The deficiencies identified during the audit extend to collaboration between DPR divisions and the DOT, underscoring the need for internal improvements and better coordination between agencies.
In October 2023, the Adams’ Administration announced that it would implement a new policy limiting shelter stays for newly arrived families with children to 60 days. Previously, families with children in the shelter system had not faced time limits for eviction from shelter.
This follow-up audit found that the 47th Street Business Improvement District (BID) partially implemented nine recommendations and did not implement the remaining 14 recommendations.
The results of the audit have been discussed with OMB officials, and their comments have been considered in preparing this report. OMB’s complete written response is attached to this report.
On December 1, 2023, New York City’s unrestricted cash balance reached a seasonal low of $5.223 billion, compared to $3.966 billion in FY23 and $1.338 billion in FY22. The cash total includes the Revenue Stabilization Fund (RSF) balance of $1.959 billion.
Contracting is a powerful tool to achieve New York City’s goals and priorities – and the City has the power to use contracting strategically to make investments that support a vibrant, sustainable, and equitable City.
Among the greatest challenges facing New York City’s economy is the availability and affordability
of housing. Economic growth and stability in NYC depend upon the ability for workers and others
wishing to move into or within the city to find housing they can afford.
Among the greatest challenges facing New York City’s economy is the availability and affordability
of housing. Economic growth and stability in NYC depend upon the ability for workers and others
wishing to move into or within the city to find housing they can afford.