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Presentation
City Budget
Overview of NYS and NYC Adopted FY2024 Budgets
August 02, 2023
A presentation on the NYC and NYS Adopted Budgets.
Presentation
City Budget
Briefing on the Latest NYC & NYS FY 2023 Budget Updates
December 13, 2022
The latest updates to the NYC, NYS and MTA Budgets.
Presentation
City Budget
NYC Fiscal Year 2023 Adopted Budget and Outlook
August 15, 2022
Positive short-term trends, significant long-term risks.
Presentation
City Budget
NYC FY 2022 Preliminary Budget
Balance Today, Challenges Tomorrow
February 04, 2021
The City is not addressing its long-term fiscal problems.
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.
Press Mention
City Budget
Charter Revision Commission Hears Expert Testimony on City Budgeting and Contracting
Gotham Gazette
March 13, 2019
The 2019 Charter Revision Commission, which is looking at ways to improve the city’s central governing document, heard suggestions on Monday from community-based organizations, fiscal watchdogs, and former and current city officials about potential changes to the city’s byzantine budgeting process.Over the course of more than three hours, experts weighed in on the city’s flawed contract procurement system, the severe lack of transparency in spending on capital projects, the possibility of creating a rainy day fund for the city, and measures to generally improve accountability in city spending. There was general agreement that city procurement needs to be overhauled to make it more efficient and transparent, but broader opposition to changes in the budgeting process and the administration’s ability to set revenues and expenditures.
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
Press Mention
City Budget
The Best and Worst New York Neighborhoods for Subway Service, Rat Control and 42 Other Joys of Urban Life
June 30, 2017
The New York Times uses CBC's survey data to create an interactive data feature showing what New Yorkers think of city services and quality of life in each of the 59 community districts.
Press Mention
City Budget
De Blasio Unveils Nearly $85 Billion Budget Proposal
April 27, 2017
It's often said that budgets are statements of priorities. So what does Mayor Bill de Blasio's budget say as he seeks a second term in office?
Press Mention
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.
Press Mention
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.”
Press Mention
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.
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.
Press Mention
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
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.
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.