The New Housing Marketplace Plan is Mayor Bloomberg's 10-year plan to create or preserve 165,000 units of affordable housing. The original five-year plan, announced in 2003, called for 65,000
units by 2008, but was expanded in February 2006 to a 10-year plan, ending in 2013, with a goal of 165,000 units.
The financial emergency act was enacted in 1975 in response to NYC's historic financial crisis. After years of incurring substantial operation deficits, papered over with short-term borrowing, all masked
by inadequate reporting and accounting controls, the city found itself unable to sell its short-term notes in the credit markets in the spring of 1975.
Bloomberg proposed a 50-cent increase in the city's tax on cigarettes. The Mayor argued that raising the price of cigarettes, by increasing taxes, has proven to be a very effective method of
reducing smoking.
This New York City Independent Budget Office (IBO) fiscal brief addresses the disproportionate spending on students and general education in schools. The report includes data and analyses addressing the school system, general spending patterns in schools, teacher salaries, and other demographic related information.
This New York City Independent Budget Office (IBO) fiscal brief addresses the initiatives taken to tackle the disproportionate spending on students and general education in schools. The report includes the plan for the new funding formula as well as the impact and responses it has created. Also provided are data and analyses addressing the school system, general spending patterns in schools, the model for the spending changes, and other demographic related information.
This report addresses the questions regarding the funding of vocational high schools and related matters. It includes information regarding the recent funding and spending trends of the City and the status of the schools that meet state and federal standards.
Fiscal Year 2007 has eliminated or reduced the budget gaps for fiscal years 2008-2010. The Comptroller's review of the Financial Plan for fiscal years 2008-2011 suggests that the gaps can be lower due to revenue collections than what the City estimates. The Comptroller's Office's revenue adjustments reflect a more optimistic forecast than the City's. This document includes the Comptroller's comments on the financial plan and the outcomes of fiscal year 2007.
This New York City Independent Budget Office (IBO) fiscal brief addresses the decreasing value of the City's subsidies to its three public library systems. The report addresses the purpose, importance, and use of the subsidies and analyzes the trend of the growing disparities among the library systems.
This New York City Independent Budget Office (IBO) fiscal brief addresses the new federal rules for welfare programs that went into effect in 2006. The report addresses the introduction of the new rules, their purpose and impact on the current programs, analyses, and projections for the future of these programs.