Includes IBO Expenditure Projections, IBO Revenue Projections, Pricing Differences Between IBO and the Bloomberg Administration, and IBO versus Mayor's Office of Management and Budget
Economic Forecasts.
Despite the increased number of jobs in New York City between 2011 and 2012, employment of city residents did not increase, leaving the unemployment rate high and leading to an analysis of these contradictory statistics.
This report by the New York City Independent Budget Office (IBO) shows the reestimate of the Mayor's preliminary budget for 2014 and financial plan through 2017. Included are detailed data on projections for revenues and expenditures, as well as comparisons on forecasts between IBO and the Mayor's Office of Management and Budget.
This New York City Independent Budget Office report examines the allocation of funds to schools through Fair Student Funding. Included in this document is the purpose of the program, its implementation in schools, data relevant to its implementation, and projections for future improvement.
The Bloomberg Administration is now proposing a major rezoning of East Midtown. Concerned that his new initiative would compete with Hudson Yards and slow the revnue growth neededto make
Hudson Yards self-supporting, Council Member Daniel Garodnick asked IBO to review city spending to date on the plan and to consider the short-term outlook for revenues at Hudson Yards.
With this publication, the IBO examines ways that the city could save money or raise revenue, and impartially analyze the pros and cons of each option. An option's inclusion in the volume does not
imply a recommendation, nor does the omission of an idea mean IBO does not consider it viable.
From an analysis conducted on Mayor Bloomberg's Executive Budget for 2014 and Financial Plan through 2017 for the City, it is projected that the city will end each fiscal year with a surplus. However, the city still faces fiscal issues, with federal funds being cutback and new contracts for employees being developed, which may have a negative impact on the city's expenses.
This New York City Independent Budget Office (IBO) report shows the New York City public school indicators on demographics, resources, and outcomes. This document includes a background on public schools and data on these schools related to diversity and performance.
This New York City Independent Budget Office (IBO) report shows the initiatives taken New York City to improve its response to medical emergencies. Analyzed in this report are data and information regarding the costs of having a stronger initiative as well as the improvements made over the time period 1999 to 2011.
This updated guide to the New York City Capital Budget by the Independent Budget Office addresses the intricacies and the operations that go behind managing the budget. The document defines the capital budget, its components, and the various resources that contribute to it.
This report summarizes the fare and toll increases implemented by the Metropolitan Transportation Authority (MTA) to accommodate the fiscal health of the city from 1996 to 2013. Given the financial pressures the MTA continues to face, fare increases are likely to continue.
The Mayor’s latest capital plan adds more funding for the development and preservation of housing over the next five years. Which programs are getting an increase?
LETTER: How much would it cost to have a social worker in every New York City public school? Manhattan Borough President Gale Brewer asked—and we answered.
EXECUTIVE BUDGET FOCUS: After years of struggle, NYC Health + Hospitals’ fiscal condition has improved. Part of the elixir has been increased city support. But will this support be able to continue?
When a low-income household loses their income or faces an extraordinary bill, they can face a utilities cutoff--or eviction. Did the pandemic lead to a surge in one-time emergency housing grants by the city?
EXECUTIVE BUDGET FOCUS: With a boost from federal Covid-related funds, the Mayor’s budget plan enables the sanitation department to restart a variety of program cut during the recent budget crunch.
For years, nonprofit social & human service providers have contended that city contracts did not fully cover indirect costs such as rent & utilities. The de Blasio Admin promised more funding, then reduced the allocation. Now the initiative to support indirect costs is fully funded—but for how long?
While there’s been much attention to the de Blasio Administration’s expansion of pre-k and 3-k, after-school programs for elementary and middle school students also have substantially increased. We track the rise in enrollment and spending since 2014.
In recent years annual revisions to federal labor force data for New York City have been large and hard to anticipate. These revisions have been further complicated by some unusual recent trends in local employment. We take a closer look.
IBO presents a comprehensive analysis of the 2020 Executive Budget & Financial Plan through 2023, including our projections of spending, revenue, & budget gaps & surpluses under the Mayor’s proposals. The report also features our latest economic forecast & an analysis of the Mayor’s saving plan.
In contrast to NYC's explosive growth in new jobs since the 2008-09 recession, the average number of hours worked each week has trended downward over the past decade. We compare the trend here, which may partly explain why wage growth has been relatively modest, with other U.S. metropolitan areas.
New York State real property tax law establishes the 421-a property tax exemption for the construction of new multifamily housing in the city. This map shows where & what types of buildings receive these breaks.
The average time in city jails credited to inmates newly sentenced to state prisons from Bronx courtrooms grew to 15.7 months in 2012, about six months more than the average in the remainder of the city. Lowering this average could save NYC money.
Medicaid trends from 2008 through 2012:
+28.6% increase in the average number of service units per child +7.6% increase in the average cost per service unit
When Mayor Bloomberg presented his last budget plan in November, he noted that the city’s full-time and full-time
equivalent headcount had fallen by 15,368 since December 31, 2001. But staffing levels since the end of fiscal year 2002, tell a different story.
Twenty-one percent of the households that moved out of New York City in 2012 moved within New York State—either to the city’s suburbs or further upstate.
From June 2006 through June 2013, the number of New York City residents receiving food stamps (now known as the Supplemental Nutrition Assistance Program, or SNAP) increased by 71.1 percent, from 1.1 million to 1.9 million.
Over the years 2002-2012, about 60 percent of the more than 75,000 homeless families with children entering the city’s shelter system had either a building with rent regulated apartments (43 percent) or a New York City Housing Authority development (16 percent) listed as their last address.
The city makes an annual payment to the Metropolitan Transportation Authority (MTA) to support the authority’s capital program. NYPIRG’s Straphangers Campaign asked IBO to review the annual contributions to see if they have kept pace with inflation.
The 421-a property tax exemption is the city’s largest tax expenditure, costing more than $1 billion
in forgone taxes each year. The exemption dates back to the 1970s and is currently up for renewal
in Albany.
IBO’s review of New York City’s spending on antismoking programs finds that spending levels
have varied widely in recent years—and that after trending downward the local adult smoking rate has been increasing.
In 2009, the city’s Department of Cultural Affairs concluded a multiyear initiative to reform the Cultural Development Fund, the primary source of city funding for hundreds of arts and cultural organizations throughout the five boroughs.