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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.
Testimony
Capital Spending
Testimony On Ten-Year Capital Strategy and Capital Budget
Delivered to NY City Council Committee on Finance
May 18, 2015
The Mayor's Ten-Year Capital Strategy totals $83.8 billion- a $30 billion increase from the prior plan. CBC has two main concerns about the Strategy: there is insufficient information available to judge the investments, and the investments will add to the City’s high debt burden.
Op Ed
City Budget
The Importance of Increasing Efficiency in New York City Government
April 26, 2015
Mayor Bill de Blasio has thus far declined to require city agencies to meet targets for increasing efficiency in the delivery of government services. In doing so, he has broken a pattern established by every mayor since the fiscal crisis in the 1970s, and he's taking a gamble that may come back to haunt the city's taxpayers.
Testimony
City Budget
Testimony Examining Health Care Savings Under Recent Collective Bargaining Agreements
Delivered to the NYC Council Committee on Finance
April 01, 2015
Savings that would have normally been reserved for general budget needs—such as funding libraries or maintaining public parks—and are attributable to a national slowdown in health care costs, are now being credited to the health savings agreement.
Op Ed
City Budget
Residential Garbage Fees Vital to Achieving NYC's Environmental Goals and Lowering Costs
February 17, 2015
Landfilled trash managed by New York City's Department of Sanitation costs $300 million each year and produces more than 1 million tons of greenhouse gas emissions. The high expense and environmental impact result from the City's low residential diversion rate and high reliance on private and municipal landfills in faraway locations.