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Testimony
Transportation
Testimony on NYC Ferry
Submitted to the New York City Council Committee on Economic Development and Committee on Transportation and Infrastructure
September 10, 2024
NYC Ferry remains one of the most heavily subsidized transit options in New York City, and one of the most subsidized public ferry systems in the country.
Letter
Economic Development
CBC Urges Veto of ICAP Extension
S9822/A10530 Extends NYC's Industrial and Commercial Abatement Program Without First Evaluating Its Effectiveness
August 13, 2024
Alternatively, a one-year extension would allow time to evaluate ICAP's cost-effectiveness and identify beneficial eligibility and benefit changes
Letter
State Budget
Watchdogs Urge Governor to Veto S7562/A7757 to Amend the Film Tax Credit
A Letter to the Governor
October 16, 2023
CBC recommends that you veto S7562/A7757, which expands eligibility for the Empire State Film Production Credit.
Report
Economic Development
11 Billion Reasons to Rethink
New York's Increasing Economic Development Spending
July 20, 2023
Despite improved disclosure about individual projects, State and local economic development spending continues to increase without sufficient evidence that these programs cost-effectively create jobs or are more beneficial than alternative uses of the funds.
Report
Economic Development
Improving New York City’s Land Use Decision-Making Process
September 06, 2022
This report examines and identifies why New York’s land use decision-making process impedes action to address New York’s needs and recommends improvements.
Statement
Transportation
Statement on the Empire State Development General Project Plan and Letter of Mutual Agreement with the City for the Penn Station Area Civic and Land Use Improvement Project
July 26, 2022
Catalyzing development in the Penn Station district and renovating the station itself should help New York’s competitiveness and enable future growth.
Statement
Transportation
Statement on NYC Ferry Forward Plan
July 14, 2022
The Adams Administration plans to take some important, positive steps to improve the finances and transparency of NYC Ferry.
Testimony
Transportation
Testimony to the New York State Senate on the Pennsylvania Station Area Civic and Land Use Improvement Project
Submitted to the Senate Standing Committee on Corporations, Authorities and Commissions and the Senate Standing Committee on Finance
June 24, 2022
To ensure the project has the maximum and most cost-effective impact, the plan should be designed and executed well, should be based on appropriate decision making input and authority, and should appropriately leverage City, State, federal, and private resources.
Statement
State Budget
Statement on Economic Development Database and Film Tax Credit in the Fiscal Year 2023 Enacted Budget
April 08, 2022
For too long New York has been a leader in economic development spending, but not a leader in economic development program results.
Report
Economic Development
Determining an Appropriate Buffalo Stadium Subsidy
Don't Just Wing It
March 21, 2022
New York does not have a good track record of demonstrating that its economic development programs yield benefits exceeding their costs.
Statement
Economic Development
Statement Regarding the New York State Joint Legislative Budget Hearing on Economic Development
February 16, 2022
Without improvements in the State’s allocation decisions, oversight and reporting, and evaluation, New Yorkers are unlikely to get the value and economic impact they deserve.
Testimony
Economic Development
Testimony on the Effectiveness of NYS Economic Development Programs
Submitted to Joint NYS Senate Committee Hearing
January 14, 2022
While New York is a leader in the scope and amount of its economic development spending, it is not a leader in job-creating projects.
Testimony
Economic Development
Testimony on the Penn Station Area Civic and Land Use Improvement Project
Submitted to Empire State Development
December 08, 2021
Individually and collectively, these projects could contribute to New York’s long-term competitiveness and well-being.
Letter
Economic Development
Governor Should Sign Bill Authorizing OSC Oversight of LDCs
A Letter to Governor Cuomo
December 18, 2019
CBC urges Governor Cuomo to sign A7476/S5445, which will authorize the Office of the State Comptroller to audit local development corporations.
Report
Economic Development
Raising the REDC Bar
December 17, 2019
This report assesses REDC design and implementation based on best practices identified through case studies of successful local revitalization efforts in the U.S.
Testimony
Economic Development
Testimony on Industrial Development Agencies and Local Development Corporations
November 22, 2019
CBC has long advocated for increasing accountability and improving the performance of all entities engaged in economic development spending.
Report
Economic Development
Opportunity Zones In New York State and City
August 20, 2019
The Opportunity Zone program may amount to significant losses for both NYS and NYC before rising substantially in 2029.
Report
Economic Development
2019 Economic Development Scorecard
New York State Bill Tracker
April 24, 2019
Dozens of bills to expand existing economic development programs and create new ones have been introduced during the legislative session.
Report
Economic Development
10 Billion Reasons to Rethink Economic Development in New York
February 11, 2019
This policy brief updates the Citizens Budget Commission's previous analyses of the cost of New York's state and local economic development programs.