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Op Ed
City Budget
Eric Adams’ plan to eliminate NYC’s budget gap is very achievable — and desperately needed
New York Post
September 22, 2022
The best way to protect New York’s future is to stabilize the budget and prioritize and better manage critical services.
Op Ed
City Budget
We Need to Pump Up the City's Rainy Day Fund Now
Crain's New York Business
June 07, 2022
New York City needs to be ready to protect the most vulnerable in the next economic storm. So we urge the mayor and the city council to put a serious sum into our city’s rainy day fund as they conclude budget negotiations this month, while the sun is shining.
Letter
City Budget
CBC Urges State Legislative Leaders to Reject Proposal to Increase NYC's Borrowing Authority
Letter to the State Legislature
May 31, 2022
CBC urges you to reject the proposal to increase the New York City Transitional Finance Authority’s (TFA) borrowing capacity that is outside of the City’s constitutional debt limit.
Letter
City Budget
CBC Urges City Leaders to Make Substantial Rainy Day Fund Deposit
A Letter to the Mayor and City Council
May 31, 2022
Fiscal preparedness is key to stability and ongoing prosperity; based on prior recessions, the City could face a revenue shortfall totaling $13 billion to $19 billion over three years in the next recession.
Op Ed
City Budget
NYC Faces Fiscal Disaster If Officials Think They Can Do It All
City & State
April 21, 2022
The choices made, along with the outcomes of city labor negotiations, will reverberate for years to come.
Op Ed
City Budget
City Can Save Billions with Better Management, Work Rules
February 01, 2022
New York’s recovery, economic competitiveness and continuing capacity to support its most vulnerable depends on making sure city services are high quality, efficient and affordable.
Op Ed
Economic Development
The Smart Money on Amazon
Strengths and weaknesses in the Long Island City deal
November 23, 2018
As New Yorkers search for Black Friday deals, including on Amazon, we are also scrutinizing the deal offered to the retail giant to come to Long Island City.
Op Ed
Housing
In Need of Partners
Affordability Gap Too Large for New York City to Cover Alone
October 17, 2018
The City's committment to create and preserve affordable housing units and make critical repairs at NYCHA is unprecedented. But can this effort address affordability for all rent-burdened New Yorkers?
Op Ed
Pensions & Benefits
Pension sweeteners a bitter prospect for New York City
New York Daily News
June 15, 2018
The City Council adopted a budget for fiscal year 2019 that totals almost $90 billion. Almost $10 billion will be devoted to pensions for public employees, and the amount is projected to grow. And yet, for some, this is not enough.
Op Ed
City Budget
Forcing budget discipline on big spender Bill
New York Daily News
May 02, 2018
Last week, Mayor de Blasio released an executive budget detailing $90.8 billion in spending in fiscal year 2019.
Op Ed
City Budget
How New York City Can Afford Fair Fares
Slowing the growth of the city’s workforce would provide the needed savings
April 16, 2018
The Fair Fares proposal can be accommodated within the city budget by exercising greater restraint in hiring and more aggressively tackling inefficiencies in its operations.
Letter
Taxes
Significant Impacts the Tax Cuts and Jobs Act on the Residents and Revenues of New York City
Letter to Mayor de Blasio
March 20, 2018
I write to convey the Citizens Budget Commission’s findings about the significant impacts the Tax Cuts and Jobs Act (TCJA) will have on the residents and revenues of New York City and New York State and recommended steps needed to address these problems.
Op Ed
Pensions & Benefits
City Worker Pensions Vs. Kids
Bloomy Must Cut Youth Services Because Adult Costs Are Out Of Control
December 04, 2010
New York provides a troubling example of how the inability to contain costs associated with a large municipal workforce imposes a greater burden on the most vulnerable populations, notably low-income children.
Letter
City Budget
CBC Urges Gov. Cuomo to Veto Arbitrary Training Mandate for Firefighters
September 29, 2010
CBC recommends to the governor that A9885/S6784, which mandates that New York City firefighters be provided an additional 80 hours of training on the Buildings and Fire Codes, be vetoed because it is an arbitrary addition to existing preparation that is unnecessary and financially burdensome.
Op Ed
City Budget
Reform New York City Municipal Union Welfare Funds
August 04, 2010
CBC president Carol Kellermann pens an op-ed that advocates for the reformation of the taxpayer-supported municipal union welfare funds.
Op Ed
Housing
Rent Regulation: A Big Tax On NY
The Law Needs a Massive Overhaul
July 06, 2010
The push to continue rent regulation is fueled by far more populist rhetoric than economic reason. As a corrective, a new report by the Citizens Budget Commission reveals some startling facts about the current system.
Op Ed
City Budget
Time for Prudence in City Benefits
April 10, 2010
Executive Vice President and Director of Research Charles Brecher pens this op-ed that discusses ways to rein in growth of the City's retirement benefits, notably pensions and health insurance.
Op Ed
City Budget
How to Save $2B Without Slashing City Services
March 03, 2010
Research Director Chuck Brecher outlines 5 alternative solutions for saving up to $2 billion in Mayor Bloomberg's preliminary budget. Each of these proposals would avoid widespread layoffs and the reduction of other vital services.
Op Ed
City Budget
City, State Budget Woes
January 16, 2010
CBC President Carol Kellermann writes a letter to Crain's urging the City to not avoid cost cutting in the face of better-than-expected tax revenue.