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?
With the release of our latest edition of Budget Options for New York City , IBO looks at dozens of ways to reduce city spending or raise revenues through tax, fee, or fine increases. As in past editions, a basic description of each budget option is presented along with a side-by-side discussion of key arguments for and against each measure's implementation.
FOCUS ON THE PRELIMINARY BUDGET: The Mayor proposes a faster roll-out of his 3-k initiative and continues to consolidate early education programs in the Department of Education.
Whether students with disabilities were recommended a paraprofessional differed based on the type of disability classification and the borough where the student attended school.