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?
In 2017, the city changed its primary program for helping to get cash assistance recipients into jobs. After an initial decline, are more cash assistance recipients now finding jobs?
Following with the City Council's Safe Housing Act, the Alternative Enforcement Program was implemented by the Department of Housing Preservation and Development. The purpose of this program was to improve the conditions of the city's rundown apartment buildings. Landlords have four months to fix their rundown apartments. After those four months, the city will reinspect the building, repair it, and send the bill to the owner, who will have to repay the city.
In this new report we present the details of our latest economic forecast & projections of tax revenue and spending based on the Mayor’s Preliminary Budget for 2021 and financial plan through 2024.