This document shows the revenue and expenses modifications to the financial plan submitted by the City. Also included is the financial plan for the city and covered organizations for the fiscal years 2012 to 2015.
This report shows the agency gap closing programs of the November 2011 plan. The data in this report show increases and decreases in the gap for the years 2012 to 2015 by agency.
This report shows the adopted revenue budget for the November 2011 financial plan. Included in this report are data on taxes, miscellaneous and anticipated revenues, and federal, state, and other categorical grants.
This document includes the projection of revenues and expenditures, projection of cash sources and uses, the capital plan funding source, the borrowing schedule, and the capital plan for the financial plan for fiscal years 2010-2013.
November 2008 Financial Plan - Revenue Financial Plan Detail, Fiscal Years 2009-2012 - Taxes, Miscellaneous, Unrestricted, Disallowances, Inter Fund Agreements and Anticipated Revenues.
November 2008 Financial Plan - Financial Plan Modification This is Modification 09-1 for the Financial Plan for the City and Covered Organizations for fiscal years 2009-2012.
November 2008 Financial Plan - Budget Summary - the economy is in distress both nationally and locally. The credit criss which began over a year ago has not yet passed and in fact has intensified
since the adoption of the financial plan for 2009.
This New York City Department of Finance report shows the Notice of Interest Rates on New York City income and excise raxes and annual vault charge for the period July 1, 2013 through September 30, 2013.
This New York City Department of Finance document is a Notice of Interest Rates on New York City Income and Excise Taxes and Annual Vault Charge for the period April 1, 2013 through June 30, 2013.
The report details the adopted rules and changes made to the Intercity Bus Permit System. These changes include establishing penalty schedules for violations of intercity bus permit system rules, resulting in a $500 fine for each violation.
This report, submitted by Hay Group, summarizes the funding of the New York City Retirement Systems (NYCRS). Based on experience studies, audits, reviews and evaluations, the NYCRS is being funded on sound financial, scientific and legal bases in order to attain the City's financial objectives.
This report, prepared by Hay Group, lists the demographics of the New York City Employees' Retirement System. It is organized by system/subgroup/department in categories, such as age, gender, and mortality rate.
This report, prepared by Hay Group, lists the demographics of the New York City Employees' Retirement System. It is organized by system/subgroup/department in categories, such as age, gender, and mortality rate.
This report, prepared by Hay Group, details the demographics studied when conducting experience studies, audits, reviews and evaluations of New York City Retirement Systems (NYCRS).
This report, submitted by Hay Group, summarizes the findings pertaining to the audit conducted on Employer Contribution Calculations for Fiscal Year 2010. The contributions, overall, have been accurately determined, using sound assumptions and methodologies, and in accordance with accepted standards and practices.
This New York City Independent Budget Office (IBO) report shows the New York City public school indicators on demographics, resources, and outcomes. This document includes a background on public schools and data on these schools related to diversity and performance.
The DCA Office of Financial Empowerment commissioned RTI International to conduct this study to analyze the needs, barriers, and opportunities to increase financial inclusion through mobile financial services use. Findings show that New York City is a unique marketplace for mobile banking and money management innovation.
The city's Department of Education typically assesses progress in raising proficiency rates by comparing scores on the state English Language Arts and amath tests of this year's third through eighth
graders with last year's. The IBO sought to identify any shifts in the achievement gap between students of different racial and ethnic backgrounds in the cohort they examined.
The reports have beomce one of the primary means for rating and reporting on the effectiveness of each of the city's schools. Education department administrators
use the reports for making decisions about which schools and principals to reward and conversely, determining which schools to close or principals to remove.
Recent legislation in Albany, including changes in the budget adopted last month and set to go into effect in April 2013, have been aimed at improving the ability of the city and state
to get reimbursements for Early Intervention services. IBO has examined claims data from 2002 through 2010 and considered the likelihood these legislative efforts will
reduce the program's reliance on city funds.
This report presents the IBO's new economic forecast and tax revenue projections along with their review and adjustments of the Mayor's spending plans under
the Preliminary Budget for Fiscal Year 2013 and Financial Plan through 2016.
The Mayor's approach to balancing the city's budget in 2012 lies heavily on the expenditure side of the city's ledger and underscores a message of fiscal austerity.
The Bloomberg Administration is now proposing a major rezoning of East Midtown. Concerned that his new initiative would compete with Hudson Yards and slow the revnue growth neededto make
Hudson Yards self-supporting, Council Member Daniel Garodnick asked IBO to review city spending to date on the plan and to consider the short-term outlook for revenues at Hudson Yards.
This report looks at how the resources, broadly defined, of New York's households and businesses were taxed by state and local governments, and at how those revenues
were distributed, both geographically and among major government functions.
To assess whether elementary grade students in charter schools leave their schools any more frequently than students in traditional public schools, IBO examined a cohort of students who
entered kindergarten in September 2008 and followed them through third grade. This involved tracking data on 3,043 students in 53 charter schools and 7,208 students in 116 traditional public
schools nearest to each charter.
In December 1994, just prior to the implementation of welfare reform initiatives, nearly 80 percent of New York City's food stamp recipients also received public assistance. For the most part, New York's
Food Stamp program was an extension of public assistance, with the vast majority of recipients enrolling in both programs at the same time.
The legislature in Albany is currently considering a bill that would allow certain public emploees to retire at age 55 rather than 62 without a loss in pension benefits. IBO estimates that the bill would
increase the city's pension and fringe benefit costs by $68.1 million in the first year after accounting for savings from hiring entry-level replacements.
Based on IBO's tax and spending projections under the Mayor's November 2012 Financial Plan, the city faces a budget shortfall of $811 million in the upcoming fiscal year, a relatively modest
1.6 percent of out forecast for city-generated revenues. IBO's projected shortfall for the following year, fiscal year 2015, is $1.7 billion, 3.1 percent of expected city-generated revenues.
After examining the information during fiscal year 2008, IBO presents its economic outlook for the year 2009, claiming that there will be a decease in jobs and an increase in the budget gap.
The IBO has modeled five scenarios and how each would alter the amount of federal income taxes paid by New Yorkers in 2013. For each of the five possible outcomes considered, IBO estimates how much in income
taxes would flow from the city to the federal treasury as well as how the amounts owed by New Yorkers at various income levels are affected.
With state policymakers now considering whether to allow companies to drill for natural gas in the Catskill/Delaware watershed, many environmentalists and other New Yorkers are concerned about
potential contamination of the water from chemicals used in drilling.
With this publication, the IBO examines ways that the city could save money or raise revenue, and impartially analyze the pros and cons of each option. An option's inclusion in the volume does not
imply a recommendation, nor does the omission of an idea mean IBO does not consider it viable.
This report includes specific details and analysis regarding the City's capital debt and obligations. It addresses the fact that New York City has a large amount of outstanding debt and great capital needs, but also comments on its overall strength in credit rating. Further included in this document are in depth analyses and data on the City's debt.