Preliminary data for fiscal year 2014 indicate the city received about $41 million in revenue from camera-generated redlight, bus-lane, and now speeding summonses, as well as $14 million in ticket revenue from traffic violations written up by police officers.
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.
This brief, which was commissioned by the New York City Department of Consumer Affairs’ Office of Financial Empowerment, examines both sides of people's balance sheets; that is, both their savings and debt levels.
The City Charter requires that the Office of Management and Budget (OMB) publish documentation of forecasting methodologies used for projecting tax revenues for those taxes which account for five percent or more of total City tax revenues.
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.
DCA, Consulate General of Mexico, and Citi released a report on the first year of the Ventanilla de Asesoría Financiera (Financial Empowerment Window), outlining the program's origin, design, implementation, successes, challenges, and lessons learned.