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Report
Transportation
Financing Transportation Services in the New York Region
March 28, 2004
This report examines the financing policies for passenger transportation services in the New York-New Jersey metropolitan area. Included are 25 entities consisting of the states of New York and New Jersey, the Port Authority, the MTA, New Jersey Transit, four additional authorities operating or financing toll roads, the City of New York, and 15 counties.
Testimony
Housing
Testimony on the New York City Housing Authority and the City’s Preliminary Fiscal Year 2025 Budget
New York City Council Committee on Public Housing
March 12, 2024
Many critical steps should be taken quickly to stabilize NYCHA’s budget and improve physical conditions.
Testimony
City Budget
Testimony on Public Safety Preliminary Budget Hearing
Submitted to the City Council Committee on Public Safety
March 20, 2024
CBC recently released “Straight from New Yorkers,” our 2023 Resident Survey, which provides a comprehensive, statistically valid, post-pandemic view into how New Yorkers feel about the quality of life in the city and how they rate government services.
Testimony
City Budget
Testimony on NYC Fiscal Year 2025 Preliminary Budget
Submitted to the New York City Council Finance Committee
March 04, 2024
CBC’s analysis finds that the Preliminary Budget presents balanced budgets for fiscal years 2024 and 2025 as required by law; however, proposed spending in fiscal year 2025 is short by $3.6 billion needed to continue the current level of services.
Podcast episode
Housing
1.4%, with Vicki Been
May 02, 2024
1.4% is NYC’s current—and historically low—apartment vacancy rate. New York City and State are in the throes of a housing crisis caused by decades of underproduction. To discuss the latest housing policy news affecting both NYC and the state, we’re joined by national housing expert Vicki Been, professor at NYU's Furman Center and former NYC Deputy Mayor for Housing and Economic Development.
Report
City Budget
Checklist for NYC Fiscal Year 2025 Budget Adoption
Strengthening the City’s Fiscal Health and Competitiveness
May 22, 2024
The City Council will wrap up its Fiscal Year 2025 Executive Budget hearings this week, kicking Administration and Council budget negotiations into high gear.
Report
Education
Promoting Accountability in New York State
November 29, 2004
CBC calls for a new accountability system for education spending to be developed in conjunction with the Campaign for Fiscal Equity settlement to ensure that new money, as well as old money, is spent effectively.
Podcast episode
Energy & Environment
85%, with Doreen Harris and Basil Seggos
January 26, 2024
85% is the amount New York State must reduce greenhouse gas emissions by 2050. The State’s Cap-and-Invest program is a key strategy to cap and reduce emissions, auction emission rights, and invest proceeds in energy transition. Doreen Harris, President and CEO of NYS Energy Research and Development Authority, and Basil Seggos, Commissioner of NYS Department of Environmental Conservation, joined CBC to discuss Cap-and-Invest, and much more.
Podcast episode
Education
$39.5 billion, with Chancellor David Banks and Emma Vadehra
March 05, 2024
$39.5 billion is spent by NYC annually to educate our students. The New York City Public Schools has an enormous and challenging task: educate and develop 900,000 students from a wide diversity of backgrounds and needs. Are we getting the return we need on our dollars? How are our students doing? NYC Schools Chancellor David Banks and Deputy Chancellor and Chief Operating Officer Emma Vadehra discuss.
Video
State Budget
Conversation with Blake Washington, NYS Budget Director
A CBC Event
February 15, 2024
Blake G. Washington is the Budget Director for the State of New York, and he joined CBC Trustees for an in-depth look at the State’s fiscal picture.
Report
Economic Development
Encouraging Small Business Success in New York City and Northern New Jersey
What Firms Value Most
July 29, 2005
This survey of small businesses in New York City and Northern New Jersey finds that these businesses broadly agree on the three most important factors to success: 1) Overall cost of business; 2) Proximity to clients and markets; and 3) Access to a skilled labor force.
Report
City Budget
Unpacking the PEG
Examining the Impact of the NYC November 2023 Financial Plan Savings
January 10, 2024
Agencies should continue to identify efficiency savings that do not affect critical program services.
Report
Education
Tax Revenue Options
November 28, 2004
CBC reviews revenue options to best pay for the Campaign for Fiscal Equity initiatives. CBC considers broadening the base of two taxes, sales and corporate income; raising rates on two existing statewide taxes, personal income and sales; and instituting a new statewide property tax.
Report
City Budget
Straight from New Yorkers
CBC Resident Survey Gives Comprehensive View of Satisfaction with Core City Services, Quality of Life
March 19, 2024
The CBC 2023 Resident Survey provides the most comprehensive, statistically valid, post-pandemic view into how New Yorkers feel about the City’s quality of life and how they rate City government services.
Blog
State Budget
What to Look for in New York State’s Fiscal Year 2025 Executive Budget
January 11, 2024
With Governor Kathy Hochul having delivered her State of the State address and the Legislature convened, attention in Albany now turns to the Fiscal Year 2025 Executive Budget—due in just a few days.
Video
CBC News
92nd Annual Gala
Videos, Photos, and Transcripts
February 29, 2024
CBC's Gala is a must-attend event for New York's business and civic leaders. The Citizens Budget Commission honored John C. Williams, President and CEO of the Federal Reserve Bank of New York, with the Medal for High Civic Service and Daniel L. Doctoroff was honored with the Felix G. Rohatyn Award.
Report
City Budget
Real Numbers, Real Choices
Recommendations for a Clearer Fiscal View in the NYC Executive Budget
April 18, 2024
New York City’s long-run fiscal stability is precarious, and its short-term prospects are uncertain. Major causes of this uncertainty are revenue estimates that may be unreasonably conservative and spending estimates for current programs that are alarmingly understated.
Report
Transportation
It’s Only Fair
Policies to Reduce Fare and Toll Evasion Are Critical to Transit Sustainability
April 02, 2024
In 2023, the cost to the MTA alone was more than $700 million, which evidence suggests is growing.
Statement
State Budget
Statement on State One-House Budget Proposals
March 12, 2024
The Legislature's one-house proposals shift the budget discussion in the wrong direction. Both houses propose tax increases that would weaken New York’s already precarious competitive position.
Report
State Budget
Up and Away
State Budget Proposals Miss the Mark and Compound Fiscal Problems
March 26, 2024
As New York State lawmakers negotiate the State’s Fiscal Year 2025 Enacted Budget, they risk adding unsustainable spending, driving growth above 6 percent a year, and widening the structural gap to $20.3 billion.