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Letter
State Budget
New York State Should Responsibly Address Serious Fiscal Imbalance
A Letter to Governor Cuomo, Majority Leader Stewart-Cousins, and Speaker Heastie
December 10, 2019
The Citizens Budget Commission welcomes the recognition that the State must immediately address its serious fiscal imbalance.
Testimony
Taxes
Comments on New York City Property Tax Reform
December 04, 2019
The balancing act facing legislators as they consider proposals to reform the property tax is how to increase equity, fairness, and transparency, while maintaining fiscal stability and reliability.
Blog
Taxes
Personal Income Tax Revenues in New York State and City
August 13, 2019
PIT revenues are a significant - and volatile - part of State and City budgets.
Special Feature
City Budget
Facts About The NYC Budget
2019
May 13, 2019
A snapshot of NYC's budget, including projections for spending, headcount, savings, liabilities, and revenue shortfalls in case of a recession.
Blog
Taxes
Follow the Money
The MTA’s New Revenues
April 05, 2019
The NYS Adopted FY 2020 Budget directs three revenue sources to support the MTA. This blog clarifies what the revenue streams are and how they will flow to the lockbox.
Blog
Taxes
Pied-à-Terre Tax
Appealing but Problematic
March 13, 2019
The pied-à-terre tax is appealing politically because it is levied on wealthy people with means to pay and nonresidents who do not vote. Nevertheless, it is problematic for several reasons.
Blog
City Budget
NYC Revenues in a Recession
Quantifying the Potential Shortfall
February 26, 2019
The potential shortfall from a recession comparable to the last two recessions could be substantial: between $15 billion and $20 billion below projections over three years.
Report
Transportation
Recessions and Revenues
The Case of the MTA
December 16, 2015
This policy brief considers the implications of a recession for the Metropolitan Transportation Authority’s (MTA) current financial plan.
Video
Transportation
Taxi Tax Shrinks: MTA’s bottom line cut as taxi ridership plunges
NY1
November 23, 2015
Fifty cents goes to the MTA every times you ride a yellow or green taxi, but with taxi ridership shrinking, so does the MTA's bottom line.
Video
Transportation
Citizens Budget Commission Lays Out Ways to Tax For-Hire Car
NY1
August 26, 2015
Thanks to the surge of car services like uber, fewer and fewer people are taking yellow cabs—and it's just not cabbies who are feeling the pinch. The decline has real implications for the city's transit system, which received fifty cents for every cab ride.
Report
Transportation
Taxis, Taxes, and the MTA Funding Gap
August 25, 2015
This policy brief suggests alternatives for taxes on services regulated by New York City’s Taxi and Limousine Commission as a potential source of filling the gap in the MTA's proposed 2015-2019 capital plan.
Blog
State Budget
An Expensive Deal in Albany
June 28, 2015
The legislative package passed in Albany last week rejected some misguided and expensive proposals, including a tax credit for benefactors of private schools. Unfortunately, other expensive proposals were included, adding to current and future state expenses without providing offsetting savings or revenues.
Blog
Taxes
How Much to Bank on? When it Comes to Revenue Forecasting, Better Safe Than Sorry
April 12, 2015
What kind of impact could a recession have on New York City's revenues?
Blog
State Budget
New York’s $1 Billion Brownfield Cleanup Program
March 17, 2015
Overview of Brownfield Cleanup Program
Op Ed
State Budget
Ten Key Takeaways from Governor Cuomo's Executive Budget
January 28, 2015
Last week, Citizens Budget Commission listed the Top Ten Things to Look for in the NYS 2016 Budget. Here is how they fared in the Executive Budget Proposal outlined by Governor Cuomo on January 21.
Letter
State Budget
CBC Recommendations on Tax Relief and Reform Proposals in Executive Budget
March 05, 2014
This letter expresses support for Executive Budget tax reforms, but recommends that action on the property tax relief proposals be deferred until their design is improved and the surplus necessary to sustain them is achieved.
Op Ed
Economic Development
How to Make NYC Economic Development More Effective
January 26, 2014
The start of the new administration offers an important opportunity to review the city's economic development practices and assure that they foster growth by making business incentives more cost-effective and transparent.
Testimony
State Budget
Testimony on Improving the State Budgetary Process
Delivered to the Select Committee on Budget and Tax Reform
December 17, 2009
In this testimony the CBC assesses the effectiveness of provisions in the New York State Budget Reform Act of 2007 and makes additional recommendations for improving transparency, forecasting, and flexibility.
Letter
Pensions & Benefits
CBC Urges Governor Paterson to Veto Costly Mandate for Retired Teachers
May 12, 2009
This letter from the CBC urges the Governor to veto A4628, a bill that would renew the provision that prohibits school districts from reducing the health insurance benefits offered to retirees unless the changes are approved by the local teachers union.
Testimony
Taxes
Testimony on NY State Tax System
Delivered to the Senate Committee on Budget and Tax Reform
March 12, 2009
This testimony emphasizes two key points about New York’s personal income tax (PIT) and offers a framework for thinking about tax reform in the current fiscal context: 1) New York’s PIT is progressive, but its overall tax structure is not; and 2) New York’s economic competitiveness should be an important factor in considering changes to its tax rates.