Despite a projected gap of $1.1 billion in FY 2003, it appears that the City will end the current FY in balance. The budget stabilization account (BSA) and the general reserve will provide the City with a comfortable cushion against any shortfalls in the budget. The outlook for FY 2004 and the outyears of the financial plan shows a lackluster stock market and the 9/11 attacks continue to take their toll on the City's fiscal condition. The City has devised a comprehensive gap-closing program to balance the budget in 2003 and 2004 and reduce the outyear gaps. The increased property tax rate is expected to generate revenues of $838 million in FY 2003 , but this lower than expected increase has reduced the expected FY 2003 surplus roll. However, the Federal government needs to support the City's effort to overcome its fiscal difficulty and labor must work with the City to lower spending on personal services.
The bill is part of a wave of efforts around the country to confront
the lasting impact of institutional racism on Black families’ ability
to achieve economic security and build wealth
This report details how policymakers have shifted their focus from high school graduation rates to post-secondary success. There is a lack of quality counseling, advising, and mentoring programs in New York City public high schools, impeding students from seeking access to and success in higher education. Schools must provide more focused support to help students navigate through the college application experience, with more counseling and mentoring services.
Since the moment COVID-19 arrived in New York City, the burden of the pandemic’s many challenges have fallen heaviest on women, especially women of color.
An analysis that documents changes in migration to and from New York City during the COVID-19 pandemic, using data published by the United States Postal Service (USPS) from change of address forms.
This document contains information regarding the tax lien sale and its purpose in the New York City economy. Included is background information on the tax lien sale, how it works, its current impact on the City, and recommendations as to how to use tax lien sales more effectively.