"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
In recent weeks transit analysts and advocates have referred to the share of expenses for subway, bus or commuter train rides covered by the relevant fares (called “fare ratios”) to comment on and critique the MTA’s proposed fare increase options. Fare ratios as low as 36 percent and as high as 76 percent have been cited.
The CBC today announced 19 new trustees have been elected over the past eight 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.
In testimony delivered to the MTA by President Carol Kellermann, the CBC recommended three ways to improve revenue generation and suggests several fare-related adjustments to support finances and enhance services.
CBC President Carol Kellermann pens an opinion piece for the Huffington Post on the importance of creating a new approach to financing the MTA. The op-ed is premised on our latest MTA report, "A Better Way to Pay for the MTA"
CBC President Carol Kellermann pens an opinion piece on the Huffington Post on how New York State's education dollars are spread inequitably among school districts and spent disproportionately on employee benefits, not on improving the quality of education.
This year New York will allocate $762 million in economic development funds through the recently created Regional Economic Development Councils. Although the Councils have improved the effectiveness of the funding within their purview, they still control only a fraction of total economic development spending and their review process still leaves room for improvement.
The MTA plays a vital role in New York City's economy. More than 70 percent of the 3.7 million people who enter New York City’s central business district on a typical weekday come by mass transit. Of those using mass transit, 83 percent or 2.1 million rely on the MTA’s commuter rail, subway or bus services.