An Independent Budget Office (IBO) analysis evaluates the employment effects of the $30.3 billion in Paycheck Protection Program (PPP) loans distributed to New York City employers in 2020 and 2021.
A NYCIBO analysis of NYC Schools teacher hiring and retention showed that city schools ended the last school year (2022-2023) with 2,500 fewer K-12 teachers than four years prior.
A brief Infographic focused on a less evident support for NYC's arts and culture sector—payments to cultural nonprofits made by a wide array of city agencies as a contracted vendor through the city’s procurement process to provide goods or services.
The IBO released an analysis of City payments to nonprofit cultural organizations that may be the first such accounting of municipal investment in the cultural sector. The report details $727 million in payments made from the Expense Budget in Fiscal Year 2022.
High expectations: if it can overcome initial growing pains, the NYC legal cannabis market could bring in $1.2 billion in taxable tales and $47 million in annual revenue for the city
Want to take a deeper dive into average daily spending by specific agencies? IBO has you covered. Download IBO’s new NYC Spending in a Day tool to select specific NYC agencies and types of expenditures to come up with your own cost to run NYC for a day.