The tumbling stock market has inevitably taken a toll on the value of the city’s pension funds. That means the city may have to increase its contributions to the funds by tens of million—if not hundreds of millions--of dollars in the coming years. We look at a few scenarios.
Under federal and state law, families with young children receiving cash assistance and participating in work or training programs are guaranteed vouchers to pay for their choice of child care providers.
Preliminary data for fiscal year 2014 indicate the city received about $41 million in revenue from camera-generated redlight, bus-lane, and now speeding summonses, as well as $14 million in ticket revenue from traffic violations written up by police officers.
Although students with disabilities comprised about 18 percent of the overall student body in school year 2012-2013, they made up about 30 percent of the suspended student population (defined as the population of students who have been suspended at least one time).
NYC BY THE NUMBERS: Subway ridership is way down. Which stations have seen the biggest declines in passenger entrances and what might plummeting ridership mean in terms of lost revenue for NYC Transit?
Through NYC's “Schoolyards to Playgrounds” program, the public can access some school playgrounds & yards during non-school hours. At the request of CM Gale Brewer, IBO examined how many school buildings are currently participating in the program & the cost to add those that aren't.
Under the city’s borough-based jails plan, Rikers Island will be replaced by jails in 4 of the 5 boroughs. The plan aims to create smaller & safer jails that allow people in custody to be closer to the courts where their cases are heard and their communities. IBO examines how these 2 goals overlap
As an advisory commission appointed by the Mayor and Council Speaker looks at ways to reform the city’s property tax system, we consider an idea suggested by a number of policy- and opinion-makers: reducing the percentage of a home’s market value that is subject to the property tax.
NYC BY THE NUMBERS: Since the de Blasio Administration began discharging people from the city’s jails to lessen the risk of Covid-19 contagion, the jail population has dropped by nearly 30 percent. Were some groups of people in custody more likely to be released than others? See the comparisons
NYC BY THE NUMBERS: Based on recommendations from the city’s Board of Correction, the de Blasio Administration is considering the release of some people now held in the city’s jails. How many people in custody might be released?
REPORT: The Covid-19 pandemic has played havoc with the city’s economy. We make some initial estimates of the resulting job losses and tax revenue declines compared with our estimates from just a couple of months ago.
The 421-a property tax exemption is the city’s largest tax expenditure, costing more than $1 billion
in forgone taxes each year. The exemption dates back to the 1970s and is currently up for renewal
In 2002, Mayor Bloomberg urged that the Metropolitan Transportation Authority (MTA) take over the 82 express and local bus routes (most based in Queens) operated by seven private companies under franchise agreements
that included city subsidies.
When Mayor Bloomberg presented his last budget plan in November, he noted that the city’s full-time and full-time
equivalent headcount had fallen by 15,368 since December 31, 2001. But staffing levels since the end of fiscal year 2002, tell a different story.
When a low-income household loses their income or faces an extraordinary bill, they can face a utilities cutoff--or eviction. Did the pandemic lead to a surge in one-time emergency housing grants by the city?
The average time in city jails credited to inmates newly sentenced to state prisons from Bronx courtrooms grew to 15.7 months in 2012, about six months more than the average in the remainder of the city. Lowering this average could save NYC money.
About 75,000 students—or over 7 percent—of the city’s 1.1 million public school students lived in the city’s homeless shelter system or were doubled up in the home of a friend or family member at some point during school year 2013-2014.
IBO’s review of New York City’s spending on antismoking programs finds that spending levels
have varied widely in recent years—and that after trending downward the local adult smoking rate has been increasing.
TESTIMONY: IBO Director Ronnie Lowenstein presents the New York City Council with an overview of IBO’s latest economic forecast and our estimates of revenue and spending under the Mayor’s Executive Budget.
The Department of Transportation repairs and maintains the city’s streets. To fulfill this task, the department performs an ongoing street quality assessment and rates sections of every street in the city on an 18-month rolling basis on a scale from 1 to 10.
Over the past five years, total federal aid to New York City has declined from $7.9 billion in 2011 to just under $7.0 billion in 2015, a decrease of roughly $933 million, or nearly 12 percent. The change was mainly due to the drop in American Recovery and Reinvestment Act federal stimulus dollars.
In September 2012, New York City launched a set of juvenile justice initiatives that included the expansion of alternative-to-placement programs for youth ages 7-15 found by Family Court to be juvenile delinquents.
In 2009, the city’s Department of Cultural Affairs concluded a multiyear initiative to reform the Cultural Development Fund, the primary source of city funding for hundreds of arts and cultural organizations throughout the five boroughs.
In a series of charts and graphs IBO presents some key findings from the data, in particular, how in 2020—the first year of the Covid-19 pandemic—total income reported by full-year New York City residents increased compared with 2019., along with 2020 PIT tables.
In light of two recent high-profile school rezoning controversies in which overcrowded schools serving higher income students existed near underutilized schools largely populated by students in public housing, IBO examined the distribution of students from public housing across NYC public schools.
Nearly 3 dozen arts and cultural organizations are located on city-owned property and receive operating subsidies. These organizations, known as the Cultural Institutions Group, vary widely in attendance and budget levels.. How dependent are these institutes on their city subsidies?
Earlier we reported that 132 New York City parent-teacher associations granted nearly $13 million to their school budgets in school year 2017-2018. Now we answer the question: how were the funds spent?
The Covid-19 pandemic caused sharper drops in employment in New York City than elsewhere in the nation – and the jobs recovery has been slower here. IBO examines how the city’s employment losses and recovery differ from the rest of the nation’s.
NYC Transit runs the city’s subways as well as buses in Manhattan and the Bronx and is one of several agencies that comprise the Metropolitan Transportation Authority. NYC Transit employs nearly 50,000 workers and 44,000 of them are union members.