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Letter
State Budget
Recommendations for Legislative Action on the Fiscal Year 2024 NYS Executive Budget
Letter to the State Legislature
March 11, 2023
Our state’s competitiveness to attract and retain residents and businesses may well be more threatened now than any time in the last 50 years.
Report
Taxes
How Much Do Taxes Matter?
A Citizens Budget Commission Panel Discussion
December 11, 2006
In this background paper prepared for a panel discussion "How Much Do Taxes Matter? New York City's Tax Burden and Economic Competitiveness," which was convened by CBC on December 11, 2006, Elizabeth Roistacher, professor of economics at CUNY Queens College, summarizes the econometric literature that tries to model the relationship between tax levels and economic growth.
Press Release
CBC News
CBC Releases "Spending In Perspective" and "PEGs In Perspective"
May 23, 2023
As City Council Executive Budget hearings wrap up, signaling the next stage of New York City budget negotiations, the CBCs two new releases, Spending in Perspective and PEGs in Perspective, reveal that:
Blog
State Budget
What to Look for in New York State’s New Year
January 09, 2023
The State enters a new Legislative session and a new gubernatorial term in less favorable fiscal condition than a year ago and with threatening economic headwinds.
Report
Energy & Environment
Keys to a Cap-and-Invest Design That’s Earth- and Economy-Focused
Recommendations for a Cost-Effective Program to Meet New York's Ambitious Climate Goals
November 28, 2023
While NYCI provides a great opportunity to reduce emissions in a cost-effective manner and fund critical investments strategically, its success depends on it being well designed and implemented.
Video
Transportation
Conversation with the MTA's Janno Lieber and Jamie Torres-Springer
A CBC Event
December 13, 2023
MTA Chair and CEO Janno Lieber and MTA Construction & Development President Jamie Torres-Springer to discuss a wide range of issues facing the MTA.
Podcast episode
City Budget
$4.3 billion, with NYC Budget Director Jacques Jiha
June 09, 2023
$4.3 billion is the Adams' Administration's estimate of the cost to house and provide services to asylum seekers this and next year. But that is only a small portion of the City's fiscal challenges. NYC Budget Director Jacques Jiha joined the CBC to discuss the fiscal year 2024 Executive Budget, negotiations with the City Council, future budget gaps, efforts to improve the City's management and more.
Press Release
CBC Releases "7 Facts About the NYC Department of Buildings"
April 25, 2023
The NYC Department of Buildings (DOB) is critical to ensuring the safety of the city’s buildings and construction, supporting development through efficient permitting and plan review, and enforcing compliance with building and zoning codes.
Blog
State Budget
CBC’s New York State Budget Priorities
Fiscal Year 2024
January 30, 2023
Resources available in the near term should not cloud the State’s significant fiscal and economic risks, and the need to stay competitive for residents and businesses.
Op Ed
City Budget
New York Is Teetering on a Fiscal Cliff
Crain’s New York Business
November 07, 2023
Fiscal stability underpins the city’s ability to provide core services to New Yorkers and is fundamental for economic growth.
Podcast episode
Economic Development
4.67 million, with Andrew Kimball
October 05, 2023
4.67 million is the total number of jobs in New York City, just shy of employment pre-pandemic. Though the economy is stable and employment generally strong, challenges remain. The economy is undergoing longer term transformation including remote work, which will affect our labor market and commercial real estate, and the City faces proximate challenges with the influx of new migrants and asylum seekers. NYC EDC's President and Executive Director joined CBC to discuss the Administration’s economic growth strategy, projects ranging from Willets Point to SPARC Kips Bay, the green economy and offshore wind, soccer, ferries, and more.
Podcast episode
Transportation
$1.5 trillion, with the MTA's Janno Lieber and Jamie Torres-Springer
December 19, 2023
$1.5 trillion is the MTA’s total asset value—the trains, buses, yards, and stations...all the infrastructure moving New Yorkers round the clock. At a recent CBC event, MTA Chair and CEO Janno Lieber and President of Construction and Development Jamie Torres-Springer discussed congestion pricing, fare evasion, congestion pricing, state of good repair, the future of Penn Station, and more.
Report
State Budget
The Mid-Year Check-in
Six Takeaways from the NYS Financial Plan Update and Quick Start Budget Report
November 20, 2023
The fiscal news of the last three weeks makes one thing clear: This year’s budget process will be unlike those of recent years.
Report
State Budget
Making Hay While the Sun Shines
A Plan to Strengthen New York State’s Rainy Day Fund
June 28, 2023
Today we are left playing catchup with the threats of storm clouds looming on the horizon.
Blog
State Budget
Five Fast Facts About the New York State Fiscal Year 2024 Executive Budget
February 03, 2023
To start to unpack the fiscal drivers and implications, CBC starts with five fast facts.
Press Release
CBC News
Pro-homes Advocacy Groups Across New York State Form ‘New York Neighbors’ Coalition
January 31, 2023
New York Neighbors is the first statewide pro-homes coalition of its kind, prioritizing a menu of policies to increase housing supply and produce affordable homes to tackle the state’s debilitating housing shortage.
Press Release
CBC News
CBC Releases Testimony on the Residential Conversion of Commercial Buildings
February 28, 2023
CBC will testify on the potential for converting commercial buildings to residential use.
Report
Education
Striking a Balance
Financing Education Reform in the Most Heavily-Taxed State
November 01, 2006
Following up on its previous research on the issues surrounding the State Court’s decision in the Campaign for Fiscal Equity case, CBC hosted two expert panel discussions focusing on key issues in education finance reform. This brief recounts the proceedings from the second of those discussions, which took place on April 27, 2006. The discussion focused on responsibly generating revenues to fund the Court’s mandate, thinking about other changes needed to accomplish reform, and developing the role of the business community in seeing reform across the finish line.
Press Release
CBC News
The Citizens Budget Commission Presents Awards for Public and Civic Service at 91st Annual Gala
February 16, 2023
At its 91st Annual Gala this evening CBC will honor Governor Kathy Hochul with its 2023 Medal for High Civic Service, and Stephen Berger with its 2023 Felix G. Rohatyn Award.
Statement
State Budget
Statement on Governor Hochul's 2023 State of the State Address
January 10, 2023
The State of the State presented an expansive menu. We now await the Executive Budget to see the bill.