FOCUS ON THE PRELIMINARY BUDGET: NYC Health + Hospitals still faces considerable fiscal hurdles, with more than $1 billion in hoped for federal and state aid still not approved and efforts lagging to shift more of the public hospital system's health care to outpatient services. And the potential gutting of the federal Affordable Care Act would likely mean the city hospitals would be providing more unreimbursed care for an increasing number of uninsured patients.
FOCUS ON THE PRELIMINARY BUDGET: Foundation Aid, the state's primary aid to New York's public schools, is once again falling short of expectations under the Governor's budget compared with amounts set under a 2007 legislative agreement to settle the Campaign for Fiscal Equity lawsuit
FOCUS ON THE PRELIMINARY BUDGET: City support for charter schools is likely to be substantially higher than the amount the de Blasio Administration has budgeted. The increase is driven by two factors: higher charter school enrollment than currently projected in the budget and likely changes to the state formula that sets the amount the city must provide for each charter school student.
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.