FOCUS ON THE PRELIMINARY BUDGET: The Mayor's budget includes millions of dollars in new funding to cover the cost of an annuity fund for school staff that guarantees 8.25 percent returns a year.
FOCUS ON THE PRELIMINARY BUDGET: As the city's public hospitals have faced ongoing fiscal challenges, the de Blasio Administration has increased the city's funding for the system.
FOCUS ON THE PRELIMINARY BUDGET: Questioning local efforts, Governor Cuomo's budget plan proposes new oversight and administrative burdens for the city's homeless services. But the de Blasio Administration and City Council have already expanded key outreach and prevention programs-for which the state provides no support.
Over the past five years, total federal aid to New York City has declined from $7.9 billion in 2011 to just under $7.0 billion in 2015, a decrease of roughly $933 million, or nearly 12 percent. The change was mainly due to the drop in American Recovery and Reinvestment Act federal stimulus dollars.
In light of two recent high-profile school rezoning controversies in which overcrowded schools serving higher income students existed near underutilized schools largely populated by students in public housing, IBO examined the distribution of students from public housing across NYC public schools.