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Report
City Budget
The City's Budget Gap Since 9/11
Factors That Caused It, and Plans to Close It
March 03, 2003
This report identifies the causes of New York City’s unprecedented budget gap for fiscal year 2003-2004 and recommends solutions to close it.
Press Release
State Budget
CBC Releases Strategy for Closing NYS Budget Gap
May 22, 2020
CBC released a report outlining the hard choices NYS leaders should make to close the FY 2021 budget gap.
Letter
State Budget
Groups Urge State to Release a Specific Plan for Closing FY 2020-2021 Budget Gap
September 23, 2020
We write to urge you to release a specific and detailed plan for closing New York State’s fiscal year 2020-2021 $9 billion budget gap.
Report
Economic Development
Managing Economic Development Programs in NYC: Lessons for the Next Mayor From the Past Decade
The Most Important Economic and Fiscal Decisions Facing the Next Mayor
December 06, 2013
This paper describes the economic development programs used in New York City and assesses the experience during the Bloomberg Administration in order to provide suggestions for further improvements by the next Mayor.
Statement
City Budget
CBC Calls for Greater Savings to Address Looming NYC Budget Gap
March 24, 2020
Responding to the pandemic and the economic crisis it has triggered will have a significant impact on NYC’s finances in both the near and long term.
Letter
Education
CBC Encourages Governor Cuomo to Approve Bill on Preschool Special Education Program Providers
July 02, 2013
In a letter to Governor Andrew Cuomo, the CBC urges approval of A7302-A/S5568-A, which will improve the oversight of preschool special education program providers.
Blog
Taxes
Let a Sleeping Tax Lie
New York Should Reject Proposals to Reinstate the Stock Transfer Tax
November 09, 2020
If the rebate were eliminated, essentially putting the tax back into effect, New York would become the only state to impose such a tax on the sale and transfer of stock.
Blog
City Budget
FY2021 Agency Budget Realities
Increases vs. Decreases in City-Funded Spending
September 22, 2020
The City will likely need to implement additional savings programs in fiscal year 2021, as well as to identify savings to close the $4.2 billion gap in fiscal year 2022.
Blog
State Budget
Flipping the Switch
Difficult Fiscal Decisions Compound as State Shifts from Spending Growth to Cuts
July 15, 2020
Flipping the switch from robust spending growth to spending cuts will require making significant hard choices to balance the budget and reduce future fiscal gaps.
Statement
City Budget
Statement on the NYC Fiscal Year 2021 Executive Budget
April 16, 2020
While the City is to be commended for balancing the budget without tax increases or borrowing, it has used a short-term strategy that leaves a significant gap in FY 2022.
Report
State Budget
New York State's Hard Choices
Next Steps to Address Fiscal Stress
May 22, 2020
Applying the CBC" Hard Choices Framework shows the State has options that would not require such steep cuts to balance the FY 2021 budget and reduce future gaps.
Statement
City Budget
Statement on the NYC November 2020 Quarterly Modification to the Financial Plan for Fiscal Years 2021-2024
November 23, 2020
The City needs to close the $3.8 billion fiscal year 2022 budget gap in the Preliminary Budget for Fiscal Year 2022, due in January 2021.
Letter
Taxes
CBC Recommendations to the New York State Tax Relief Commission
November 26, 2013
This letter to the NYS Tax Relief Commission includes cautions about the State's ability to commit to large new property tax relief programs, and recommendations for providing better relief with the $4 billion the State spends on current programs.
Blog
Taxes
Getting Into the Weeds About Potential Recreational Marijuana Revenues
November 16, 2020
State leaders should be cautious about relying on these potential revenues to help close budget gaps.
Blog
State Budget
2020 Vision
A Four-Pronged Approach to Focus on a Balanced, Transparent State Budget
January 09, 2020
As New York State aims to remedy the current year deficit and close next year’s budget gap, State leaders should be striving to prepare the State for the future.
Blog
City Budget
NYC FY2021 Adopted Budget
Short-Term Balance, Long-Term Challenge
July 21, 2020
After tense negotiations and a close vote ending early morning July 1, the City adopted an $88.2 billion budget for fiscal year 2021.
Testimony
Education
Testimony on Education Proposals in Executive Budget for Fiscal Year 2021
Submitted to the New York State Joint Legislative Budget Hearing on Elementary and Secondary Education
February 10, 2020
The Executive Budget increases aid more than is needed to fund an SBE at a time when the State is proposing to close significant gaps.
Statement
City Budget
Statement on the NYC Fiscal Year 2021 Preliminary Budget
January 16, 2020
The budget presented today holds the line on new spending programs. However, it misses the opportunity to further improve the City’s preparedness for looming risk.
Report
Education
The Challenge of Making Universal Prekindergarten a Reality in New York State
October 23, 2013
Is the expansion of pre-k programs to all three- and four-year-olds in New York worthwhile and cost effective?
Blog
Health Care
Maintaining Momentum on Medicaid Redesign
March 27, 2020
To ensure a sustainable Medicaid program that can help New Yorkers most in need in the future, the Executive and Legislature should continue the course correction started by the MRT, especially as they enact a budget during these troubled times.