This fiscal brief by the New York City Independent Budget Office (IBO) addresses the City's new EarlyLearn program. The brief addresses its purpose, the initiative taken to implement it, and the challenges that face it. Also included are data related to funding and child care enrollment.
The IBO has modeled five scenarios and how each would alter the amount of federal income taxes paid by New Yorkers in 2013. For each of the five possible outcomes considered, IBO estimates how much in income
taxes would flow from the city to the federal treasury as well as how the amounts owed by New Yorkers at various income levels are affected.
Based on IBO's tax and spending projections under the Mayor's November 2012 Financial Plan, the city faces a budget shortfall of $811 million in the upcoming fiscal year, a relatively modest
1.6 percent of out forecast for city-generated revenues. IBO's projected shortfall for the following year, fiscal year 2015, is $1.7 billion, 3.1 percent of expected city-generated revenues.
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.
Despite the increased number of jobs in New York City between 2011 and 2012, employment of city residents did not increase, leaving the unemployment rate high and leading to an analysis of these contradictory statistics.
A chart showing the change in the population of those using homeless shelters and the funding of shelters from fiscal year 2008 to a projection of fiscal year 2018.
Over the last decade, the number of city residents receiving food stamps has more than doubled, while
public assistance recipients have decreased and the number of blind and disabled New Yorkers receiving
Supplemental Security Income benefits has remained flat.
This report by the New York City Independent Budget Office (IBO) shows the reestimate of the Mayor's preliminary budget for 2014 and financial plan through 2017. Included are detailed data on projections for revenues and expenditures, as well as comparisons on forecasts between IBO and the Mayor's Office of Management and Budget.
This New York City Independent Budget Office report examines the allocation of funds to schools through Fair Student Funding. Included in this document is the purpose of the program, its implementation in schools, data relevant to its implementation, and projections for future improvement.
The Bloomberg Administration is now proposing a major rezoning of East Midtown. Concerned that his new initiative would compete with Hudson Yards and slow the revnue growth neededto make
Hudson Yards self-supporting, Council Member Daniel Garodnick asked IBO to review city spending to date on the plan and to consider the short-term outlook for revenues at Hudson Yards.
With this publication, the IBO examines ways that the city could save money or raise revenue, and impartially analyze the pros and cons of each option. An option's inclusion in the volume does not
imply a recommendation, nor does the omission of an idea mean IBO does not consider it viable.