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Press Release
CBC News
CBC Releases "Real Numbers, Real Choices"
April 18, 2024
Real Numbers, Real Choices details that the Mayor’s Executive Budget—due next week—should give a more accurate picture of the City’s fiscal standing to foster budget choices that stabilize the fiscal future. Making budget decisions based on unrealistic estimates increases the chances of a future fiscal reckoning.
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.
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:
Op Ed
City Budget
Fed aid is a bridge; stable shore needed: American Rescue Plan good for NYC only if used prudently
New York Daily News
March 13, 2021
The American Rescue Plan will not only provide tremendous support to individuals, families, businesses and organizations, but can be a game-changer for New York state and city government. Success, however, is far from guaranteed.
Press Release
CBC News
CBC Awards Prize for Public Service Excellence to NYC’S Vaccine Command Center
Annual Prize Celebrates Government Achievement
October 12, 2021
Awards Ceremony, including presenting the Medal for High Civic Service to U.S. Secretary of Transportation Pete Buttigieg and Felix G. Rohatyn Award to Former Deputy Mayor Alair Townsend, to be Streamed Live Tonight from 6:00 p.m. to 7:00 p.m. via Zoom
Letter
Energy & Environment
CBC Letter to Inform City Council Oversight Hearing on Building Electrification
Recommendations on Local Law 97 Implementation
November 17, 2021
Local Law 97 of 2019 set limits on the annual greenhouse gas (GHG) emissions of most buildings larger than 25,000 square feet in New York City
Letter
State Budget
Groups Urge Full Transparency of Budget Cuts and to Omit Special Budget Powers in FY 2022 Enacted Budget
A Letter to the Governor and Legislature
March 10, 2021
We write to follow up on our December 21, 2020 letter that requested increased transparency on State spending reductions and withholdings implemented during fiscal year 2021.
Testimony
Transportation
Testimony on the MTA’s Finances and Operations
Testimony before the Senate Standing Committee on Corporations, Authorities and Commissions; and the Senate Standing Committee on Transportation
September 29, 2021
The MTA is facing a long-term structural deficit of approximately $2.7 billion annually, meaning its recurring income from fares, tolls, and other sources will be roughly $2.7 billion less than the recurring expenditures needed to run the system.
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.
Report
Energy & Environment
Balancing Incentives to Maximize Emission Reduction
Recommendations on Local Law 97 Implementation
August 26, 2021
To meet LL97’s emissions reductions goals most cost-effectively, DOB, in consultation with the advisory board, should tailor the policy and compliance rules to provide building owners the most cost-effective compliance paths.
Blog
Public Workforce
We Fund the Police
How Much? What Has Changed?
June 15, 2021
Few fiscal realities are the subject of as much public attention as the size of the NYPD budget.
Op Ed
City Budget
Taking Control of New York’s Budgetary Future
Vital City
January 25, 2024
Budget season kicked off with an Albany-New York City doubleheader last week, with brightening skies in both places thanks to proactive efforts to cut costs (especially in the city) and a resilient economy that is bringing in higher-than-projected tax receipts.
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.
Report
City Budget
NYC's Already High Spending Keeps Climbing
February 22, 2024
Despite the pandemic, recession, and multiple rounds of PEGs, City-funded spending is slated to increase 22.6 percent between fiscal years 2019 and 2025.
Statement
State Budget
Statement on Late NY State Budget for FY 2025, Need for Another Extender
April 11, 2024
Late budgets should still be good budgets. This final stretch should be short and produce a budget that is good for New Yorkers now and in the long run.
Blog
State Budget
And State Spending Growth Resumes
Buoyed by Revenue Strength and Federal Aid
March 26, 2021
Governor’s Fiscal Year 2022 Executive Budget proposes to increase State Operating Funds spending an average of 3 percent per year over the next four fiscal years.
Video
CBC News
Comptroller Candidate Forum
Accountability, Not Just Accounting
May 04, 2021
The next New York City Comptroller will play a critical role not only in holding the next Administration and agencies accountable, investing and managing five pension funds with $248 billion in assets, and partnering in $13 billion City debt issuance, but also in spotlighting and promoting New York City’s fiscal health during and after the economic recovery. CBC's "Comptroller Candidate Forum: Accountability, Not Just Accounting" featured 13-minute conversations with each of the six leading candidates, in succession, allowing candidates to share their vision for the office, answer targeted questions from CBC about how they will use the office’s powers, and identify positions on key issues in a lightning round.The video was lightly edited to remove technical glitches. The content of the conversation was preserved in its entirety.
Press Release
CBC News
Spotlight on Spending
PEG Cancelation Makes City Budget Transparency More Critical; State Should Continue to Level Off Spending Growth
February 22, 2024
When it comes to government spending, New York’s trajectory over the past several years is precariously on-brand with the “Excelsior” state motto.
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.
Letter
State Budget
Recommendations for Legislative Action on the FY2022 NYS Executive Budget
Letter to the State Legislature
March 01, 2021
Prudent use of federal aid would allow the State not only to close the near-term gaps, but stave off the most serious cuts and improve the State’s long run fiscal stability.