Budget Reform

"Since its founding in 1932, the CBC has earned a reputation for independence and objective research. It is a leader in advocating for government reform."
NYS Attorney General Andrew Cuomo

Fast Facts

$65.5b

New York City unfunded OPEB (other post employment benefits) liability in 2009.

Featured Event

78th Annual Award Dinner Honoring Lawrence H. Summers

Press Release

CBC Statement on Lieutenant Governor Ravitch’s Financial Plan Proposal

Mar 16, 2010

The CBC issued the following statement on Lieutenant Governor Ravitch's financial plan proposal.

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Report

In The Danger Zone: A Comparative Analysis of New York State's Long-Term Obligations

Mar 09, 2010

A comparative analysis of the 50 states indicates that New York's debt burden is in a "danger zone;" it is well above national averages and greater than that of all but three states. As a result New Yorkers are currently paying about $5.6 billion in debt service, and in four years the state's credit card obligation will be over $7.1 billion or one of every ten dollars paid in taxes.

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Press Release

CBC Issues Report On New York State’s Debt Burden

Mar 09, 2010

CBC released a report on New York State's debt burden, which raises serious concerns about the existing levels of debt and comes at a time when the State is considering ways of addressing a budget gap of more than $9 billion.

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Testimony

Testimony before the Select Committee on Budget and Tax Reform on Improving Transparency, Forecasting and Flexibility in New York State's Budgetary Process

Dec 17, 2009

In this testimony the CBC assessed the effectiveness of provisions in the New York State Budget Reform Act of 2007

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Op-Ed

New York Must Slash Spending: It's the State's Only Way Out of this Huge, Growing Budget Hole

Oct 15, 2009

This op-ed explains that the state can no longer tax and borrow its way out of the current economic crisis and remain competitive as a place to live, work and do business. Spending cuts are required, and they won't be easy.

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Video

CBC Comptroller Candidates Forum, 2009: "The Buck Stops Here"

Sep 09, 2009

David Weprin (Opening Statement)

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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 Outlines New Fiscal Strategy For City’s FY2010 Budget

Jun 10, 2009

Carol Kellermann, President of the CBC, wrote the following letter to Mayor Michael Bloomberg, Speaker Christine Quinn, and Council Finance Chairman David Weprin outlining a new fiscal strategy that would address the structural imbalance in the City’s budget for fiscal year 2010.

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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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Press Citation

Some Grit From Gov. Paterson - Finally! Veto Pen Gets Clueless Pols' Attention

Jun 05, 2009

Daily News

Bill Hammond

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