Fast Facts
  • $13.4b

    NYC capital commitment plan for FY2010, a record high

Featured Report

Better Benefits from Our Billion Bucks

Featured Video

Reform New York City Municipal Union Welfare Funds

Aug 05, 2010

CBC president Carol Kellermann pens an op-ed that advocates for the reformation of the taxpayer-supported municipal union welfare funds.

About Last Night: The Good News and the Bad

Aug 04, 2010

After months of discussion and rancor the Legislature last night passed the final piece of the budget for fiscal year 2010-11, which began April 1. The good news is that the plan partially addresses the current year deficit and helps with next year's.

Better Benefits from our Billion Bucks

Aug 03, 2010

Municipal government is a labor intensive activity. The City of New York and its related agencies have more than 362,000 full-time equivalent employees; of the City's $63 billion annual expense budget, more than 57 percent, or $36 billion, is allocated to employee compensation. Using this money effectively is critical to the City's fiscal health and efficient service delivery.

Testimony to the New York City Charter Revision Commission

Aug 02, 2010

CBC submits this testimony advocating against the use of formula budgets, also known as "independent budgets", for particular agencies and offices.

Keeping the City from Falling Apart

Jul 29, 2010

With the city's 2011 operating budget recently approved -- and the $46 billion, five-year capital plan up for review in the coming months -- it is worth asking how well current budgets provide for repair and maintenance of our roads, bridges, tunnels, parks and other public infrastructure. The answer is disappointing.

Mind the Gap: Funding Repair and Maintenance of New York City Infrastructure

Jul 27, 2010

New York City's extensive public infrastructure creates an important and expensive responsibility on the part of public officials to repair, maintain and enhance these assets. Generally, regular maintenance is funded in the City's operating budget, while repairs and improvements are funded in the capital budget.

Letter to the Governor on Benefit Sweeteners for State and Local Employees

Jul 22, 2010

The fiscal realities of the time have not deterred the Legislature from advancing dozens of bills enhancing benefits for State and local employees and retirees. The CBC has been tracking the progress of 25 of these bills on its annual Sweetener Scorecard.

The City’s FY 2011 Budget: The Buck Stops Here

Jul 13, 2010

In June the New York City Council voted to approve New York City's budget for fiscal year 2011. The Mayor and the City Council should be commended for passing a budget that responsibly deals with difficult financial realities without raising taxes and by achieving recurring savings of over $1 billion in agency spending.

Letter to the Charter Revision Commission Against Charter-Mandated Budget Formulas for Certain City Agencies

Jul 08, 2010

The Charter Revision Commission's comprehensive assessment of the structure of city government has prompted a debate about the desirability of providing formula budgets, often referred to as "independent budgets", to particular agencies and offices.

Rent Regulation Is a Terrible Tax

Jul 07, 2010

The push to continue rent regulation is fueled by far more populist rhetoric than economic reason. As a corrective, a new report by the Citizens Budget Commission reveals some startling facts about the current system.

A Preliminary Analysis: Is the Budget Balanced?

Jun 30, 2010

To help fill in some of the details that have been missing during the budget battle the past few weeks, the Citizens Budget Commission has tallied the impact of both the legislative actions taken already and those expected to be taken to close the $8.6 billion budget gap.

Sickening 'Sweeteners'

Jun 29, 2010
Pension contributions this year will cost the state government alone $1.7 billion in fiscal year 2010-11 -- an amount already set to grow 85 percent, to $3.2 billion, by 2014. How much higher must it go before the Legislature puts the taxpayers ahead of special interests?

The Beginning of the End of Balanced Budgets for New York City?

Jun 24, 2010

What ought to be considered a dramatic reversal of a highly praised policy has been buried in an arcane legal change made by the State Legislature at the request of Mayor Michael Bloomberg.

Not so sweet

Jun 21, 2010

While the State and local governments struggle to pay for current salaries and fringe benefits of public employees and to fully fund the pension system for retirees - resorting to a "borrowing" scheme to stretch out required payments - the State Legislature has remained undeterred in intro

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