Citizens Budget Commission

04/30/2024

“Without financial plans, we don’t know what the dollar amount is, or what the timing of the spending is.”

—CBC's Patrick Orecki, on lack of details in State's plans for new Medicaid revenue.

Lawmakers kicked some big ticket items down the road and the enacted budget leaves the state with future deficit north of $16 billion.

04/30/2024

Why implementing congestion pricing in NYC is vital for a cleaner environment, less traffic, and a sustainable transit system:

While the Citizens Budget Commission (CBC) has long held the position that there should not be credits for bridge or tunnel crossings, we believe the Traffic Mobility Review Board’s (TMRB) congestion pricing toll recommendations, as a whole, are reasonable.

04/30/2024

How does "everyone" feel about NYC quality of life and gov't services?

Get the full rundown, Straight from New Yorkers: https://t.co/JkbHEQ6FpK

04/30/2024

As MTA prepares to start congestion pricing, there should be a focus on effective fare and toll collection to ensure riders and drivers are paying a fair share:

In 2023, the cost to the MTA alone was more than $700 million, which evidence suggests is growing.

04/17/2024

The NYS budget announcement and checklist overlooks a critical transparency 'to do.'

Financial plan tables.

When the budget agreement is finalized, the State should publish basic financial plan tables.

NYers deserve a clear view of the budget and what it means for the future.

04/15/2024

Fare & toll evasion cost MTA more than $𝟕𝟎𝟎 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 in 2023. Learn more:

04/03/2024

The arbitrary lump sum debt limit expansions the City & Exec Budgets proposed are not the best approach.

Substantially expanding debt capacity without firmer guardrails could threaten long-term debt affordability and effective capital planning in the City.

See full CBC debt limit recommendations: bit.ly/3VJJW9k

New York City has requested that the State raise the City’s debt limit—the maximum amount of the long-term debt the City can have outstanding—by $18.5 billion.

04/03/2024

It’s the right time to set the right ceiling.

CBC recommends four criteria to guide policymakers in setting the City’s debt limit:

04/03/2024

In new NYC debt limit report, CBC recommends the State adopt a more analytically grounded, sustainable approach to setting the debt limit.

Setting the Right Ceiling report:

New York City has requested that the State raise the City’s debt limit—the maximum amount of the long-term debt the City can have outstanding—by $18.5 billion.

04/02/2024

Increasing fare and toll compliance is vital for funding and maintaining reliable public transit services, and ensuring riders and drivers are paying a fair share

CBC’s It’s Only Fair report details the challenges and proposed solutions: bit.ly/4cEQoo6

04/01/2024

Statement from CBC President Andrew S. Rein on NYC Council’s Response to FY25 Preliminary Budget: