Anticipating a reduction in rental income, NYC sharply reduced the assessments used to calculate ‘22 tax bills. These reductions turned out to be an overestimate & the ’23 tax roll now reflects this as projected growth. IBO examines the reason for the change.
Included in its Preliminary Budget, the Adams Administration proposed 3 tax programs: one to enhance the value of city’s EITC, which increases the value of wages and salaries for low- and moderate-income tax filer; as well as 2 tax breaks to incentivize the development of childcare programs in NYC
Medicaid enrollment and claims in New York City have grown over the course of the course of pandemic, but the program’s extra costs have fallen on the federal government. IBO examines recent Medicaid trends and what the future might hold for the program & the city’s coffers.
In this brief, IBO examines the funding level for staff at the Civilian Complaint Review Board—the city agency charged with investigating police misconduct—and how it compares with City Charter mandated levels. We also examine how the time it takes for the review board to complete its investigations
The Adams Administration increased funding for the city’s Summer Youth Employment Program in the Preliminary Budget. IBO explores what we know about the planned expansion thus far and what questions remain.
The Adams Administration added funds for homeless shelter costs in the Preliminary Budget. IBO estimates that additional funds for shelter will be necessary, and that the city will also need to increase budgeted amounts for its homeless outreach and its housing voucher programs in fiscal year 2023.
A key part of the Mayor Adam's Program to the Eliminate the Gap (PEG) is budgeted headcount reductions. IBO examines how other actions contained within the budget affect the number of headcount reductions the Mayor proposes to make.
Our Snapshot Report is an slide deck that presents our key findings on the local economy, projections of tax revenues, and spending estimates under the Mayor’s Preliminary Budget.
Using student-level data, IBO tracked how many students enrolled in the 2019-2020 school year, when Covid-19 first hit, returned in the following (2020-2021) school year.