"Ideas for Generating New Revenue Streams for NYC"
A Center for an Urban Future Policy Symposium

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With New York City facing a multi-billion-dollar budget gap and the prospect of harmful federal funding cuts, Mayor Mamdani will need to identify new, recurring revenue to pay for his bold affordability agenda while sustaining core city services. The mayor has already floated ideas, including a proposal to raise taxes on high earners and corporations and an increase in the city's property tax. But city leaders will likely need to consider additional options for generating dedicated revenue, especially those that are firmly within the city’s control.

This in-person policy forum discussed an array of creative opportunities to develop new dedicated revenue streams or to boost existing revenues. Building on CUF's recent policy report featuring five new revenue-raising ideas for NYC, the forum featured a pre-recorded fireside chat with NYC Comptroller Mark Levine, a panel featuring budget and economic experts, and a session where we asked audience members for their ideas for generating new city revenues. Speakers advanced fresh, concrete ideas for increasing revenues and discussed what city leaders will need to do to capitalize on these opportunities.

Speakers included:

• NYC Comptroller Mark Levine
• Louisa Chafee, Director, NYC Independent Budget Office
• Winston Fisher, Partner, Fisher Brothers; CEO, AREA15
• Carol Kellermann, Former President, Citizens Budget Commission
• Andrew Rasiej, Founder, Civic Hall
• Jessica Walker, President & CEO, Manhattan Chamber of Commerce

This event was made possible thanks to generous support from the Fisher Brothers Foundation and Winston C. Fisher. We are also grateful for general support from The Clark Foundation and the Altman Foundation, and ongoing support from a number of other philanthropic funders.