This report provides IBO's review of the Mayor's Preliminary Budget for 2011 and Financial Plan through 2014. The report presents the IBO's own economic and revenue forecasts and examines some of the
Mayor's key budget proposals.
This Independent Budget Office Fiscal Brief addresses the analysis of former Mayor Bloomberg's executive budget for 2011. This report also gives and analyzes the past and current financial state of the City, and makes predictions for the future. Major areas of focus in this report are taxes, the impact on the economy, expenditures, and projections for future budgets.
This New York City Independent Budget Office (IBO) fiscal brief addresses the issue of overcrowding in New York City schools, particularly in high schools. Included are various data tables and graphs on the issue, as well as recommendations on how to combat this issue to alleviate the pressure put on a small number of schools.
An article about the increase in spending on the Runaway and Homeless Youth initiative and about the growing need for services for homless youths. The spending has doubled since 2005.
Following with the City Council's Safe Housing Act, the Alternative Enforcement Program was implemented by the Department of Housing Preservation and Development. The purpose of this program was to improve the conditions of the city's rundown apartment buildings. Landlords have four months to fix their rundown apartments. After those four months, the city will reinspect the building, repair it, and send the bill to the owner, who will have to repay the city.
This article presents the budget challenges faced by the City in the upcoming fiscal year. The City faces challenges arising from rising pension costs and the expiration of federal funding, which makes it more difficult to keep the budget balanced.
This report compares schools proposed for closing against other schools. The schools proposed for closing are found to be low performing, with below average student performance. However, there is no guarantee that a closing school will be replaced by a more successful one.
This report explains the features that contribute to the stability of the property tax system. It shows how caps on growth in assessed value can lead to higher assessed values and how assessments move through the pipeline and how the pipieline grew through 2008, the year of the downturn.
The city is currently in relatively good fiscal condition, due to steps to cut costs and raise revenue. However, the Mayor's budget does not address potential new problems, leaving pressure against City Hall to ensure the preservation of programs that will be affected by these problems. Economic uncertainties threaten the city and can affect the city's employment growth and tax revenues.
This report lists the budget options the City faces after the recession. The recession caused the loss of a significant amount of state aid and federal cutbacks, as well as growing pension and health expenditures, debt service, and other costs. These problems must be rectified and the options listed are potential solutions.
The Mayor's approach to balancing the city's budget in 2012 lies heavily on the expenditure side of the city's ledger and underscores a message of fiscal austerity.
IBO's comparison of enrollment data for this school year with last school year for kindergarten through eighth grade finds that average class sizes are already on the rise.
The release last week of the Metropolitan Transportation Authority's preliminary budget for 2012 and financial plan through 2015 prompted renewed concerns
over the agency's fiscal outlook. Transportation budget analysts have been praticularly critical of the amount of borrowing in the plan and the assumption of no wage increases
for the authority's workforce.
Just days after the events of September 11, 2001, President Bush and Congress promised that $20 billion in federal aid would be provided to help New York City
recover from the attack. Given the unprecedented scale of the destruction-physical, economic, and emotional-no one had real estimates of what the needs
and costs would be. As a result, the federal promise was loosely defined. Assistance was provided for immediate relief but a large portion of the aid was to flow to New York
over time as specific uses of the assistance were determined.
Web text supplement - Delays and disagreements over planning and financing the redevelopment of the World Trade Center site, as well as a weak market for
downtown office space, marked much of the first half decade following 9/11.
In 2009 the state law granting the Mayor control of the New York City public school system was renewed. That renewal included a requirement that the New York City
Independent Budget Office "enhance official and public understanding" of educational matters of the school system. The law also requires the Chancellor of the school system to provide IBO with the
data that they deem nevessary to conduct their analyses.
The Administration for Children's Services lists assistance to prevent the need for foster care as one of four components of its child welfare service system. The transition from a system that emphasizes foster care to one that focuses on preventing the need for foster care has been unsteady. This report looks at changes in the city's foster care and preventive services programs over the last decade, including enrollment, spending, and funding.
The Economic Development Corporation is required to issue annual reports on the discretionary economic incentive deals it makes with businesses and nonprofit organizations that affect New York City.
This New York City Independent Budget Office fiscal brief gives a background and data on the AIDS epidemic in New York City. Included in this brief are caseloads and finances related to treating AIDS, reflections on efforts being taken to combat the epidemic at the time, and projections for the future.
This report looks at how the resources, broadly defined, of New York's households and businesses were taxed by state and local governments, and at how those revenues
were distributed, both geographically and among major government functions.
The Bloomberg Administration issued its update of the budget for this fiscal year and financial plan for the ensuing years through 2015. The understated release reflects a
budget plan that appears to leave the city idling at a fiscal crossroads as Bloomberg Administration scans ahead, trying to discern where the roads may lead.
Includes IBO Expenditure Projections, IBO Revenue Projections, Pricing Differences Between IBO and the Bloomberg Administration, and IBO versus Mayor's Office
of Management and Budget Economic Forecasts
For years the city's real property transfer tax and mortgage recording tax, often referred to collectively as the transfer taxes, were a predictable source of city revenue.
This report presents the IBO's new economic forecast and tax revenue projections along with their review and adjustments of the Mayor's spending plans under
the Preliminary Budget for Fiscal Year 2013 and Financial Plan through 2016.
The reports have beomce one of the primary means for rating and reporting on the effectiveness of each of the city's schools. Education department administrators
use the reports for making decisions about which schools and principals to reward and conversely, determining which schools to close or principals to remove.
Recent legislation in Albany, including changes in the budget adopted last month and set to go into effect in April 2013, have been aimed at improving the ability of the city and state
to get reimbursements for Early Intervention services. IBO has examined claims data from 2002 through 2010 and considered the likelihood these legislative efforts will
reduce the program's reliance on city funds.
New York City Independent Budget Office - Budgeting is essentially a series of tradeoffs, as city officials seek to balance the level of services that can be provided with the revenues that must
be raised to fund those services. These tradeoffs lie at the heart of IBO's annual publication of Budget Options for New York City. The report offers many options for bringing services and resources into
balance.
Mayor Michael Bloomberg presented his Executive Budget for 2013 and four-year Financial Plan through 2016. This fiscal brief describes the taxes and economical situation of New York City.
Mayor Michael Bloomberg announced the largest city investment in housing construction in 2002. In 2005, he raised the amount of spending from $3 billion to $7.5 billion. Public Advocate Bill de Blasio looks at how the plan has evolved as fiscal conditions change.
The city's Department of Education typically assesses progress in raising proficiency rates by comparing scores on the state English Language Arts and amath tests of this year's third through eighth
graders with last year's. The IBO sought to identify any shifts in the achievement gap between students of different racial and ethnic backgrounds in the cohort they examined.
Since the 2001-2002 school year, there have been a dramatic increase in graduating students in high school. This article provides information and statistics of those in the Class of 2009 and how they relate to the percentages of dropouts and graduates. It also invesitgates what may be the cause of this increase in graduation rates.
This Fiscal Brief describes the effect of budget cuts on after-school programs for New York City children. Spending on after-school services, such as Out-of-School Time, have decreased, leading to major changes that affect the future of these programs.
This report lists the statistics of the High School Class of 2009, regarding the state mandated regents tests and the number of students who were deemed college ready based on them. This report uses each student's Regents exam results to track their progress towards graduation.