PRELIMINARY BUDGET REPORT: In this new report we present our latest economic forecast and analysis of the Mayor’s 2022 Preliminary Budget and Financial Plan through 2025. In the form of a chart book the report presents our key findings on the local economy and projections of tax revenues & spending.
NYC BY THE NUMBERS: The pandemic led to staggering job losses in the city. How much were efforts to find jobs for the city’s public-assistance recipients affected?
IBO’s fiscal outlook report presents our latest economic forecast for the city along with our projections of revenues and expenditures under the Mayor’s November financial plan.
NYC BY THE NUMBERS: The Old Farmer’s Almanac says the Northeast may be in for a snowy winter. Regardless of such predictions, the city budgets for snow removal based on a formula in the City Charter. Some years this leads to savings, other years shortfalls. What’s the cost of digging out?
BUDGET OPTIONS FOR NYC: We present 14 more ways the city can cut costs or raise revenue, with some pro and cons for each of the measures. Our compilation now includes more than 100 budget options.
The New York City Independent Budget Office today released 14 more measures that could reduce city spending or raise tax and other revenues as the city faces a difficult fiscal climate.
While most New York City employees cannot receive pensions until they turn 62, police officers and firefighters can retire at any age after they have met their required number of years of service. Since 2010, how many of them began receiving pensions before turning 50?