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Taxes
NYC property taxes favor rich and white homeowners, lawsuit claims
April 24, 2017
A coalition called Tax Equity Now NY, which includes the NAACP, the Black Institute, several landlords and homeowners, has teamed up with lawyers from the firm Latham & Watkins, including former Chief Judge Jonathan Lippmann, to file a class-action suit this week charging that the DNA of the city’s property tax system is racially biased and favors the affluent over the working- and middle-class.
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City Budget
City Girds for Major Federal Cuts Under Trump Budget, Health Plan
March 20, 2017
Mr. Niblack’s comments came in response to a question from ABNY panel moderator Maria Doulis, vice president of the Citizens Budget Commission. “There are certainly risks on the Federal side” in terms of budget cuts, she said, but “there is also this question mark about the economy.”She continued, “The monitors released their reports of the city plan and they find the economic growth, at least in terms of jobs being added, is slowing. This is also the first time in an expansionary period that I remember seeing non-property tax revenues, which are more economically sensitive, be essentially flat” for the current fiscal year and the next.”
Blog
City Budget
Can Taxi Medallions Still Be a Billion Dollar Budget Booster?
March 02, 2017
The City of New York expects to generate $1.2 billion in revenue from the sale of new taxi medallions from fiscal years 2019 to 2023; however, increased competition from ride-sharing services has resulted in a significant decrease in the value of medallions. The City should adjust its budget assumptions to reflect this situation, with the most prudent action being removing this revenue from its financial plan until the industry stabilizes.
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City Budget
Budget Watchdog Warns de Blasio on Taxi Medallion Money
WNYC Radio
March 02, 2017
It's not news that taxi medallions, which were once valued at over a million dollars, have plunged in value to less than half that. Yet Mayor Bill de Blasio's latest budget includes $1.2 billion in revenue from the sale of new medallions — which one watchdog says is unrealistic.
Blog
City Budget
How Much Is Enough?
Accounting for the Growth in Homeless Services
February 21, 2017
Spending for homeless services has increased by $1 billion.
Blog
City Budget
Scant Savings
Agencies Must Increase Efficiency to Meet Budget Target
February 15, 2017
The $3.8 billion Citywide Savings Program features little in the way of savings from increasing the efficiency of government operations.
Press Mention
City Budget
No Trump 'Specifics' in de Blasio's $84.7 Billion Preliminary Budget
January 25, 2017
The proposal includes $1 billion in new spending and has ticked up nearly 15 percent since de Blasio’s first budget in 2014.
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City Budget
Why de Blasio's budgets mean trouble tomorrow
January 25, 2017
CBC quoted in NYP editorial on NYC FY2018 Preliminary Budget
Press Mention
City Budget
Mayor de Blasio Proposes Boosting NYC Reserves
Ahead of Any Cuts by Trump
January 25, 2017
Preliminary FY2018 budget was written with the presumption of profound challenges from Washington
Press Mention
City Budget
De Blasio Presents First Trump-Era Budget
Admits 'A Lot Of Uncertainty'
January 25, 2017
Mayor de Blasio acknowledged five major areas of concern on Tuesday
Blog
City Budget
What to Look for in the NYC Preliminary Budget for FY2018
January 23, 2017
The big questions surrounding the release of the FY2018 Preliminary Budget and Ten-Year Capital Strategy
Press Mention
City Budget
NYC nonprofit group to pick 72,000 city residents for mayoral election year survey
January 18, 2017
The Citizens Budget Commission is listening — and now, New Yorkers, it’s up to you.
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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.
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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.
Presentation
Economic Development
Data Indicators for New York City Competitiveness Scorecard
2016 Edition
September 28, 2016
Data for indicators used for New York City Competitiveness Scorecard, 2016.
Blog
City Budget
What Does the MMR Reveal About Progress on the De Blasio Administration’s Priorities? An Update
September 19, 2016
Reviews performance results in FY2016 in areas identified by priorities by the de Blasio Administration, including solid waste, housing, fire, corrections, health, and homelessness. Includes interactive data tracker.
Blog
City Budget
What Will the Mayor’s Management Report Tell Us About Progress on the De Blasio Administration’s Priorities?
September 12, 2016
Identifies by priorities of the de Blasio Administration, including solid waste, housing, fire, corrections, health, and homelessness. Includes interactive data tracker for performance data from FY2009-2016.