Project description required to be submitted to the speaker where the project receives financial assistance but the project is not required to be submitted for consideration to a Community Board, Borough Board or the City Council
New York State has proposed a plan to develop 10 new, mixed-use towers around Penn Station & to use the property tax revenue generated to finance the reconstruction & possible expansion of the country’s busiest train station. We examine what is included in the state’s plan & the fiscal implications
IBO presents 10 new ways NYC can cut costs or raise revenue. As with all of our 100+ options, we neither endorse nor reject the ideas. See the descriptions & estimates of revenues/savings, with pros & cons for each option.
As part of our recently released Education Indicators, IBO examined what impact living in a low-income neighborhood may have on student achievement, as well as how attending a school with a higher concentration of students from low-income neighborhoods affects individual achievement.
IBO has updated two sections of its Education Indicators: Student Attendance (data on average attendance and chronic absenteeism rates in traditional public schools) & Student Achievement (standardized test scores for grades 3-8 and Regents exam performance for high school students).
Anticipating a reduction in rental income, NYC sharply reduced the assessments used to calculate ‘22 tax bills. These reductions turned out to be an overestimate & the ’23 tax roll now reflects this as projected growth. IBO examines the reason for the change.