FOCUS ON THE PRELIMINARY BUDGET: Over the past three years, the state has forced New York City to shoulder an increasing amount of annual child welfare and juvenile justice costs. The Governor’s budget for 2021 would continue this pattern.
Around the country, policymakers and environmental advocates have been lobbying and pursing legislation that allows jurisdictions to address excessive stormwater through the enactment of stormwater fees. IBO examined the fiscal impact of a potential stormwater fee in New York City.
IBO presents a comprehensive analysis of the 2020 Executive Budget & Financial Plan through 2023, including our projections of spending, revenue, & budget gaps & surpluses under the Mayor’s proposals. The report also features our latest economic forecast & an analysis of the Mayor’s saving plan.
From an analysis conducted on Mayor Bloomberg's Executive Budget for 2014 and Financial Plan through 2017 for the City, it is projected that the city will end each fiscal year with a surplus. However, the city still faces fiscal issues, with federal funds being cutback and new contracts for employees being developed, which may have a negative impact on the city's expenses.
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.