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Press Mention
City Budget
New York's Wide Variables
The Bond Buyer
December 27, 2016
CBC's Maria Doulis joins a discussion of what effect the Donald Trump presidency would have on New York City.
Press Mention
Pensions & Benefits
Taxpayers Will Foot the Multi-Million Dollar Bill to Make up for the Citys Sagging Pension Funds
NY1
December 07, 2016
The City is will send hundreds of millions of dollars to the pension fund after it has not met expected returns of 7% two years in-a-row.
Press Mention
City Budget
City Pensions Will Cost Taxpayers $722M Over Next 3 Years
November 18, 2016
Taxpayers must pick up a $722 million tab over the next three years to replenish the city’s cash-strapped municipal employee pension system.
Press Mention
City Budget
Brooklyn Bridge Repairs Expected to Cost $811M
November 11, 2016
“Big public projects take too long to complete and routinely run over budget,” said Maria Doulis, an analyst for the watchdog Citizens Budget Commission.
Press Mention
City Budget
Trash Complaints Rise Despite Sanitation Spending Spree
NBC New York
November 03, 2016
The city's Department of Sanitation has seen a 13 percent payroll increase under Mayor de Blasio, but New Yorkers have lodged 24 percent more 311 complaints about missed trash collection in that time, leading some residents to wonder if taxpayer money is being put to good use.
Press Release
Economic Development
CBC Releases Scorecard Assessing the NYC Metro Area's Competitiveness
Scorecard Compares the NYC Region with the Nation’s 14 Other Largest Metropolitan Areas
September 28, 2016
The Citizens Budget Commission (CBC) today released its 2016 Competitiveness Scorecard, which assesses the competitiveness of the New York City metropolitan area (NYC metro) in attracting and retaining highly educated talent.
Op Ed
City Budget
The “20-20-20-20” Dilemma
The Need to Curtail New York City’s Legacy Costs
August 03, 2016
A giant and rapidly growing slice of the New York City budget pays for "legacy costs" - pensions, retiree health benefits, and debt service - which already exceed 20 percent of the budget and will expand by 20 percent to more than $20 billion in annual spending by fiscal year 2020. But the City can take steps to deal with it.
Op Ed
City Budget
The Rapidly Rising Cost of City Workers
New York City Employees Get $138,000 in Pay and Benefits, and Rising
June 09, 2016
The mayor and City Council quickly came to an agreement on the details of an adopted budget for fiscal year 2017, but little attention has been paid to spending projected over the course of the five-year financial plan. We ought to focus, and hold onto our wallets.
Op Ed
City Budget
Make NYC’s Retiree Health Benefit Trust More Trustworthy
May 25, 2016
The City of New York has a $70 billion liability for retiree health insurance costs and other post-employment benefits (OPEB), not including pensions. These benefits are contractually owed to retired city employees and are largely unfunded.
Op Ed
City Budget
A Mixed Budget Message
May 02, 2016
Mayor Bill de Blasio’s executive budget and accompanying four-year financial plan send a mixed message about New York City’s fiscal outlook. For the short term, economic performance and local revenues are exceeding expectations this year.
Statement
City Budget
Statement on the New York City Executive Budget for Fiscal Year 2017
April 26, 2016
The Mayor’s new financial plan contains mixed messages of short-run optimism and significant new spending on the one hand and longer-term cautious revenue estimates and modest reserves on the other.
Op Ed
City Budget
Mayor de Blasio's Citywide Savings Program: Too Little of the Really Good Stuff
February 24, 2016
In his second year de Blasio reestablished the practice under the new name of Citywide Savings Program (CSP). The resurrection has been uninspired; the CSP in the latest plan, released last month, is too small and includes too few efficiency initiatives.
Op Ed
City Budget
Reducing Organic Waste Without Increasing Costs
February 03, 2016
The Department of Sanitation's focus on organic waste is merited by the size of the waste stream (more than 1 million tons annually) and environmental benefits of reducing greenhouse gases through use of alternative disposal strategies, such as composting, rather than transport to distant landfills.
Press Release
City Budget
CBC Report Recommends Targeted Approach to NYC Organic Waste Diversion
Report Proposes Measures to Contain Costs That Could Exceed $250 Million Annually
February 02, 2016
This report analyzes the potential cost to New York City taxpayers of diverting food scraps and other organic material from landfills as part of the City's environmental agenda. It finds an expansion of the City's residential organics program would impose new financial costs of up to $250 million annually.
Op Ed
City Budget
What de Blasio’s Budget is Missing
January 21, 2016
The mayor’s plan increases spending without any increases to tax rates, thanks to rising property values and continued economic growth: Employment has reached an all-time high, real wages are growing and tourists are still flocking to the city in record numbers.
Press Release
City Budget
CBC Report Calls For Transforming the FDNY's Response to Medical Emergencies
The Fire Department Responds Primarily to Medical Incidents, Not Fires – But Has Not Been Fundamentally Transformed Since Its Merger with the Emergency Medical Service in 1996
December 09, 2015
The report calls for bold action to enhance the Department’s response to medical emergencies. The department has not been fundamentally transformed since its merger with the Emergency Medical Service in 1996.
Statement
City Budget
Statement on FY16 Adopted Budget for New York City
June 22, 2015
The FY 16 adopted budget announced by the Mayor and the Council this evening adds approximately $200 million in spending for additional police, social service providers and other programs.
Op Ed
City Budget
New York City Should Be Cautious About Increasing Its Debt
June 16, 2015
New York City has more outstanding debt than ever before, and Mayor Bill de Blasio has proposed a 10-year capital plan that will increase it substantially.
Op Ed
City Budget
The New York City Housing Authority's Bold Plan Deserves Support
May 27, 2015
Mayor Bill de Blasio and Shola Olatoye, Chair and CEO of the New York City Housing Authority (NYCHA), released a 10-year roadmap called "NextGeneration NYCHA". The roadmap is a bold plan that deserves to be supported.
Statement
City Budget
Statement on Mayor de Blasio's Executive Budget for FY 2016
May 07, 2015
The continuing strong performance of the local economy provides a favorable context for the Executive Budget released by Mayor Bill de Blasio.