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Video
City Budget
Following the Money
NY1
April 26, 2018
Errol Louis analyzed Mayor de Blasio’s $89 billion budget with Maria Doulis of the Citizens Budget Commission and Nicole Gelinas of the Manhattan Institute
Letter
State Budget
Significant Impacts the Tax Cuts and Jobs Act on the Residents and Revenues of New York State
Letter to Governor Cuomo
March 20, 2018
I write to convey the Citizens Budget Commission’s findings about the significant impacts the Tax Cuts and Jobs Act (TCJA) will have on the residents and revenues of New York City and New York State and recommended steps needed to address these problems.
Letter
Taxes
Significant Impacts the Tax Cuts and Jobs Act on the Residents and Revenues of New York City
Letter to Mayor de Blasio
March 20, 2018
I write to convey the Citizens Budget Commission’s findings about the significant impacts the Tax Cuts and Jobs Act (TCJA) will have on the residents and revenues of New York City and New York State and recommended steps needed to address these problems.
Video
Taxes
How Bad Is It? Implications of the Federal Tax Law for NY
Special Half-Day Conference
January 24, 2018
The federal tax overhaul passed last month may have enormous impacts in New York. What can we expect and what are the best responses?
Report
State Budget
The Palisades Principles Revisited
A Progress Report
June 04, 2005
CBC reviews New York State’s progress on the 10 principles of budget reform known as the Palisades Principles. These 10 principles emerged from a statewide conference of civic and business leaders held in November 2003 in Palisades, NY. Of the 10 principles, four have shown no progress, five have shown some progress, and only one has shown significant progress.
Blog
Transportation
Tsk-tsk on Governor’s TIF Proposal
February 02, 2018
The FY 2019 Executive Budget proposed to allow the MTA to create tax increment financing districts in NYC to raise revenue for capital improvements. Though TIFs can play a useful role, the proposal is flawed.
Testimony
Taxes
New York City Property Tax Reform
Testimony Submitted to the New York City Advisory Commission on Property Tax Reform
November 27, 2018
CBC makes recommendations for property tax reform to fix problems with transparency and equity of the system.
Report
City Budget
Short-term Goals for Long-term Debt
Time to Prioritize Reducing New York City’s Liabilities
September 18, 2018
Paying down the City's debts should be a greater priority.
Op Ed
Economic Development
New York needs better return on economic investments
Albany Times Union
January 17, 2018
While upcoming corruption trials may provide a revealing behind the scenes look at state operations, they should not distract from the pressing need to reform the state's approach to economic development in this legislative session.
Blog
State Budget
Don’t Get Too High on Potential Marijuana Revenues
December 13, 2018
There is significant revenue potential from the marijuana industry, but research suggests that many months or years of careful planning precede consistent revenues.
Blog
State Budget
Reallocate Settlement Payments to Boost Rainy Day Funds
July 09, 2018
NYS has wom more than $11 billion in litigation settlements since FY 2014-2015. The spending of some of the settlement funds have more merit than others, but one major shortcoming is that none of the funds were allocated to boosting reserves.
Blog
City Budget
PEGging Efficiency:
More Savings Needed Under Mayor de Blasio
March 05, 2018
Find out how Mayor de Blasio's savings plan stacks up against the savings found in Mayor Bloomberg's last three preliminary budgets.
Press Release
City Budget
CBC Recommends Budget Strategies for Mayor de Blasio's Second Term
January 26, 2018
In order to reach, and then sustain, budget stability in the Mayor’s second term, the budget should contain spending growth; build reserves; reduce the size of the capital plan and the cost of capital projects; and strengthen finances at NYCHA and NYC H+H.
Report
Economic Development
Economic Development Scorecard
2018 New York State Bill Tracker: May Update
May 08, 2018
New York State’s annual investment in economic development exceeds $4 billion, without sufficient disclosure of how the money is spent and what results are achieved.
Report
Economic Development
Economic Development Scorecard
2018 New York State Bill Tracker
April 26, 2018
Blog
City Budget
NYC Budget to Absorb $1 Billion in Additional Spending Due to State Actions
April 23, 2018
The upcoming City budget will have to contend with some sizable impacts from the recently-enacted State budget.
Press Release
Economic Development
Watchdogs Call on Assembly Speaker to Allow Vote on Database of Deals and Comptroller's Procurement Integrity Act
June 18, 2018
Bills that would increase transparency of state business subsidies and fairness of economic development contracts have already passed State Senate 62-0 and 60-2.
Op Ed
City Budget
How New York City Can Afford Fair Fares
Slowing the growth of the city’s workforce would provide the needed savings
April 16, 2018
The Fair Fares proposal can be accommodated within the city budget by exercising greater restraint in hiring and more aggressively tackling inefficiencies in its operations.
Blog
Capital Spending
Rightsizing and Right Timing New York City’s Capital Plan
March 14, 2018
Despite a pledge to collaborate with the City Council on a realistic Capital Commitment Plan, the City's overly ambitious proposal is neither realistic nor transparent.
Blog
Taxes
New York City Homeowners
Who's Got the Unfairest Tax Burden of Them All?
September 12, 2018
One of the basic principles of good tax policy is equity: similarly situated taxpayers should have similarly sized tax bills. New York City’s property tax system does not comport with this principle.