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Press Mention
City Budget
De Blasio finds $164M in NYC labor ‘savings’ by pushing union payouts to 2022
New York Post
October 29, 2020
While the mayor also touted the postponed DC37 payouts as “labor savings,” budget experts said that characterization is misleading.“You can’t pretend that delays save money,” said Andrew Rein, president of the independent Citizens Budget Commission.
“The city needs to restructure its finances to be stable. We have to find enough savings in this budget so that the money we collect can pay for the services we need,” he explained.
Rein said it was a mistake for de Blasio to rely on an uncertain federal bailout to solve the city’s cash crunch.
“Federal aid, we’re worthy of it. It’s welcome, we should get some. We don’t know when, We don’t know how much.
“Counting on it to solve all of our problems is a dangerous thing because it will take the pressure off doing what we need to do which is restructure the city’s finances so we can have a stable government that we can afford.
“If we don’t find those savings in the right way and in a recurring way that happens year after year, we’re just going to make our problems worse, not better,” Rein said.
Op Ed
City Budget
It’s Time to Fix New York’s Dysfunctional Construction Regulations
Crain’s New York Business
October 02, 2020
There is no better way to rebound from the economic and social damage inflicted by the Covid-19 pandemic than to seize the opportunity to address some of New York City’s most intractable challenges.
Op Ed
City Budget
A Budget Battle Plan for NYC
New York Daily News
September 16, 2020
Ensuring the city’s finances are well managed is more important than ever.
Op Ed
State Budget
Let’s have some fiscal emergency preparedness, New York
New York Daily News
March 02, 2020
As we have watched the stock market drop and serious concerns about the coronavirus mount, we budget watchdogs predictably have started to worry.
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.
Press Mention
Economic Development
CBC Report Assesses Amazon's Move to Empire State
Spectrum News
November 21, 2018
A new breakdown of the Amazon deal concludes that although the city's tech sector and tax revenue will reap considerable benefits, further analysis exposes glaring weaknesses in the the city and state's economic development policy
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.