EXECUTIVE BUDGET FOCUS: With a boost from federal Covid-related funds, the Mayor’s budget plan enables the sanitation department to restart a variety of program cut during the recent budget crunch.
Our data detailing school spending since 1990 has been updated and now features interactive charts and graphs. It includes information on per pupil spending, revenue sources, and school debt service and pension costs.
The New York City Independent Budget Office released a new video series( it developed to enable students, parents, and advocates to navigate New York City public school budgets.
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.
FOCUS ON THE PRELIMINARY BUDGET: With planned capital expenses growing over the next five years, the cost of debt service will also increase, but probably not by as much as OMB expects.
Build and the Industrial Development Agency play important roles in helping to finance economic development and job creation in the city, yet they are not city agencies. This report looks at their history.
The financial emergency act was enacted in 1975 in response to NYC's historic financial crisis. After years of incurring substantial operation deficits, papered over with short-term borrowing, all masked
by inadequate reporting and accounting controls, the city found itself unable to sell its short-term notes in the credit markets in the spring of 1975.
IBO analysis of shows that the DOE requires additional city funding to continue programs funded with federal Covid aid, for Carter Cases, charter schools and more.