This annual report focuses on the City’s capital debt: how much is outstanding, how much room we have to borrow for projects in the coming years, how much we can afford, and how we stack up compared to other U.S. cities.
The City’s cash balances usually dwindle in late November to early December, before the arrival of property tax payments which are due on January 1. But this November, the City’s cash balances remained historically high for this time of year, averaging $7.521 billion, compared to...
The ideal emergency procurement system exists alongside robust risk assessment and planning mechanisms, so that the City does not have to rely on emergency contracts if its needs can be met by other means.
New Yorkers rely on the City to act as quickly as possible to avoid or mitigate an unforeseen danger to life, safety, property, or a necessary service.
The purpose of the Part I Experience Study report is to provide high-level observations of the demographic assumptions used in the actuarial valuations performed by the Office of the Actuary (OA) for these systems compared to the experience.
The purpose of the Part I Experience Study report is to provide high-level observations of the demographic assumptions used in the actuarial valuations performed by the Office of the Actuary (OA) for these systems compared to the experience.
The intended purpose of this report is to provide a thorough and independent third party review of the economic actuarial assumptions and actuarial methods used in the NYCRS, which reflects economic forecasts and capital market assumptions through December 31, 2022.
Over the past decade, Citi Bike has become a vital part of New York City’s transportation landscape. As the nation’s largest bikeshare system, Citi Bike enables millions of trips each month and has a network of over 1,800 stations and 26,000 bikes