Recent Confusion over the MTA’s Financial Condition and What to Do About It

Oct 11, 2013
In the past two weeks the State Comptroller released the office’s annual review of the Metropolitan Transportation Authority’s (MTA) financial outlook and the New York Times’ “Room for Debate” featured four contributions addressing “Is there any hope for NYC Transit?” The mix of fact and opinion in these writings may leave many readers more confused than enlightened.

CBC Elects New Trustees

Oct 10, 2013

The Citizens Budget Commission (CBC) today announced 16 new trustees have been elected over the past 10 months. CBC’s trustees play an essential role in the work of the Commission, providing crucial support by, among other things, informing and guiding research

Challenges Facing the Next Mayor: A Series of Interactive Features

Oct 03, 2013

Each week preceding the mayoral election the Citizens Budget Commission will highlight an economic and fiscal challenge the next mayor will face with an interactive feature. 

CBC Reviews New York State’s First-Ever 10-Year Capital Plan

Sep 26, 2013

The Citizens Budget Commission today released a Policy Brief containing its assessment of New York State’s first-ever 10-year capital plan. The plan was released in June by the New York Works Task Force, appointed by Governor Andrew Cuomo and Legislative leaders to more effectively and strategically allocate New York’s capital investment funding.

Three Key Steps for Improving New York State’s New Statewide Capital Plan

Sep 26, 2013

The Citizens Budget Commission today released a Policy Brief containing its assessment of New York State’s first-ever 10-year capital plan. The plan was released in June by the New York Works Task Force, appointed by Governor Andrew Cuomo and Legislative leaders to more effectively and strategically allocate New York’s capital investment funding.

Find Ways to Attract Talent

Aug 12, 2013

CBC's Director of New York City Studies Maria Doulis pens an op-ed in the New York Times' Room for Debate on how the next mayor can achieve important economic development goals: more jobs, a more diversified industry mix, a larger middle class and enhanced entrepreneurship. 

The End of The Retiree Trust Fund

Jul 23, 2013
Today the members of the Financial Control Board (FCB) will meet to certify New York City’s Adopted Budget for Fiscal Year 2014 is balanced. As the FCB mentions in its report, the 2014 budget is balanced with $2.8 billion in surplus funds from fiscal year 2013 and $1 billion withdrawn from the Retiree Health Benefits Insurance Trust Fund.

Letter to the Port Authority Calling for an Improved Budget Process and More Transparency

Jul 16, 2013

The CBC urged the Port Authority to improve its budget process and make it more transparent. The letter offered six recommendations to resolve these problems, such as long-term planning, regular reporting, and detailed budgeting

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