For many years, the city’s capital plans, which outline when funds for capital projects will be committed, have been substantially front-loaded with much of the funds slotted for the first year of each four-year plan—even though it was unlikely funds could or would be committed in that timeframe.
NYC is set to receive $7.3b in federal education aid from the 2 most recent stimulus acts, the CRRSA & ARPA. IBO details their planned uses and examines how much is budgeted for initiatives that will likely continue after federal funding stops.
There’s been much attention over the past year to how much the city spends on the police department. But policing is only one part, albeit a large one, of a bigger system that includes the courts, detention & related functions. We look at the full cost of the justice system and how much it has grown
NYC BY THE NUMBERS: There are just a few weeks left in FY 2021 and the police department is on pace to spend less on overtime than it has in recent years. But how much less and what are the prospects for reduced spending in the years ahead?
The Covid-19 pandemic and the resulting lockdown brought about extraordinary economic distress for New York City and its residents. That distress is now easing thanks to an influx of federal aid to the city budget and the successful development and distribution of Covid-19 vaccines.
The New York City Independent Budget Office is today adding to its compilation of roughly 100 budget options for the city—ways New York could cut spending or raise revenue. In addition to the new measures introduced today, we have revised or updated a number of initiatives included in our online Bud
With the parents of thousands of preschoolers needing to go to work and many K-8th grade students doing schoolwork remotely, the de Blasio Administration created the Learning Bridges and Learning Labs programs to provide care, supervision, and help with classes at hundreds of sites across the city.
The city’s public housing authority has to deal with removing lead paint, fixing broken elevators, a backlog of thousands of other repairs—and growing budget gaps. See the details on the housing authority’s fiscal challenges.
PRELIMINARY BUDGET FOCUS: A number of changes have been proposed that would affect how the city’s annual contribution to its pension funds are calculated. We explain the changes and their implications for the city’s budget:
PRELIMINARY BUDGET FOCUS: Under the Governor’s budget plan, state aid to NYC schools would grow next year. But the outlook for school aid is complicated by an influx of federal pandemic school aid and the Governor’s proposed restructuring and reductions of school support from Albany.