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.
In The Bottom Lines, we take a look at a select set of agencies that were not spared from budget cuts, many of which have seen measurable declines in the quality or quantity of service they are able to deliver to the people of New York.
This audit identified areas in which DPR could improve its oversight of its recreation centers to help ensure that equipment is maintained in satisfactory condition.
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.
The focus on the city’s housing supply challenge. One of the primary drivers of high rents is an excess of demand over supply—or, put more simply, a supply shortage.
New York City’s housing challenges have shifted from abandonment and disinvestment to gentrification and skyrocketing rents – the NYC Department of Housing Preservation and Development has financed the development and preservation of hundreds of thousands of affordable homes
The audit found that the Department of Health and Mental Hygiene’s (DOHMH) Intensive Mobile Treatment (IMT) program has mixed success in effectively servicing clients who have been poorly served through traditional mental health treatment models.
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.