What NY Should Do With $4B

Jul 24, 2014
New York State will soon receive more than $4 billion in settlements from large financial institutions. It is an unprecedented windfall, coming from wrongdoing by banks, and it is rightly generating public discussion about what to do with the money.

An Update on Port Authority Budget Reform

Jul 23, 2014
Just over one year ago, on July 16, 2013, the Citizens Budget Commission (CBC) sent the executive director of the Port Authority of New York and New Jersey (PANYNJ) a letter with recommendations for improving the Authority’s budget process, with the goals of greater transparency, long-term financial viability, and public accountability for performance.

CBC Testimony before the MTA Reinvention Commission

Jul 16, 2014

CBC has become increasingly concerned with the MTA’s finances and service performance over the last decade and most recently issued a report, A Better Way to Pay for the MTA, in October 2012.

Where Do We Go From Here? Steering New York City’s Finances in Fiscal Year 2015

Jul 01, 2014
Today is the first day of fiscal year 2015. New York City’s $75 billion budget is the first to be crafted by Mayor Bill de Blasio and adopted by the City Council under Speaker Melissa Mark-Viverito’s leadership.  This blog post examines what’s new in the fiscal year 2015 budget and makes recommendations for steering the City’s finances over the next four years.

Five Benefit Sweeteners Pass in State Legislature

Jun 20, 2014
Five bills on CBC’s Benefit Sweetener Scorecard have passed both houses of the State Legislature. These bills are highlighted in red on the Scorecard.

Three Questions about 1,000 New Police Officers

Jun 19, 2014
As the New York City budget for fiscal year 2015 nears adoption, the City Council is negotiating with the Mayor to secure funding for its priorities, such as universal school lunches, legal services for evictees, and increased support for public libraries. One of the more expensive Council initiatives, at an estimated cost of almost $100 million annually, is the hiring of 1,000 new police officers to increase staffing at police precincts.

Benefit Sweeteners on the Move in State Legislature

Jun 16, 2014
Last week five bills on CBC’s Benefit Sweetener Scorecard passed one house of the State Legislature. The most expensive bill (A7862/S5644) was passed in the Senate and would increase pension benefits for SUNY police officers to half-pay after 25 years.
Sign up for our E-Alerts
Select multiple topics
Type the characters you see in this picture. (verify using audio)
Type the characters you see in the picture above; if you can't read them, submit the form and a new image will be generated. Not case sensitive.