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Blog
Transportation
Getting the Pricing Right
Six Recommendations for Congestion Pricing
July 28, 2021
As the Traffic Mobility Review Board considers its recommendations and the Triborough Bridge and Tunnel Authority determines the policies and implements the program, they should follow six recommendations
Blog
State Budget
NYS Should Not Borrow for Operations Without Spending Restraint, Fiscal Stability Plan, Enhanced Oversight, and Transparency
February 10, 2021
Using long-term debt to fund operations can be a tempting way to close budget gaps, but it should be a last resort.
Statement
City Budget
CBC Statement on NYC’s November 2021 Financial Plan for Fiscal Years 2022 to 2025
November 30, 2021
While the plan reduces the budget gaps to $2.9 billion for next year, $2.7 billion in fiscal year 2024, and $2.1 billion in fiscal year 2025, in reality the gaps are about $750 million higher annually because the plan includes illusionary labor and attrition savings.
Statement
State Budget
Statement on the Release of New York State’s Financial Plan “July Update”
September 15, 2021
This morning, New York State released its long-awaited First Quarter Financial Plan Update.
Statement
City Budget
Statement on the NYC Executive Budget for Fiscal Year 2022
April 26, 2021
The Executive Budget for Fiscal Year 2022 includes some commendable components but essentially fails to leverage the historic opportunity enabled by federal aid, state education support, and higher tax revenue to both provide essential services now and stabilize the City’s fiscal future
Blog
City Budget
The Giant Slice: Legacy Costs in the New York City Budget
May 09, 2013
“Legacy costs” will claim almost 25 percent of the budget by fiscal year 2015 – leaving fewer dollars for other budget priorities.
Statement
City Budget
Statement on the NYC Adopted Budget for Fiscal Year 2022
June 30, 2021
Despite fiscal year 2021 tax revenues being $2.1 billion more than previously expected and $15 billion in additional federal aid, the budget hamstrings the next Administration with sizable future budget gaps.
Press Release
CBC News
Watchdog Groups Urge Governor and Legislature to Make Budget Cuts Transparent and Not Enact Extraordinary Executive Budget Powers for Fiscal Year 2022
March 10, 2021
Seventeen major New York State watchdog groups are asking Governor Andrew Cuomo, Senate Majority Leader Andrea Stewart-Cousins, and Speaker Carl Heastie to disclose full details about State funding withheld from agencies and local governments in the State’s current fiscal year 2021.
Video
CBC News
Managing NYC’s Fiscal Crisis
A CBC Mayoral Candidate Forum
February 25, 2021
Managing the City’s fiscal crisis well will be a critically important duty of the next Mayor and a primary determinant of how the city survives the current crisis, and ultimately thrives in the future.Managing NYC’s Fiscal Crisis: A CBC Mayoral Candidate Forum featured a 10-minute conversation with each candidate, in succession, and allowed them to explain their specific plans to manage the crisis, answered targeted questions from CBC on the fiscal feasibility and implications of their proposals, and identified positions on key issues in a lightening round.
Statement
City Budget
CBC Statement on the NYC Preliminary Budget for FY2022
January 14, 2021
Citizens Budget Commission (CBC) President Andrew S. Rein released this statement on the New York City Preliminary Budget for Fiscal Year 2022:
Special Feature
City Budget
Jobs Recovery Sluggish
The COVID-19 Recession is Different
November 04, 2021
NYC private-sector employment data show how the City’s economy has grown and changed since the 1990s and provide significant insight into how the City is faring during the COVID-19 pandemic and recession. CBC will be updating the figures and data quarterly to track the City’s recovery.
Testimony
City Budget
Testimony on Preliminary Report on New York City Property Tax Reform
Submitted to the New York City Advisory Commission on Property Tax Reform
June 16, 2021
CBC and many New Yorkers have called for reform of the City’s byzantine and unfair property tax system for decades.
Report
Transportation
The Track to Fiscal Stability
Operations Reforms for the MTA
May 25, 2021
Given the implementation challenges, saving the full $2.9 billion by 2024 may not be likely. Still, significant changes should be pursued—and achieved—if the MTA is to be on a fiscally sustainable path.
Presentation
State Budget
Overview of the Fiscal Year 2022 Enacted Budget
September 01, 2021
This presentation provides an overview of the State’s fiscal condition over the past 18 months, and identify priority issues going forward.
Letter
Pensions & Benefits
CBC Urges Veto of 21 Benefit Sweeteners
A Letter to the Governor
October 04, 2021
CBC urges you to veto S4719A/A1414A, as well as 20 other bills when they are delivered to you.
Blog
Public Workforce
Why Spend to Save?
Early Retirement Incentives Save Less than Attrition
January 28, 2021
ERIs are a more costly workforce reduction strategy than attrition or layoffs.
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
Transportation
What to Look for in the February Update to the MTA’s Financial Plan
February 17, 2021
Further actions will be needed to stabilize the MTA’s finances in the long term.
Blog
City Budget
Five Fast Facts about the NYPD’s Adopted FY 2022 Budget
July 15, 2021
The more than $10 billion in planned annual spending on the NYPD continues to garner significant attention. NYC’s recently adopted FY 2022 Budget has five important takeaways.
Blog
Public Workforce
Early Retirement Incentives
Weighing the Risks for State and Local Governments
February 22, 2021
In light of the City’s fiscal stress and the availability of other options to balance the budget, the City should reduce its workforce through attrition and not pursue the ERI.