This report, published by the Independent Budget Office, details the fiscal impact of the proposed Atlantic Yards arena in Brooklyn. It was found that over a 30-year period, the arena will cost the city more than it will generate in tax revenues. However, the arena will fiscally benefit the state, as well as create many new jobs.
This Independent Budget Office Fiscal Brief addresses the increased City funding for arts and cultural groups for fiscal year 2008. Data, information, and analyses are provided on the new funding allocation system and its effect on art groups and the economy in New York City. This change had several goals: to make sure more of these program funds were available to more groups, to adopt a peer-panel review system that would award grants on a competitive basis, and to foster some level of fiscal stability among larger organizations by providing them with multiyear awards.
This Independent Budget Office fiscal brief addresses the increase in spending to assist inmates leaving jail in assimilating back into society. This report analyzes addresses old and current program efforts to tackle this issue and their expenses. Projections for future plans to increase these efforts are also included.
This Independent Budget Office report focuses on the Mayor's executive budget plan for 2010. Included is an overview of the state of the economy and analyses of the plan and current expenditures. Information is provided on revenue as well, and current actions taken that affect the budget plan.
This report, by the New York City Independent Budget Office (IBO), analyzes the Mayor's Preliminary Budget for 2010 and Financial Plan through 2013. The IBO compares their economic and revenue forecasts against the Mayor's, as well as examines his key budget proposals.
The City of New York faces financial pitfalls going into the next Fiscal Year, forcing the City to find and implement solutions that will increase savings and revenues. This report details over fifty financial options the City can take to improve its economic state. In addition, New York City's Independent Budget Office presents arguments for and against implementing each of these options. The goal is to analyze each option to figure out the best solution for the City.
IBO investigates the reason why there was an increase in the cost of Yankee Stadium-related parks. This report includes the background and facilities of the parks.
After examining the information during fiscal year 2008, IBO presents its economic outlook for the year 2009, claiming that there will be a decease in jobs and an increase in the budget gap.
This IBO report examines the distribution of ICIP benefits and describes the programmatic changes between ICIP and the new Industrial and Commercial Abatement Program.
This report summarizes the City and State's response to the Metropolitan Transportation Authority's (MTA's) request for more city and state aid. Mayor Michael Bloomberg and Govenor David Paterson agree that the city and state already provides the MTA with an ample amount of aid; if this request is filled, it will further City Hall and Albany's fiscal difficulties. This report delineates the different funding streams that affect the MTA and provides background on how their current levels of aid are determined.