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.