Capital Planning

"By promoting financial and ethical responsibility for all elected officials and committing to meaningful change, Citizens Budget Commission has enriched our democratic society and the quality of life for all citizens."
State Comptroller Thomas P. DiNapoli

Fast Facts

$19k

Spending per pupil in New York State in 2009-10.

Featured Event

78th Annual Award Dinner Honoring Lawrence H. Summers

Blog entry

What About Debt Service?

Feb 23, 2010

Given the fiscal pressures on the City, what does Mayor Michael Bloomberg plan to do to cut debt service? Debt service, the payment of interest and principle due on long-term borrowing, has been growing rapidly under his tenure. Since it is tied to the size of the capital plan, it can only be controlled by reducing the level of capital investment that is supported with borrowing.

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Report Summary

Working in the Dark: Implementation of the MTA's Capital Plan

Oct 20, 2009

This analyzes the MTA’s effectiveness at managing its five-year capital plans. It does so by examining the capital projects scheduled by the MTA for work in the three-year period from January 2005 to December 2007.

Presentation

Working in the Dark: A Presentation on the MTA's Capital Plan

Oct 20, 2009

A presentation given by CBC Executive Vice President Charles Brecher that reviews the findings of the CBC's Report Working in the Dark: Implementation of the MTA's Capital Plan.

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Report

Working in the Dark: Implementation of the MTA's Capital Plan

Oct 20, 2009

This report analyzes the MTA’s effectiveness at managing its five-year capital plans. It does so by examining the capital projects scheduled by the MTA for work in the three-year period from January 2005 to December 2007.

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Press Release

CBC Issues Report on the MTA’s Effectiveness at Managing its Capital Plans

Oct 20, 2009

CBC released today a new report on the MTA’s effectiveness at managing its five-year capital plans. The report is especially timely, since a new five-year plan is being developed for the 2010-2014 period.

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Video

Working in the Dark: A CBC Forum on MTA Capital Planning

Oct 20, 2009

Jay Walder (Clip 1)

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Testimony

Testimony for a Hearing before the NYS Senate Finance Committee on the Critical Challenges Facing the MTA This Year

Sep 03, 2009

Testemony of CBC President Carol Kellermann to the New York State Senate Finance Committee regarding the MTA and the critical challenges that will face the MTA in the coming years. These challenges include balancing the MTA's operating budget, financing new capital investments, and planning and implementing capital projects.

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Letter

Letter to the Mayor, Speaker, and Chairman of the Finance Committee outlining a new fiscal strategy for the City's FY2010 Budget

Jun 10, 2009

This letter from the CBC outlines a new fiscal strategy that would address the structural imbalance in the City's budget for fiscal year 2010. The key elements of the new fiscal strategy should be: 1) no new or higher taxes that harm prospects for economic recovery and growth; 2) reduce operating expenditures in ways that lower the cost of producing services rather than the availability o

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Press Release

CBC Urges the Mayor, Speaker, and Chairman of the Finance Committee to adopt a new fiscal strategy for the City's FY2010 Budget

Jun 10, 2009

The CBC outlines a new fiscal strategy that would addres the structural imbalance in the City's budget for fiscal year 2010.

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Testimony

Testimony for New York City Council Infrastucture Taskforce

Feb 16, 2008

This testimony discusses a report on the condition of the City's infrastructure and the nature of the City's capital planning process. The City has a ten-year capital planning process, unique among most other state and local governments. This 10-year process, however has become inadequate to assess and address the City's infrastructure needs.

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