The New York City Department for the Aging spent about $110 million in fiscal year 2017 to support programs at nearly 250 senior centers throughout the city.
Last year NYC's five pension systems for municipal employees paid $12.9 billion in benefits to more than 332,000 retirees or their beneficiaries. While many retired city workers remain in the five boroughs, many others collect their pension checks in states and counties all around the country.
REPORT: With City Hall set to name a property tax reform commission, IBO has run the numbers for two scenarios that address a couple of key disparities in residential property tax burdens. We do this while keeping total taxes collected revenue neutral, as the Mayor has urged. So who wins and who loses?
With the release of our latest edition of Budget Options for New York City , IBO looks at dozens of ways to reduce city spending or raise revenues through tax, fee, or fine increases. As in past editions, a basic description of each budget option is presented along with a side-by-side discussion of key arguments for and against each measure's implementation.
FOCUS ON THE PRELIMINARY BUDGET: The Mayor proposes a faster roll-out of his 3-k initiative and continues to consolidate early education programs in the Department of Education.
Whether students with disabilities were recommended a paraprofessional differed based on the type of disability classification and the borough where the student attended school.
FOCUS ON THE PRELIMINARY BUDGET: The Mayor's latest budget plan includes a substantial increase in capital funding for new construction and preservation of housing
FOCUS ON THE PRELIMINARY BUDGET: As the city and state debate who is going to pay for public transportation improvements, IBO examines some proposed funding options and possible financial consequences for the city.
FOCUS ON THE PRELIMINARY BUDGET: With planned capital expenses growing over the next five years, the cost of debt service will also increase, but probably not by as much as OMB expects.
FOCUS ON THE PRELIMINARY BUDGET: IBO has produced a new economic and tax revenue forecast for the city as well as re-estimated city expenditures based on the Mayor's Preliminary Budget for 2019 and Financial Plan Through 2022. An overview of our findings.