The Mayor’s Executive Budget for FY 2023 restored some funding for the city’s organics recycling program, which suffered cuts in the Mayor’s previous budget proposal. However, none of the reinstated funding is for the expansion of the city’s curbside collection program.
EXECUTIVE BUDGET FOCUS: Mayor Adams has made investing in public safety a top priority of his early administration. IBO examines what programs under this umbrella have received increases in funding in the Mayor’s first two budget proposals, as well as other programs that have not.
In our report on the Executive Budget, IBO presents our projections of tax revenues, our reestimates of spending under the Mayor’s proposals, and the resulting budget gaps and surpluses. The report also features our latest economic forecast, as well as outstanding risks.
New York State has proposed a plan to develop 10 new, mixed-use towers around Penn Station & to use the property tax revenue generated to finance the reconstruction & possible expansion of the country’s busiest train station. We examine what is included in the state’s plan & the fiscal implications
IBO presents 10 new ways NYC can cut costs or raise revenue. As with all of our 100+ options, we neither endorse nor reject the ideas. See the descriptions & estimates of revenues/savings, with pros & cons for each option.
As part of our recently released Education Indicators, IBO examined what impact living in a low-income neighborhood may have on student achievement, as well as how attending a school with a higher concentration of students from low-income neighborhoods affects individual achievement.
IBO updated the Fiscal History section of its website with Fiscal Year 2021 data on staffing and spending. Explore citywide numbers or drill down to the agency, as well as debt service, and revenues.
IBO has updated two sections of its Education Indicators: Student Attendance (data on average attendance and chronic absenteeism rates in traditional public schools) & Student Achievement (standardized test scores for grades 3-8 and Regents exam performance for high school students).