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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
Testimony
Economic Development
NYS ABO's Oversight and Regulation of IDAs
Testimony before the New York State Authorities Budget Office
September 04, 2018
The purpose of today’s public hearing is to discuss regulations recently proposed by the Authorities Budget Office to impose additional disclosure requirements on local industrial development agencies (IDAs).
Op Ed
Education
New York keeps shortchanging poor students
And Cuomo’s Foundation Aid formula will do little to fix it
March 19, 2018
Fixing the existing Foundation Aid formula would allow the state to fully fund a sound basic education with current resources.
Op Ed
Economic Development
New York needs better return on economic investments
Albany Times Union
January 17, 2018
While upcoming corruption trials may provide a revealing behind the scenes look at state operations, they should not distract from the pressing need to reform the state's approach to economic development in this legislative session.
Op Ed
State Budget
Repeal the Film Tax Credit, But Don't Expect Savings Just Yet
Even if this wasteful program is killed in 2018, its expenditures will continue for years
December 13, 2017
The Citizens Budget Commission is a long-time critic of the New York State Film Tax Credit program and supports its repeal. However, due to some unusual provisions of state tax law, repeal of the credit will not yield immediate state savings.
Press Mention
State Budget
CBC report finds Cuomo budget grew by 3.7 percent
May 30, 2017
A common boast of the Cuomo administration — that state operating funds have grown less than two percent per year — is artificially propped up by a series of fiscal tricks, the Citizens Budget Commission said in a report issued on Tuesday morning.
Op Ed
Education
Fix NY's broken formula for distributing school aid
March 22, 2017
How much more funding should New York state provide to Syracuse public schools? A report by the Citizens Budget Commission, for which I was the primary author, says that an increase of $83 million is needed for the City of Syracuse school district.
Op Ed
Education
How Much More State Education Funding Is Needed?
March 08, 2017
With reforms to the way funding is distributed, the State can fund a "sound, basic education" with $569 million more in annual funding.
Press Mention
State Budget
Those kicked cans pile up
February 21, 2017
Fiscal gimmicks: Kick the can down the road a few times, and those cans start to pile up.
Press Mention
State Budget
CBC: Cuomo uses 'gimmicks' to low-ball spending growth
February 14, 2017
The CBC has a word for the tweaks in spending and revenue that Gov. Andrew Cuomo used to hold the operating spending increase in his executive budget under 2 percent: “gimmicks.”
Press Mention
State Budget
Watchdog group: Cuomo budget uses $1.2 billion in fiscal gimmicks
February 13, 2017
Gov. Andrew M. Cuomo counts on $1.2 billion in "fiscal gimmicks" to keep spending growth below 2 percent in his proposed 2017 state budget.
Testimony
Economic Development
On Economic Development Proposals in the NYS Executive Budget for FY2018
Submitted to the Joint Legislative Conference on Economic Development
January 31, 2017
The growth of economic development costs should be halted until the effectiveness is demonstrated through standardized performance measures and transparent reporting.
Press Mention
State Budget
Budget watchdog: Cuomo’s plans tally $15.5B in new spending
January 17, 2017
An independent budget watchdog says Gov. Andrew M. Cuomo’s new spending and borrowing proposals would add as much as $15.5 billion to the state budget and to the state’s debt.
Press Mention
State Budget
Five things to watch in Cuomo's proposed budget
January 17, 2017
Five things to watch Governor Cuomo's roughly $150 billion spending plan, with analysis and comment from CBC
Op Ed
State Budget
Debt Donnybrook: Legislative Battle NY Needs
October 22, 2006
To rein in runaway debt, CBC recommended that State leaders enact four high-priority reforms: 1) Stop issuing State-funded debt to cover operating deficits; 2) Make authorities' borrowing part of the State's capital plan; 3) Institutionalize rigorous financial review of authority borrowing; and 4) Reduce future debt for capital spending.
Op Ed
State Budget
NY's Debt Mess
April 24, 2006
As of April 25, 2006, debt accumulated by the State's public authorities exceeded $166 billion, which was nearly three-quarters of the State's outstanding debt. This op-ed explains the problems with the authorities' three types of debt and makes suggestions for reform.