IBO updated the Fiscal History section of its website with Fiscal Year 2021 data on staffing and spending. Explore citywide numbers or drill down to the agency, as well as debt service, and revenues.
As part of our recently released Education Indicators, IBO examined what impact living in a low-income neighborhood may have on student achievement, as well as how attending a school with a higher concentration of students from low-income neighborhoods affects individual achievement.
IBO presents 10 new ways NYC can cut costs or raise revenue. As with all of our 100+ options, we neither endorse nor reject the ideas. See the descriptions & estimates of revenues/savings, with pros & cons for each option.
New York State has proposed a plan to develop 10 new, mixed-use towers around Penn Station & to use the property tax revenue generated to finance the reconstruction & possible expansion of the country’s busiest train station. We examine what is included in the state’s plan & the fiscal implications
In our report on the Executive Budget, IBO presents our projections of tax revenues, our reestimates of spending under the Mayor’s proposals, and the resulting budget gaps and surpluses. The report also features our latest economic forecast, as well as outstanding risks.
EXECUTIVE BUDGET FOCUS: Mayor Adams has made investing in public safety a top priority of his early administration. IBO examines what programs under this umbrella have received increases in funding in the Mayor’s first two budget proposals, as well as other programs that have not.
The Mayor’s Executive Budget for FY 2023 restored some funding for the city’s organics recycling program, which suffered cuts in the Mayor’s previous budget proposal. However, none of the reinstated funding is for the expansion of the city’s curbside collection program.
Without action from state lawmakers last week, the 421-a tax exemption will expire on June 15, 2022. However, even if the program is not renewed in a future session, it will continue to cost the city property tax revenue for years to come.
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
IBO Assistant Director Sarita Subramanian's testimony to the New York City Council on the city’s Fiscal Year 2023 Adopted Budget’s impact on school budgets.
While 421-a Affordable New York has expired, talks on the future of the city’s largest tax expenditure continue. IBO examined how many affordable units it created since its start through June 2021, what incomes they serve, and how many received other subsidies.
The FDNY coordinates ambulance response to the about one million medical emergencies reported over the 911 system in the city each year. About a quarter of those emergencies are ALS, incidents involving heart attacks and other very serious conditions. IBO analyzes response times of these units.
In a series of charts and graphs, IBO compares enrollment changes during the first full school year impacted by the pandemic (20-21) with the second school year that just ended (21-22). We explore the different trends among the city’s traditional public schools and its charter schools.
In addition to the federal Covid-19 relief funds allocated to NYCs traditional public schools through the DOE, the city’s charter schools also received their own federal aid to help ease the impacts of the pandemic. IBO explores how much aid NYC’s roughly 300 charter schools received.
ACS's contracts with nonprofit agencies to provide foster care services to children who cannot remain safely in their homes. The city is in the process of rebidding those contracts, with new ones set to begin next fiscal year. In this brief, IBO explores the changes expected under the new contracts.