IBO’s fiscal outlook report presents our latest economic forecast for the city along with our projections of revenues and expenditures under the Mayor’s November financial plan.
NYC BY THE NUMBERS: The Old Farmer’s Almanac says the Northeast may be in for a snowy winter. Regardless of such predictions, the city budgets for snow removal based on a formula in the City Charter. Some years this leads to savings, other years shortfalls. What’s the cost of digging out?
BUDGET OPTIONS FOR NYC: We present 14 more ways the city can cut costs or raise revenue, with some pro and cons for each of the measures. Our compilation now includes more than 100 budget options.
The New York City Independent Budget Office today released 14 more measures that could reduce city spending or raise tax and other revenues as the city faces a difficult fiscal climate.
While most New York City employees cannot receive pensions until they turn 62, police officers and firefighters can retire at any age after they have met their required number of years of service. Since 2010, how many of them began receiving pensions before turning 50?
]Roughly 150,000 special education students in New York City schools receive speech therapy and other “related services.” Many students are supposed to receive one or more services multiple times a week. With hybrid schedules, how many can receive their services in person?
DATA TABLES: We have updated the fiscal history section of our website with new data on New Yorkers’ income and personal income tax liability. The new data, the latest available, covers tax years 2017 and 2018.
In 2016, the Mayor and City Council provided the libraries with a substantial hike in their subsidies with the aim of increasing public access and use of the more than 200 library branches across the five boroughs. How well have those goals been met?