Pursuant to Section 241 of the New York City Charter, the Queens Borough President submits its expense and capital priorities for Fiscal Year 2025 Executive Budget
The Interagency Foster Care Task Force (the Task Force) was created following the enactment of Local Law 143 of 2016, and charged with issuing recommendations to improve services and outcomes for youth in and aging out of foster care.
This Citywide Statement of Needs FY 2024/2025 contains agency proposals to establish, replace, consolidate, expand, or close City facilities during the next two fiscal years.
This Citywide Statement of Needs FY 2025/2026 contains agency proposals to establish, replace, consolidate, expand, or close City facilities during the next two fiscal years.
The City of New York is at a pivotal fiscal moment. Tax revenues for the current fiscal year are coming in far above projections, yielding a substantial surplus; however, neither the Mayor’s Office nor the Comptroller’s Office expect this trend to continue.
The Preliminary Budget closes the $2.88 billion budget gap projected in November, on the strength of an expected $2.77 billion surplus in FY 2022, derived primarily from $1.60 billion in additional tax revenues and savings of $866 million from the Program to Eliminate the Gap (PEG).
The city is in the process of spending $8.7b to close Rikers Island & replace it and other jails with new borough-based facilities. But the new jails are not expected be ready until 2026. In the interim, the city needs to spend millions of dollars on major repairs of the jails destined for closure.
ACS's contracts with nonprofit agencies to provide foster care services to children who cannot remain safely in their homes. The city is in the process of rebidding those contracts, with new ones set to begin next fiscal year. In this brief, IBO explores the changes expected under the new contracts.