What's The [DATA] Point

$280 billion is the total number of dollars held by New York City’s five pension funds over which the City Comptroller is custodian and investment adviser. The Comptroller plays a critical role in the City’s fiscal health, integrity, and accountability. In June, New Yorkers will head to the polls to choose who they want to guide them through the economically uncertain times ahead. Today's episode...

$15 billion is the amount congestion pricing is expected to yield for MTA infrastructure investment—to bring trains, tracks, yards, and signals to a state of good repair, increase accessibility, and expand subway service. As congestion pricing is challenged by the Trump administration, this speaks to the larger question of the fiscal and regulatory relationship between the federal government and N...

$252 billion is the size of Governor Kathy Hochul’s New York State Executive Budget for Fiscal Year 2026. It's a full $100 billion more than ten years ago. New York State and its localities are already #1 in taxes and #2 in spending nationwide. On today’s episode we talk with New York State’s Budget Director Blake G. Washington, to discuss whether taxes are too high, if New York should try to rest...

$35 billion is how much of the MTA's 5-year capital plan remains unfunded. Investing in the MTA’s crumbling infrastructure is one of the most important decisions Albany will make this year; New York's economy, quality of life, and the region's competitiveness depend on it. At a recent CBC event, MTA Chair and CEO Janno Lieber sat down with CBC president Andrew Rein to talk about keeping the trains...

$16 billion is the estimated cost to build the new rail tunnel under the Hudson River. Decades of delays and funding spats ultimately led to the creation of the Gateway Development Commission, the bi-state entity responsible for making the tunnel a reality. Joining the podcast is Alicia Glen, co-Chair of the Gateway Development Commission, founder and managing principal of MSquared, and current CB...

80,000. That’s the number of additional new housing units the Adams’ Administration hopes will be developed over the next 15 years thanks to the City of Yes for Housing Opportunity. The City Council votes this week on Mayor Eric Adams’ plan to tackle the housing crisis. However, that is not all that the Administration is focused on. Needed Infrastructure investment, improved contracting, implement...

10 and 15 are the districts represented by New York Congressman Dan Goldman and Congressman Ritchie Torres. With a newly elected President and Congress, changes in federal policy, funding, and regulation will affect New York State and New York City. So, what are the opportunities and challenges ahead? Where can New York make common cause with others, and how can our congressional delegation work a...

97 - that's the number of days between this conversation and the release of the Governor's Fiscal Year 2026 Executive Budget. But how the State will close its $16 billion structural gap isn't the only important issue facing New York State. How will the State buttress resiliency, reduce greenhouse gas emissions, improve student achievement (since it already spends 85% more per student than the nati...

3 is the number of current and former Comptrollers who sat down to discuss the City and State's finances, economy, population loss and more. While jobs and tourism have recovered, New York continues to face challenges with hybrid work affecting downtowns and the office market, housing affordability, future budget gaps, and needed infrastructure investment. Former NYC Comptroller Bill Thompson mode...

109,000. This is the number of new homes New York City aims to create over the next 15 years through its City of Yes for Housing Opportunity zoning proposal. Despite broad agreement on the need for more housing, the path is fraught with obstacles. Development is expensive and outdated regulations and zoning have impeded development of new housing and conversion of office buildings. How will New Yo...

$116 billion is the total NYC adopted budget for FY 2025, including the $4 billion of FY25 bills that were prepaid. This year’s budget talks between the Mayor and City Council took several twists and turns, ending with the narrowly on-time arrival of an adopted budget. New York City Council Member Justin Brannan, Chair of the Council’s Finance Committee, joined the podcast to discuss the budget, t...

$8.8 trillion is the total combined assets of the nearly 3,000 financial institutions that are regulated and supervised by the New York State Department of Financial Services (DFS). In addition to navigating serious banking crises in recent years, DFS faces challenges on the horizon: artificial intelligence, cyber security, and cryptocurrency, to name a few. Joining the podcast is DFS Superintende...

6,632 is the number of NYC households who responded to CBC's 2023 NYC Resident Survey: "Straight from New Yorkers." The survey provides the most comprehensive, statistically valid, post-pandemic view of how New Yorkers are feeling about the City's quality of life and the quality of government services. Among the many eyebrow-raising pieces of feedback coming Straight from New Yorkers: Only 30% of...

1.4% is the current--and historically low--apartment vacancy rate in New York City. NYC and many parts of New York State are in the throes of a housing crisis caused by decades of underproduction. Solving the housing crisis is key to stemming the tide of New Yorkers leaving the state and to rolling out the welcome mat to new New Yorkers. Joining us to discuss the latest housing policy news affecti...

$60 billion is how much the New York City Housing Authority (NYCHA) estimates it should invest in its infrastructure over the next 5 years. NYCHA faces persistent challenges: recurring budget gaps, rising expenses, weakening rent collection, deteriorating physical conditions, and more. NYCHA's CEO Lisa Bova-Hiatt and Chair Jamie Rubin both spoke with CBC at a recent event to discuss the plans and...

$233 billion is the total NYS budget proposed by Governor Hochul for fiscal year 2025, and that is the talk of the town in Albany as executive and legislative leaders work on a new budget agreement in time for the April 1st deadline. NYS Budget Director Blake Washington, who is at the center of budget negotiations happening right now, spoke with the CBC at a recent event. He and CBC President Andr...

$39.5 billion is how much NYC spends to educate our students each year. The New York City Public Schools has an enormous and challenging task: to educate and develop 900,000 students who come from a wide diversity of backgrounds and needs. And it’s important to ask: Are we getting the return we need on our dollars? How are our students doing? To answer this and other pressing questions is NYC Scho...

151,700 is the net loss of New York personal income tax filers in 2020 and 2021. Some of that is the result of the pandemic, but how much? With this episode, CBC is relaunching the podcast to return to a more focused discussion with policy leaders, and there is no better way to re-launch than with the podcast's founder: CBC alum Maria Doulis, Deputy New York State Comptroller for Budget and Policy...

85% is the amount New York State has to reduce greenhouse gas emissions by 2050. One of the major pathways to this reduction will be the State’s Cap-and-Invest program, which will cap and reduce emissions, auction off the right to emit, set up a trading system for those rights, and generate billions of dollars to be invested in energy transition and to offset costs of the transition for some resid...

$1.5 trillion is the total asset value of the MTA—all of the trains, buses, yards, and stations...all the stuff that moves New Yorkers every day, 24 hours a day. At a recent CBC event, MTA Chair and CEO Janno Lieber and President of Construction and Development Jamie Torres-Springer discussed congestion pricing, fare evasion, congestion pricing, state of good repair, the future of Penn Station, an...

$10.6 billion is the real-world, all-in budget gap that NYC could be facing once you include all spending that is currently unbudgeted or underbudgeted. In a co-production with Ben Max's podcast "Max Politics," CBC President Andrew Rein and Vice President for Research Ana Champeny about the City's decisions and unforeseen events that lead to the real-world budget gap, and the options for closing i...

44 million pounds of trash are generated by New Yorkers every day. The NYC Department of Sanitation not only collects residential waste, recyclables, and compostables, but it also removes snow, cleans streets and lots, removes graffiti, and fights rats. CBC Chair Marissa Shorenstein is joined by Sanitation Commissioner Jessica Tisch, who is leading "New York's Trash Revolution." The revolution inc...

4.67 million is the total number of jobs in New York City, just shy of employment pre-pandemic. Though the economy is stable and employment generally strong, challenges remain. The economy is undergoing longer term transformation including remote work, which will affect our labor market and commercial real estate, and the City faces proximate challenges with the influx of new migrants and asylum s...

50,000 is the number of jobs New York State expects to be created over the next 20 years by attracting Micron to central New York with $7.2 billion of incentives. New York has long been a leader in economic development, with the State and localities offering tax incentives and spending totaling over $10 billion a year. Joining the podcast to discuss the Micron deal, workforce development, the film...

$4.3 billion is the Adams' Administration's estimate of the cost to house and provide services to asylum seekers this and next year. But that is only a small portion of the City's fiscal challenges. NYC Budget Director Jacques Jiha joined the CBC to discuss the fiscal year 2024 Executive Budget, negotiations with the City Council, future budget gaps, efforts to improve the City's management and mo...