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Despite the better-than-expected revenue projections, New York City still faces budget deficits of $4.2 billion in fiscal year 2027, $5.4 billion in 2028 and $5.1 billion in 2029, according to the ...
New York City has already spent more than $9.6 billion on migrant costs over the past two years amid a surge of more than 200,000 asylum seekers who've arrived in the city following a historic ...
It was because of this reputation that in 2009 IBO's role was extended beyond budget analysis as part of a plan to renew mayoral control of the New York City school system. [ 15 ] [ 16 ] The agency was empowered to monitor and report on all aspects of the New York City Department of Education , and state lawmakers accordingly increased IBO's ...
NEW YORK — More details have emerged about the new round of budget cuts Mayor Eric Adams announced over the weekend — with a hiring freeze, overtime reductions and the suspension of temporary ...
New York's public transit system will stop work on a planned subway line expansion and retreat from other maintenance and improvement projects because of a $16.5 billion shortfall caused by Gov ...
The Budget Director also serves ex officio on various boards, including the New York City Municipal Water Authority, which issues bonds for the capital plan of the NYC Department of Environmental Protection, [9] the New York City Transitional Finance Authority, and TSASC, Inc., a local development corporation whose debt is secured by tobacco ...
The New York City government's budget is the largest municipal budget in the United States, [2] totaling about $112.4 billion in 2024. It employs 250,000 people, spends $23.5 billion to educate more than 1.1 million children, levies $27 billion in taxes, and receives $14 billion from federal and state governments.
The highlights of New York City Mayor Eric Adams' latest budget proposal include more cash for the NYPD, more guards at city jails, cheaper childcare for low-income families, more shelter beds for ...