Citizens Budget Commission Testimony on the Implementation of Local Law 97

On April 13, 2022, the Citizens Budget Commission (CBC), a “nonprofit, nonpartisan think tank and watchdog dedicated to constructive change in the services, finances, and policies of the New York City and New York State governments, submitted “Testimony on the Implementation of Local Law 97” (LL97) to the City Council Committee on Housing and Buildings and Committee on Environmental Protection. Passed in April 2019 by the City Council, LL 97, also called the Climate Mobilization Act, “aims to cut emission from large buildings 40% by 2030 and 80% by 2050.” Referencing their “Balancing Incentives to Maximize Emission Reduction” report released in August 2021, the CBC identified “four challenges that hinder LL97’s ability to create the incentives for building owners to reduce emissions cost-effectively;” and offers 6 specific recommendations to overcome the challenges to help ensure that citywide emission reduction goals are met.