Independent Budget Office

  • Blogs

    April 23, 2014

    NYC Charter School Enrollment: from 2K to 59k in a Decade

    During the 2002-2003 school year, 2,400 kids attended a charter school in New York City. Last year, 59,000 kids did. Over that time, enrollment in traditional public schools and in Catholic schools dropped. The stats, released in a recent Independent Budget Office analysis and first reported by ... More >>

  • News

    January 8, 2014

    Education Supplement: Charter Corrections

    As a new mayor moves to rein in charter schools, a Bushwick administrator navigates an unclear future

  • Blogs

    October 7, 2013

    Patrick Lynch, PBA President, Says Ending NYPD Quotas, Not Adding More Oversight, is the Answer

    Patrick Lynch, the president of the New York City Patrolmen's Benevolent Association, says the solution to the stop and frisk controversy is not more oversight, but a commitment from the NYPD to eliminate quota pressure on police officers. "The answer lies not in enforcing a judge's ruling or liste ... More >>

  • Blogs

    October 4, 2013

    Bloomberg's Favorite Developer Slated to Get Another Huge Hudson Yards Tax Break--Taxpayers Pay the Penalty

    The Bloomberg administration is preparing to hand another $328 million in tax breaks to its favored developer, The Related Companies, for ... get this ... a fancy shopping mall and a high-end office skyscraper in the Hudson Yards project on the west side of Manhattan. [A early mockup of the finished ... More >>

  • Blogs

    June 21, 2013

    City's Most Awesome Tax Breaks Clustered in Richest Areas

    Surprise! The vast majority of residential buildings that get the city's lavish 421a property tax breaks are located in the wealthiest districts. So says a map provided by the Independent Budget Office. Per the IBO, in all, the tax breaks cost the city $1 billion a year in uncollected revenue. Mor ... More >>

  • Blogs

    June 6, 2013

    The Next Educator-in-Chief: What Will the New Mayor Do With a $25 Billion Budget?

    The numbers for the Education budget are in and, once again, they're groundbreaking: In fiscal year 2014, City Hall will spend $25 billion--the most in New York City history--on a line item that takes up about a third of the overall city budget. But, with an election coming up, determining Bloomberg ... More >>

  • Blogs

    May 30, 2013

    The UFT & PBA's Demand for Payback From New Mayor Faces Budget Realities

    October 31st, 2009. For the teachers of New York City, this date marks the last day 94,000 of them had a contract with the Bloomberg administration. Since then, the wages for our city's educators have remained at a standstill, suspended by political tensions over layoffs, attrition and mayoral contr ... More >>

  • Blogs

    May 9, 2013

    Paid Sick Leave Passed, So Here's What You Should Know

    It's been a long time coming. After three years, New York City Council has finally passed veto-proof legislation guaranteeing paid sick days in businesses with more than 20 employees. Now (hopefully), restaurant workers afraid of losing their jobs won't come to work hacking up pathogens into soup. B ... More >>

  • Blogs

    November 10, 2010

    Street Vendors Owe the City Millions in Unpaid Fines

    ​Most street vendors have a difficult enough time making enough money to support themselves, but now the Independent Budget Office has pointed out that they're not making enough money for the city, either.

  • Blogs

    November 14, 2009

    Kelo outcome shows Atlantic Yards risk

    The outcome of New York's embattled eminent domain development projects is called into question by the economic development project which made them possible. The Pfizer research facility at the center of the Kelo v. New London Supreme Court decision is closing, taking over 1,400 jobs with it. The 5 ... More >>

  • Blogs

    October 22, 2009

    Budget Office: City Food Stamps Hit New Record

    ​Here's another of those inconvenient milestones of the Bloomberg Years: The Independent Budget Office says that the city has hit an all-time high in the number of New Yorkers receiving food stamps - a record 1.6 million. The news comes a week after the Coalition for the Homeless announced tha ... More >>

  • News

    October 13, 2009
  • Blogs

    September 11, 2009

    Cheek, in Review: 7 Days of Runnin' Scared

    ​ Dancers from InSpirit beckon passers-by to enter a new store on Broadway near 13th Street. Labor Day, with its West Indian American Day Parade, was the high point of the week. The low point was, let's see... the rest of it. 9/11 was a popular topic. It was oddly related to a Twitter Festiv ... More >>

  • Blogs

    September 10, 2009

    IBO Report: Atlantic Yards to Cost City Big, Rain Cash on Ratner

    ​This just hasn't been a good week for Bruce Ratner, the Nets owner who'd rather be the Nets' landlord. First, he unveils a new vision of his much-derided Atlantic Yards arena plan — now with more metal mesh! — and gets slammed by Times architecture critic Nicolai Ouroussoff for cr ... More >>

  • Blogs

    May 22, 2009

    Cheek, in Review: 7 Days of Runnin' Scared

    The last Chico mural for New York. Thanks, EV Grieve. What a week. Everyone was pissed at us. Williamsburgers didn't appreciate being called dorks for trying to silence ice cream trucks. Horace Mann students got mad when we suggested they were faking swine flu to get out of school. Allison Benedi ... More >>

  • Blogs

    May 20, 2009

    IBO Finds NYC Budget About $1 Billion Worse Than Mayor Does (Updated)

    Mayor Bloomberg's getting really creative in his attempts in stim the city's failing economy: today he, Anna Wintour, Vera Wang and others announce that they'll hold "Fashion's Night Out" on Thursday, September 10, and call on rag traders "to keep their doors open late." They claim over 100 stores ... More >>

  • Columns

    February 18, 2009
  • Blogs

    January 14, 2009

    When Elephants Fight: Not-quite-liveblogging the Brodsky Yankees Hearing

    This morning in Yankeefunland: Assemblymember Richard Brodsky's surprise last-second hearing on the latest round of taxpayer-financed Yanks and Mets stadium bonds, with promised testimony (under duress) from Yankees president Randy Levine and city Economic Development Corporation chief Seth Pinsky. ... More >>

  • Blogs

    January 6, 2009

    City Releases 116-Page Obfuscation of Stadium Deals

    photo by Shelley Panzarella (cc) Amid today's hoopla over the Bloomberg administration's decision to give back its free luxury boxes at the Mets' and Yanks' new stadiums - about which it's probably best said that the city decided that partying it up in a suite while the great unwashed paid through ... More >>

  • Blogs

    December 9, 2008

    Yanks, Mets Demanding Even More Cash Than Rod Blagojevich

    The blogosphere is hopping with news that the Yankees and Mets are looking to get additional tax-free bonds for their new stadiums. Read carefully, though, and you'll notice they aren't actually new: These are the same additional Yankees bonds that Assemblymember Richard Brodsky blew the whistle on ... More >>

  • Blogs

    November 30, 2008

    The Yanks' Suite Deal With Bloomberg

    It was buried about as far as you can bury something without hitting Jimmy Hoffa -- the Saturday edition of Thanksgiving weekend -- but the Daily News' Juan Gonzalez revealed yesterday that the Bloomberg administration traded 250 free parking spaces and city approval of tax-exempt bonds for a luxury ... More >>

  • Blogs

    October 24, 2008

    The Yanks on Trial: Liveblogging the Kucinich Hearings

    The story so far: Back in July, U.S. Rep. Dennis Kucinich demanded documents from the Bloomberg administration and the New York Yankees explaining how exactly they managed to tell the IRS that the land under the Yanks' new stadium was worth $200 million, while telling the state of New York it was wo ... More >>

  • Blogs

    June 16, 2008

    Taxpayer Cost of Yanks' Bond Demands: $82.9 Million

    The taxpayer cost of the Yankees' latest request for city bonds went up on Friday, as the city Independent Budget Office released a more detailed analysis of just how much tax revenue will be lost if the Family Steinbrenner is allowed to use tax-exempt bonds to finance an additional $350 million in ... More >>

  • Blogs

    June 12, 2008

    Yankees to City: What’s Another $350M Between Friends?

    What? This stadium just isn't good enough? Next time you're tempted to conclude that New York's state legislature is entirely useless, remember this: State Assemblymember Richard Brodsky broke the news on Tuesday that the Yankees are looking to get an additional $350 million in city tax-exempt bon ... More >>

  • Blogs

    February 15, 2007

    Mystery of Stadium Funds Continues

    Nearly a month after Mayor Bloomberg issued his preliminary capital budget, the mystery over cost overruns for the city's stadium projects remains. The mayor, it now appears, has attempted to tack on somewhere between $140 million and $226 million in added spending for the Nets, Mets, and Yankees p ... More >>

  • Blogs

    January 29, 2007

    Bloomberg Adding $226 Million for Nets, Mets, Yanks?

    Buried in the nether reaches of the preliminary capital budget that the mayor released last Thursday are some curious details on the three new sports facilities—that's Yanks, Mets, and Nets, for those scoring at home—that the city has in the works. Namely, total city capital funding ... More >>

  • News

    December 26, 2006

    Kick Out the Jams

    Will a toll booth at the corner of 60th and Fifth solve midtown's traffic nightmare?

  • Blogs

    October 11, 2006

    NYC's Cheap Housing Policy: Too Pricey?

    This morning, Mayor Michael Bloomberg announced his proposal to revamp 421-a, the 35-year-old city policy that grants tax breaks to developers of residential buildings. Among the reported changes that the mayor will call for: requiring developers in more of Manhattan and Brooklyn Heights to incl ... More >>

  • Blogs

    September 28, 2006

    Ratnerville: What Economic Impact Study?

    It was right there in the General Project Plan for the Atlantic Yards project that the state-run Empire State Development Corporation released back on July 18: Bruce Ratner's arena/condo/office tower complex would "generate $1.4 billion in net tax revenues in excess of the public contribution to the ... More >>

  • Blogs

    July 19, 2006

    Gentlemen, Start Your Bulldozers

    The other shoe has dropped: The city's Industrial Development Agency announced at 4 p.m. today that the Internal Revenue Service has approved the convoluted tax-exempt bond scheme that would raise $1.56 billion to build new stadiums for the Mets and Yankees. Following the Yankees' successful Nationa ... More >>

  • Blogs

    April 25, 2006

    Bloomberg on Stadium Bonds: It Depends What You Mean By 'Taxes'

    In the last week, Queens councilmembers have thrown a wrench into the city's well-oiled plans for a new Mets stadium, insisting they won't sign off on the deal unless their borough is awarded the same "community benefits" boodle as George Steinbrenner has promised the Bronx. But whether or not the ... More >>

  • News

    April 4, 2006

    Save the 'Burbs!

    Flushing homeowners lead the growing Queens quest for landmark status

  • News

    March 7, 2006

    Two Stadiums. No Waiting.

    Yanks and Mets plans leave little room for public debate

  • News

    November 8, 2005

    Bloomberg's Gift Horse

    Yanks and Mets stadiums could cost taxpayers $800 million

  • News

    September 20, 2005

    Labor Costs

    Union endorsements are dirty, if the mayor loses them

  • News

    May 10, 2005

    Land Doesn't Pay

    The city's $7 billion-a-year property tax gap—no wonder we're broke

  • News

    February 22, 2005

    Giving Away the Store

    A costly, developing problem for New York City that's three decades old

  • News

    November 9, 2004

    The Jets' End Run

    Will Bloomberg and Pataki spend billions without legislative approval?

  • News

    April 6, 2004

    A Billion Here, A Billion There

    New York City heads for a stadium overdose. Guess who will be paying.

  • News

    October 22, 2002

    How Does His Dole Grow?

    Bloomberg Balances Needs—His and the Poor's

  • News

    June 25, 2002

    Bloomberg's Fragile Budget

    Re-Election Year Politics Dictate Choices

  • News

    April 23, 2002

    A Defining Bloomberg

    Our Nice-Guy Mayor Makes Some Bad Budget Choices

  • News

    January 8, 2002

    Bloomberg’s Taxing Debut

    Beyond Feel-Good Aura, a Brutal Budget Plan

  • News

    December 25, 2001

    A 10-Point Plan for Bloomy

    How the Newly Elected Mayor Can Begin Reviving a Wounded City

  • News

    October 9, 2001

    The Other Disaster

    Tough Times Ahead Bode Worst for City’s Poorest

  • News

    February 20, 2001

    The Reflective Rudy

    Mayor Savors His $3 Million Book of Dish: Celebrates Valentine's Day With Tina, Judi, and the Legion of Decency

  • News

    February 13, 2001

    The Council Votes for Chaos

    Shown the Door, Term-Limited Pols Slap City in the Face

  • News

    August 17, 1999

    Ask, Don't Tell

    Giuliani's suppressed report on homeless youth

  • News

    April 27, 1999

    Giuliani Jihad

    Rudy's Budget Blows Up CUNY, Board of Ed, and Youth Programs

  • News

    April 13, 1999

    Mayor Pander

    'Single-Standard' Rudy Bows to Baseball Bigwigs and Staten Islanders

  • More >>