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Statement
City Budget
Statement on the NYC Program to Eliminate the Gap (PEG) for the November 2022 Financial Plan
September 12, 2022
This is a timely call that rightly focuses on increasing productivity to reduce recurring costs while preserving services that New Yorkers rely on.
Op Ed
City Budget
Eric Adams’ plan to eliminate NYC’s budget gap is very achievable — and desperately needed
New York Post
September 22, 2022
The best way to protect New York’s future is to stabilize the budget and prioritize and better manage critical services.
Report
City Budget
PEG for Productivity
NYC's Fiscal Year 2023 Program to Eliminate the Gap
April 05, 2022
To increase the City’s fiscal stability and the quality of priority services, identifying and implementing efficiencies to reduce recurring costs without reducing services should be a high priority.
Blog
City Budget
What to Look for in the NYC November Modification
November 14, 2022
The modification is likely to be more substantial due to Mayor Eric Adams’ call for a Program to Eliminate the Gap, a rocky economy, and future gaps that could approach $10 billion.
Testimony
City Budget
Testimony on New York City’s Preliminary Fiscal Year 2023 Budget
Submitted to the City Council Committee on Finance
March 02, 2022
To truly set the City on a path to fiscal stability, the Administration should follow these preliminary steps with actions that substantively restructure how the City delivers services and manages its finances.
Testimony
City Budget
Testimony on the New York City November 2022 Financial Plan for Fiscal Years 2023 to 2026
Submitted to the New York City Council Committee on Finance
December 08, 2022
This November Plan demonstrated that while New York City’s short-term budget challenges are manageable, its long-term fiscal outlook is precarious.
Statement
State Budget
Statement on Economic Development Database and Film Tax Credit in the Fiscal Year 2023 Enacted Budget
April 08, 2022
For too long New York has been a leader in economic development spending, but not a leader in economic development program results.
Letter
State Budget
Recommendations for Legislative Action on the Fiscal Year 2023 NYS Executive Budget
Letter to the State Legislature
March 03, 2022
The Executive Budget commendably proposed a financial plan that is balanced over the next five years and builds significant reserves, which will be critical to stabilize New York during the next recession or emergency.
Blog
City Budget
A Budget Baker’s Dozen
13 Questions to Ask About NYC’s Preliminary Budget for Fiscal Year 2023
February 10, 2022
Mayor Adams’ first Preliminary Budget will provide an important opportunity to see how he intends to “get stuff done,” root out “waste, fraud, and abuse,” and promote a “People’s Plan.”
Op Ed
State Budget
Getting Our Money’s Worth from N.Y.
New York Daily News
November 29, 2022
With the election behind us, Gov. Hochul and the Legislature can now focus squarely on policies and programs that will shape the state’s future.
Statement
City Budget
Statement Regarding the New York City Fiscal Year 2023 Preliminary Budget
February 16, 2022
The City should take significant additional actions in the Executive and Adopted Budgets to make government more efficient, stave off the looming fiscal cliffs, and save for the inevitable next downturn
Report
Economic Development
Determining an Appropriate Buffalo Stadium Subsidy
Don't Just Wing It
March 21, 2022
New York does not have a good track record of demonstrating that its economic development programs yield benefits exceeding their costs.
Report
State Budget
Accounting (and More) for a Better Budget
Strategies to Improve New York State Budgeting and Fiscal Management
December 20, 2022
It is critically important that the State’s budget and fiscal management processes be improved to enable better decision-making, outcomes, and accountability.
Blog
City Budget
18,000 Vacant City Jobs Is More Than Enough
Vacancy Reduction Should Not Impede Hiring; How NYC Manages Will
March 30, 2022
Any staffing issues are the result of management, system, and labor market challenges, not a shortage of available positions
Blog
City Budget
Six Fast Facts about the NYPD's Preliminary FY2023 Budget
March 18, 2022
Public safety is a top issue for New Yorkers, and the New York City Police Department (NYPD) budget continues to garner attention and interest.
Statement
City Budget
Statement on the New York City Fiscal Year 2023 Budget Agreement
June 10, 2022
While the budget funds priorities and takes some steps to save for a future recession and stabilize the budget, it misses the opportunity to make a substantially higher RDF deposit and massively increases spending to a level not sustainable over time with City revenues.
Statement
City Budget
Statement on the New York City Fiscal Year 2023 Executive Budget
April 26, 2022
The Executive Budget takes some positive steps but focuses more on spending, nearly to the exclusion of the savings and efficiency needed to shore up the City’s fiscal house.
Blog
State Budget
Recommendations to Strengthen the State
NYS Priorities that Promote Recovery, Transparency, Accountability, and Fiscal Stability
January 04, 2022
Governor Kathy Hochul's budget and policy priorities provide the opportunity to build a strong fiscal future, and to improve transparency and accountability.
Report
State Budget
Risky Business
What Could Happen If NYS Spends More… More… And Much More
March 23, 2022
The fiscal year 2023 State budget is being negotiated in the context of apparent unprecedented State fiscal strength, though economic and pandemic uncertainties serve as stark reminders to be prepared for emergencies.
Testimony
City Budget
Testimony on the Recommendations of the NYC Advisory Commission on Property Tax Reform
Submitted to the New York City Council Committee on Finance
November 15, 2022
While momentum for property tax reform was slowed by the pandemic, the need for it has not diminished.