation
September 29, 2021
The MTA is facing a long-term structural deficit of approximately $2.7 billion annually, meaning its recurring income from fares, tolls, and other sources will be roughly $2.7 billion less than the recurring expenditures needed to run the system.
Blog
City Budget
Bridge Over Troubled Fiscal Waters?
Only if Federal Aid Is Used Wisely
March 15, 2021
With more than $5 billion in additional federal relief expected to flow to New York City, the appropriate course of action now would be to address the most pressing pandemic and related expenses and responsibly backfill shortfalls in tax revenues temporarily but resist the urge to fund programs with recurring costs without a long run fiscal stability plan.
Op Ed
City Budget
Fed aid is a bridge; stable shore needed: American Rescue Plan good for NYC only if used prudently
New York Daily News
March 13, 2021
The American Rescue Plan will not only provide tremendous support to individuals, families, businesses and organizations, but can be a game-changer for New York state and city government. Success, however, is far from guaranteed.
Blog
Transportation
Light, at the Beginning of the Tunnel
What to Look for in the MTA 2021 July Financial Plan
July 20, 2021
While the path to achieving operating savings is hard, it is much preferable to phase in these savings over the next few years than to have massive fare and toll increases, economically damaging service cuts, or significant increases in dedicated taxes and subsidies.
Testimony
Housing
Testimony on NYCHA’s Capital Spending of City Funds
Submitted to the City Council Committee on Public Housing and Subcommittee on Capital Budget
November 18, 2021
I will focus on two topics: first, how additional City capital funding and new policy approaches are helping to address NYCHA’s capital needs, and second, the process and procurement reforms needed to ensure that NYCHA spends all—not just City—capital dollars effectively and efficiently.
Blog
City Budget
To Cross the Bridge Wisely
Strategies for NYC’s Fiscal Year 2022 Executive Budget
April 20, 2021
The soon to be released Fiscal Year 2022 Executive Budget will reveal how the Mayor proposes to address the City’s extraordinary fiscal circumstances that recently have brightened
Report
Energy & Environment
Balancing Incentives to Maximize Emission Reduction
Recommendations on Local Law 97 Implementation
August 26, 2021
To meet LL97’s emissions reductions goals most cost-effectively, DOB, in consultation with the advisory board, should tailor the policy and compliance rules to provide building owners the most cost-effective compliance paths.
Report
City Budget
Federal Aid Now, Fiscal Cliffs Later
The Missed Opportunity for NYC Budget Stability
May 24, 2021
Greater detail is needed to address these shortcomings and facilitate the transparency and accountability that should accompany this historic level of resources and the opportunity they provide.
Video
CBC News
Comptroller Candidate Forum
Accountability, Not Just Accounting
May 04, 2021
The next New York City Comptroller will play a critical role not only in holding the next Administration and agencies accountable, investing and managing five pension funds with $248 billion in assets, and partnering in $13 billion City debt issuance, but also in spotlighting and promoting New York City’s fiscal health during and after the economic recovery. CBC's "Comptroller Candidate Forum: Accountability, Not Just Accounting" featured 13-minute conversations with each of the six leading candidates, in succession, allowing candidates to share their vision for the office, answer targeted questions from CBC about how they will use the office’s powers, and identify positions on key issues in a lightning round.The video was lightly edited to remove technical glitches. The content of the conversation was preserved in its entirety.