TESTIMONY: IBO Director Ronnie Lowenstein presents the New York City Council with an overview of IBO’s latest economic forecast and our estimates of revenue and spending under the Mayor’s Executive Budget.
As local tax revenue and aid from Albany decline due to the economic fallout from the coronavirus pandemic, Mayor de Blasio has proposed using a substantial share of reserve funds to help balance the city’s budget. We look at the city’s different reserve funds and the Mayor’s plan for using them.
The CorpNet brief was created by the Strategic Partnerships unit to provide NYCEM's partner organizations with a snapshot of publicly available information and resources relating to COVID-19. Confidential information has been redacted.
Summary of OER Clean Soil Bank deliveries to the NYC Department of Parks and Recreation. Over 40,000 cubic yards of clean soil were transferred to Parks sites across the city.
PUBLIC SCHOOL INDICATORS: We’ve updated two sections of this resource--the section on school funding and spending and the one on crowding in school buildings.
The Public Design Commission meets once a month. The meeting agendas are posted online three business days in advance of each meeting and published in the City Record. Agendas are also distributed to all City Council members, Community Boards, and City agency liaisons.
REPORT: The Covid-19 pandemic has played havoc with the city’s economy. We make some initial estimates of the resulting job losses and tax revenue declines compared with our estimates from just a couple of months ago.
NYC BY THE NUMBERS: Subway ridership is way down. Which stations have seen the biggest declines in passenger entrances and what might plummeting ridership mean in terms of lost revenue for NYC Transit?