FOCUS ON THE PRELIMINARY BUDGET: Although the Governor’s budget would increase state aid for schools by over $800 million, the city’s share is less than the Mayor had expected in the Preliminary Budget for 2021.
In a 2015 plea agreement, BNP Paribas bank paid $8.9 billion in criminal penalties, including nearly $900 million to the city. Much of those funds remain unused.
The Mayor’s latest budget plan adds $23 million over the years 2020-2023 for his LeadFreeNYC initiative, and brings the total amount of funds budgeted for the program to $39 million. But that still leaves the program’s funding well short of the original commitment.
The city has committed more than $4 billion over 10 years that can be used to meet the terms of the settlement with federal officials for repairs at public housing developments across the city. Yet the full cost of the settlement is unclear, and may require additional city funds.
The Governor’s budget proposes that New York City—and just New York City—pay 10 percent of annual Family Assistance costs, a program that has been funded completely with federal dollars in the past.
Under the Mayor’s plan, the budget for summer jobs for youth would increase by more than $30 million, but the number of slots for participants would fall.
The fiscal condition of the city’s public hospitals may be looking better than in the recent past, but a prognosis of modest shortfalls remains for the years ahead.
We project that NYC tax revenue will grow from $61.0 billion this year to nearly $70.6 billion in 2023. Get the details behind the numbers in our projections for individual taxes.
Pursuant to Section 241 of the New York City Charter, the Queens Borough President submits its expense and capital priorities for Fiscal Year 2025 Executive Budget
City Council Changes As Adopted Schedules A and B to the Fiscal Year 2025 Expense and Contract Budget Resolutions - Resolution of the City Council to adopt the Expense and Contract Budget in accordance with the provisions of the Charter of the City of New York.
June 2024 Adopted Budget, Fiscal Year 2025 - Provides Resolution A changes to the Executive Capital Budget by budget line, including rescindment of amounts from prior capital budgets, as resolved by the City Council pursuant to Section 254 of the New York City Charter.
City Council Changes As Adopted Schedules A and B to the Fiscal Year 2024 Expense and Contract Budget Resolutions - Resolution of the City Council to adopt the Expense and Contract Budget in accordance with the provisions of the Charter of the City of New York.
June 2023 Adopted Budget, Fiscal Year 2024 - Provides Resolution A changes to the Executive Capital Budget by budget line, including rescindment of amounts from prior capital budgets, as resolved by the City Council pursuant to Section 254 of the New York City Charter.
June 2023 Adopted Budget, Fiscal Year 2024 - Provides Resolution A changes to the Executive Capital Budget by budget line, including rescindment of amounts from prior capital budgets, as resolved by the City Council pursuant to Section 254 of the New York City Charter.
City Council Changes As Adopted Schedules A and B to the Fiscal Year 2023 Expense and Contract Budget Resolutions - Resolution of the City Council to adopt the Expense and Contract Budget in accordance with the provisions of the Charter of the City of New York.
June 2022 Adopted Budget, Fiscal Year 2023 - Provides Resolution A changes to the Executive Capital Budget by budget line, including rescindment of amounts from prior capital budgets, as resolved by the City Council pursuant to Section 254 of the New York City Charter.
City Council Changes As Adopted Schedules A and B to the Fiscal Year 2022 Expense and Contract Budget Resolutions - Resolution of the City Council to adopt the Expense and Contract Budget in accordance with the provisions of the Charter of the City of New York.
June 2021 Adopted Budget, Fiscal Year 2022 - Provides Resolution A changes to the Executive Capital Budget by budget line, including rescindment of amounts from prior capital budgets, as resolved by the City Council pursuant to Section 254 of the New York City Charter.
City Council Changes As Adopted Schedules A and B to the Fiscal Year 2021 Expense and Contract Budget Resolutions - Resolution of the City Council to adopt the Expense and Contract Budget in accordance with the provisions of the Charter of the City of New York.
June 2020 Adopted Budget, Fiscal Year 2021 - Provides Resolution A changes to the Executive Capital Budget by budget line, including rescindment of amounts from prior capital budgets, as resolved by the City Council pursuant to Section 254 of the New York City Charter.
The Report on Capital Debt and Obligations advises as to the maximum amount and nature of debt which, in the Comptroller’s opinion, the City may legally and soundly incur for capital projects during each of the four succeeding fiscal years.
City Council Changes As Adopted Schedules A and B to the Fiscal Year 2020 Expense and Contract Budget Resolutions - Resolution of the City Council to adopt the Expense and Contract Budget in accordance with the provisions of the Charter of the City of New York.
June 2019 Adopted Budget, Fiscal Year 2020 - Provides Resolution A changes to the Executive Capital Budget by budget line, including rescindment of amounts from prior capital budgets, as resolved by the City Council pursuant to Section 254 of the New York City Charter.
Reports on implementation milestone schedules for capital construction projects. It includes dates for the completion of scope, design and construction, and reasons for delays in any such dates.
Reports on implementation milestone schedules for capital construction projects. It includes dates for the completion of scope, design and construction, and reasons for delays in any such dates.
Reports on implementation milestone schedules for capital construction projects. It includes dates for the completion of scope, design and construction, and reasons for delays in any such dates.
Reports on implementation milestone schedules for capital construction projects. It includes dates for the completion of scope, design and construction, and reasons for delays in any such dates.
Reports on implementation milestone schedules for capital construction projects. It includes dates for the completion of scope, design and construction, and reasons for delays in any such dates.
Reports on implementation milestone schedules for capital construction projects. It includes dates for the completion of scope, design and construction, and reasons for delays in any such dates.
This Report presents the results of the June 30, 2018 (Lag) actuarial valuation of the benefits
under both the New York City Teachers’ Retirement System (TRS) and Group Life Insurance
Plan (collectively, the Plan).
This Report presents the results of the June 30, 2018 (Lag) actuarial valuation of the benefits
under both the New York City Police Pension Fund (POLICE) and Group Life Insurance Plan
(collectively, the Plan).
This Report presents the results of the June 30, 2018 (Lag) actuarial valuation of the benefits
under both the New York City Fire Pension Fund (FIRE) and Group Life Insurance Plan
(collectively, the Plan).
This Report presents the results of the June 30, 2018 (Lag) actuarial valuation of the benefits
under both the New York City Employees’ Retirement System (NYCERS) Qualified Pension Plan
and Group Life Insurance Plan (collectively, the Plan).
This Report presents the results of the June 30, 2018 actuarial valuation of the benefits under
both the New York City Board of Education Retirement System (BERS) Qualified Pension Plan
and Group Life Insurance Plan (collectively, the Plan).
City Council Changes As Adopted Schedules A and B to the Fiscal Year 2019 Expense and Contract Budget Resolutions - Resolution of the City Council to adopt the Expense and Contract Budget in accordance with the provisions of the Charter of the City of New York.
June 2018 Adopted Budget, Fiscal Year 2019 - Provides Resolution A changes to the Executive Capital Budget by budget line, including rescindment of amounts from prior capital budgets, as resolved by the City Council pursuant to Section 254 of the New York City Charter.
Debt for the City of New York (the “City”) has grown from $4,923 per capita in FY 2000 to $10,399 per capita in FY 2018, an increase of 111 percent. Over the same period, New York City personal income grew by 109 percent and New York City local tax revenues by 166 percent.
This Report presents the results of the June 30, 2017 actuarial valuation of the benefits under
both the New York City Teachers’ Retirement System (TRS) and Group Life Insurance Plan
(collectively, the Plan).
This Report presents the results of the June 30, 2017 (Lag) actuarial valuation of the benefits
under both the New York City Police Pension Fund (POLICE) and Group Life Insurance Plan
(collectively, the Plan).
This Report presents the results of the June 30, 2017 (Lag) actuarial valuation of the benefits
under both the New York City Fire Pension Fund (FIRE) and Group Life Insurance Plan
(collectively, the Plan).
This Report presents the results of the June 30, 2017 (Lag) actuarial valuation of the benefits
under both the New York City Employees’ Retirement System (NYCERS) Qualified Pension Plan
and Group Life Insurance Plan (collectively, the Plan).
This Report presents the results of the June 30, 2017 actuarial valuation of the benefits under
both the New York City Board of Education Retirement System (BERS) Qualified Pension Plan
and Group Life Insurance Plan (collectively, the Plan).
This Report presents the results of the June 30, 2016 actuarial valuation of the benefits under
both the New York City Teachers’ Retirement System (TRS) Qualified Pension Plan and Group
Life Insurance Plan (collectively, the Plan).
This Report presents the results of the June 30, 2016 actuarial valuation of the benefits under
both the New York City Police Pension Fund (POLICE) and Group Life Insurance Plan
(collectively, the Plan).
This Report presents the results of the June 30, 2016 (Lag) actuarial valuation of the benefits
under both the New York City Fire Pension Fund (FIRE) and Group Life Insurance Plan
(collectively, the Plan).
This Report presents the results of the June 30, 2016 (Lag) actuarial valuation of the benefits
under both the New York City Employees’ Retirement System (NYCERS) Qualified Pension Plan
and Group Life Insurance Plan (collectively, the Plan).
This Report presents the results of the June 30, 2016 actuarial valuation of the benefits under
both the New York City Board of Education Retirement System (BERS) Qualified Pension Plan
and Group Life Insurance Plan (collectively, the Plan).
February 2019 Financial Plan, Fiscal Years 2019 - 2023. Highlights the Mayor's proposed budget initiatives; including estimates of expenditures and revenues; proposed expenditure reductions, recommended federal and State actions; the Capital Plan and financial program for the next four fiscal years.
January 2020 Financial Plan, Fiscal Years 2020 - 2024. Highlights the Mayor's proposed budget initiatives; including estimates of expenditures and revenues; proposed expenditure reductions, recommended federal and State actions; the Capital Plan and financial program for the next four fiscal years.
January 2021 Financial Plan, Fiscal Years 2021 - 2025 - Highlights the Mayor's proposed budget initiatives; including estimates of expenditures and revenues; proposed expenditure reductions, recommended federal and State actions; the Capital Plan and financial program for the next four fiscal years.
April 2022 Executive Budget, Fiscal Year 2023 - Highlights the Mayor's proposed budget initiatives; including estimates of expenditures and revenues; proposed expenditure reductions, recommended federal and State actions; the Capital Plan and financial program for the next four fiscal years.
April 2021 Executive Budget, Fiscal Year 2022 - Highlights the Mayor's proposed budget initiatives; including estimates of expenditures and revenues; proposed expenditure reductions, recommended federal and State actions; the Capital Plan and financial program for the next four fiscal years.
February 2022 Financial Plan, Fiscal Years 2022 - 2026 -Highlights the Mayor's proposed budget initiatives; including estimates of expenditures and revenues; proposed expenditure reductions recommended federal and State actions; the Capital Plan and financial program for the next four fiscal years.
April 2023 Executive Budget, Fiscal Year 2024 - Highlights the Mayor's proposed budget initiatives; including estimates of expenditures and revenues; proposed expenditure reductions, recommended federal and State actions; the Capital Plan and financial program for the next four fiscal years.
January 2023 Financial Plan, Fiscal Years 2023 - 2027 -Highlights the Mayor's proposed budget initiatives; including estimates of expenditures and revenues; proposed expenditure reductions recommended federal and State actions; the Capital Plan and financial program for the next four fiscal years.
January 2024 Financial Plan, Fiscal Years 2024 - 2028 -Highlights the Mayor's proposed budget initiatives; including estimates of expenditures and revenues; proposed expenditure reductions recommended federal and State actions; the Capital Plan and financial program for the next four fiscal years.