FOCUS ON THE PRELIMINARY BUDGET: With the addition of more capital funding, the Department of Housing Preservation and Development is expanding its Our Space program to build housing for New Yorkers currently living in the city's homeless shelters.
FOCUS ON THE PRELIMINARY BUDGET: Despite an increase in the hiring of new correction officers, overtime spending by the Department of Correction has continued to climb as new policies and programs are put into place.
Governor Cuomo's latest proposal for reviving the 421-a tax break for housing development has several new features. The Mayor's preliminary budget did not account for the potential cost of this new iteration of 421-a. How much more could this cost the city in forgone tax revenue? IBO's estimate.
FOCUS ON THE PRELIMINARY BUDGET: This Report presents IBO's latest economic and revenue forecast, including projections for job and wage growth and real estate sales in the city. Get the detailed projections and analysis.
FOCUS ON THE PRELIMINARY BUDGET: The plan for capital spending in fiscal years 2017 through 2020 has grown under the Mayor's latest capital commitment plan, which accompanied the preliminary budget. Along with the growth in planned spending comes and increase in expected borrowing
IBO has produced a new economic and tax revenue forecast for the city as well as re-estimated city expenditures based on the Mayor's Preliminary Budget for 2018 and Financial Plan Through 2021. An overview of our findings.
Under the Mayor's spending plan, the budget for the Department of Education will reach nearly $24.4 billion next year. That's up from about $17 billion in 2008. What's been driving the increase?
The number of adults and families in the city's homeless shelters and the budget for the Department of Homeless Services have both reached record levels this fiscal year. Does the Mayor's preliminary budget for next year include adequate funding for the shelter system?
Mayor Bill de Blasio is again calling for the implementation of a “mansion tax:” a surcharge on the sale of high-end residences in the city. The Mayor made this one of the featured proposals in his state of the city speech as well as in recent testimony to the state Legislature.