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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.
Blog
Transportation
Light, at the Beginning of the Tunnel
What to Look for in the MTA 2021 July Financial Plan
July 20, 2021
While the path to achieving operating savings is hard, it is much preferable to phase in these savings over the next few years than to have massive fare and toll increases, economically damaging service cuts, or significant increases in dedicated taxes and subsidies.
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
Podcast episode
State Budget
$209 billion, with State Senator Liz Krueger, E.J. McMahon, and Patrick Orecki
June 30, 2021
$209 billion is the total spending in New York State's Enacted Budget for Fiscal Year 2022. Six months ago, New York State was staring down a four-year revenue shortfall totaling $60 billion—however, revenues have strengthened and the federal government passed a stimulus bill that includes what may be the largest state and local government relief program in history. Still, the State decided to raise taxes, boost education aid, and fund a host of economic recovery programs. Joining the podcast are three guests to discuss what this means for the State's fiscal future: State Senator Liz Krueger, Senior Fellow at the Empire Center and Adjunct Fellow at the Manhattan Institute E.J. McMahon, and CBC's Director of State Studies Patrick Orecki.
Blog
State Budget
What to Look for in the NYS FY 2022 Executive Budget
January 15, 2021
Balancing the fiscal year 2022 budget will require some combination of spending cuts, additional revenues, and other actions
Report
State Budget
Balancing Act
Alternatives that Balance the NYS Budget without Raising Income Taxes
February 10, 2021
There are better alternatives to balance the State Budget and improve the State’s fiscal outlook.
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.
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.
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.
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.
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.
Blog
Transportation
What to Look for in the MTA's November Budget Update
November 16, 2021
The MTA will be releasing its operating budget update Wednesday. Here is what we are looking out for.
Testimony
Transportation
Testimony on Congestion Pricing Implementation
Submitted to the Metropolitan Transportation Authority
September 23, 2021
When the MTA determines the policies and implements congestion pricing, it should follow six recommendations:
Op Ed
State Budget
Our New Governor’s Budget-Balancing Act
New York Daily News
September 01, 2021
Tackling these crises requires swift action. It is encouraging to hear Hochul emphasize performance and transparency. Her next step should be to convert those pledges into action.
Report
State Budget
Spending Growth Resumes, Fiscal Cliff Looms
NYS Operating Funds Spending FY 2021 through FY 2025
October 21, 2021
These accounting maneuvers obfuscate the State’s true fiscal picture.
Testimony
State Budget
Testimony on New School Aid Spending and Performance
Testimony submitted to the New York State Senate Committees on Education, New York City Education, and Budget and Revenue
October 05, 2021
New York State should ensure that this massive school funding increase drives results and target school aid to districts with the greatest needs.
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
State Budget
Groups Urge Leadership to Increase Annual Funding to the Authorities Budget Office
Letter to the Governor, Speaker, and Majority Leader
October 28, 2021
Our groups again urge you to increase the annual funding provided to the Authorities Budget Office to at least $5 million to give it the minimum resources it needs to fulfill itsstatutory duties
Op Ed
State Budget
Enough waiting for transparency
Albany Times Union
May 15, 2021
Ten years ago this week, Governor Andrew Cuomo’s Spending and Government Efficiency (SAGE) Commission opened a portal for New Yorkers to “suggest ways to improve the efficiency and quality of government services.”