This report details the impact of the City's congestion pricing plan on those who commute into New York City. The plan seeks to reduce workday traffic by charging motorists for driving into Manhattan, though this has a mostly negative effect on the commuting residents.
This report details the City's economic and financial state for Fiscal Year 2007. The downturn in the nation's housing and mortgage markets produced budgetary risks for the City and revenue projections remain low. The City must work to overcome these challenges.
This report, prepared by William C. Thompson, Jr., the Comptroller, details the financial state of the City, as of June 30, 2007. The City completed the Fiscal Year with a General Fund surplus and the General Fund indicates the financial activity and legal compliance of the City. There has been financial success during the year.
This quarterly cash report covers July-September 2007, first quarter of fiscal year 2008. Included in this report are cash balances in revenue and expenditures for the quarter. Also included are information and comparative analyses between spendings in this quarter and in previous fiscal periods.
Mayor Michael Bloomberg more than doubled the goal initially set in 2003 for his New Housing Marketplace Plan. The Mayor now aims to create or preserve 165,000 units of affordable housing over
10 years and anticipates spending $7.5 billion to meet the production and preservation goals.
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.
An audit report was filed on November 5, 2007 on the compliance of RCN Telecom Services of New York Inc. with its Franchise and Open Video Agreements for the period January 1, 1999 to December 31, 2005. The audit determined whether RCN accurately reported its total revenue, calculated and paid the appropriate fee amounts to the City, made the required payments on time, and complied with certain non-revenue-related requirements of its agreements. It was determined that RCN complied with certain non-revenue-related requirements of the agreements, however, RCN failed to report $26,431,624 in revenue to the City for the audit period and lacked proper documentation for its operations. Recommendations were made to rectify these issues.