IBO was asked to analyze the costs NYC will incur for services to the city's newly arrived asylum seekers. Based on early Nov. numbers, IBO estimates the city will spend at least $596 million over a year on services such as shelter, public education, & some health-related costs, among others.
In this brief, IBO examines this operating support and identifies risks that the city’s public hospital system is facing that may make city subsidies in the future even more critical.
Over the past few months IBO participated as a non-voting observer on a task force to provide independent information and analysis. As part of that process, IBO simulated the fiscal impact of the task force’s top five recommendations. This presentation provides the results of those simulations.
IBO’s testimony provides an update on how much the city has claimed of these funds through the end of fiscal year 2022, how much is currently budgeted for spending, and how much remains to be added to the city’s budget in upcoming financial plans.
IBO examines the demographic differences at each step of the gifted admissions process when the test was still in place—for students entering kindergarten in the 2018-2019 school year.
Through NYC's “Schoolyards to Playgrounds” program, the public can access some school playgrounds & yards during non-school hours. At the request of CM Gale Brewer, IBO examined how many school buildings are currently participating in the program & the cost to add those that aren't.
Much has been discussed about growth in city spending for Carter Cases—when students with disabilities are enrolled in private schools & parents seek tuition payment. In FY22, it topped $900M. We examine Carter Case spending & what the costs include.
To calculate a commercial property’s value for tax purposes, the city uses what is known as a “capitalized income approach.” IBO examines this method, focusing on a key part of the calculation and investigates how overestimation of these rates leads to inequitable property assessments.
The New York City Housing Authority regularly passes its five-year operating budget with funding gaps, which in last year’s plan exceeded $300 million in most years. IBO examines changes in NYCHA’s budget, including the subsidies the city provides to NYCHA, and looks at challenges ahead.
ACS's contracts with nonprofit agencies to provide foster care services to children who cannot remain safely in their homes. The city is in the process of rebidding those contracts, with new ones set to begin next fiscal year. In this brief, IBO explores the changes expected under the new contracts.