This annual report focuses on the City’s capital debt: how much is outstanding, how much room we have to borrow for projects in the coming years, how much we can afford, and how we stack up compared to other U.S. cities.
Report of project cost increases for Quarter 1 of Fiscal Year 2024 issued pursuant to the requirements of Section 6-133 of the Administrative Code of the City of New York.
The agency recognized employees, supervisors, managers, and units demonstrating superior accomplishment in diversity, equity, inclusion, and equal employment opportunity
The New York City AI Action Plan sets out priority initiatives for city government that speak to the urgency of our present moment and chart a clear course forward to harness the power of AI to benefit New Yorkers while protecting them from its potential harms.
At this time last year, many schools across NYC were facing budget cuts, and families were returning to schools with increased class sizes or to see favorite programs cut. Our May Spotlight described what led to the 2022-2023 funding cuts and what transpired afterwards to partially restore them.
New York City begins fiscal year (FY) 2024 with a stronger economy than many predicted just six months ago. While growth in the city is expected to slow this year compared with FY 2023, fears of recession have tamed considerably.
This Citywide Statement of Needs FY 2024/2025 contains agency proposals to establish, replace, consolidate, expand, or close City facilities during the next two fiscal years.
The City of New York is at a pivotal fiscal moment. Tax revenues for the current fiscal year are coming in far above projections, yielding a substantial surplus; however, neither the Mayor’s Office nor the Comptroller’s Office expect this trend to continue.
The Preliminary Budget closes the $2.88 billion budget gap projected in November, on the strength of an expected $2.77 billion surplus in FY 2022, derived primarily from $1.60 billion in additional tax revenues and savings of $866 million from the Program to Eliminate the Gap (PEG).
This Citywide Statement of Needs FY 2023/2024 contains agency proposals to establish, replace, consolidate, expand, or close City facilities during the next two fiscal years.