The Mayor struck deals with the city's two largest labor unions in June that provide paid parental leave to more than 200,000 municipal workers. The two deals have a number of major differences. IBO takes a closer look, examining the assumptions and estimating the costs to the city.
Following cutbacks in traditional federal aid for repairing or replacing public housing, the U.S. Department of Housing and Urban Development created new programs that rely on leveraging private dollars to help address the needs of deteriorating housing developments nationwide.
The deaths of two young children in 2016 sent shock waves through the city's child welfare system. The number of reports of suspected child abuse or maltreatment escalated in the following months. Did this result in more substantiated cases of abuse? More children placed under court supervision or in foster care? IBO explores these and related questions
IBO has substantially revised and updated its guide to the city's capital budget. The readable, full-color guide outlines the key components of the capital budget and the timeline and process for adopting it. The guide also provides an overview of how the city raises capital funds and how those dollars are spent.
As part of the effort to improve its fiscal health, New York City Health + Hospitals is counting on increased enrollment in its health insurance sudsidiary, MetroPlus.
Last fiscal year, there were more than 58,000 admissions to the city’s jails. Most of these admissions were of inmates who had previously been in city custody.
FOCUS ON THE EXECUTIVE BUDGET: We presents our analysis of the de Blasio Administration's Executive Budget for 2019 and financial plan through 2022, including IBO's projections of budget gaps and surpluses. The report provides our latest economic forecast along with our estimates for tax revenue collections and spending based on the Mayor's plan.
The New York City Department for the Aging spent about $110 million in fiscal year 2017 to support programs at nearly 250 senior centers throughout the city.
Last year NYC's five pension systems for municipal employees paid $12.9 billion in benefits to more than 332,000 retirees or their beneficiaries. While many retired city workers remain in the five boroughs, many others collect their pension checks in states and counties all around the country.
REPORT: With City Hall set to name a property tax reform commission, IBO has run the numbers for two scenarios that address a couple of key disparities in residential property tax burdens. We do this while keeping total taxes collected revenue neutral, as the Mayor has urged. So who wins and who loses?