New York City Independent Budget Office
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New York City Independent Budget Office
@nycibo.bsky.social
300 followers 71 following 400 posts
Your go-to source for nonpartisan, data-driven insights on NYC’s budget, economy, and policy. We break down spending, tax revenues, housing, education, and more. https://www.ibo.nyc.gov
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In 2023, NYC became the first major U.S. city to adopt climate budgeting, a process for assessing a City’s progress toward its climate priorities

Read IBO's latest report examining OMB's assessment of the City's #capital spending: buff.ly/MCrSaLW
‼️ How will federal changes impact the City's ability to prevent, respond to, and recover from disasters? Read the latest report in IBO's Federal Changes, Local Impacts series: buff.ly/h3kKniv.

#DisasterPrep #FEMA #DisasterRecovery #EmergencyResponse
IBO's report revealed that, while the program has brought critical services to thousands of tenants, is now struggling to meet its original intention. It also identified a mismatch between the structure of the program and the scale of needs.

Read more: on.nyc.gov/47FghT4
Independent Budget Office
on.nyc.gov
This morning, IBO testified to @council.nyc.gov on "Right to Counsel in Housing Court", a landmark program intended to provide access to legal services to tenants facing eviction in Housing Court. In a report published last month, IBO examined the rollout and implementation of RTC.
Published yesterday, IBO's lates "Federal Changes, Local Impacts" report focused on how #lowincome households are particularly impacted by the flurry of changes at the Federal level. It examines access to #healthcare #housing #food and more.

See the full report: www.ibo.nyc.gov/assets/ibo/d...
⚡ "Advocates are urging schools to start new #solar projects before the end of this calendar year and finish by June 2026 [to avoid new restrictions that] could make it harder for schools to qualify for credits." via Chalkbeat: buff.ly/54s7ZYp #SolarPower #NYCSchools
NYC schools are solar powerhouses. Now, federal tax credits are drying up.
The city’s biggest solar power generator? Its public schools. But now their green future is under threat from the federal government.
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Although tax expenditures do not appear as planned spending in the City’s budget, they represent an intentional foregoing of revenue, making them a form of government spending.

Read IBO's testimony delivered today on NYC’s housing tax incentives: buff.ly/k0TV5BD
A record high number of #NYC students experienced homelessness last year. IBO found that in the 2023-2024 school year, students in temporary housing had lower attendance rates than students in permanent housing and lower achievement scores: buff.ly/ISpnXh7
🎭 How do proposed changes by the #federal government affect NYC culture and arts organizations, and how has the City supported these organizations?

Let us know in the comments how these changes could impact you and your community.

#NYCArts #performingarts #humanities #museums #glam
IBO will be presenting recent research at the Association for Budgeting and Financial Management Conference in Atlanta, Georgia. Swipe to see what we’ll be discussing! #ABFM2025 #NYCBudget
and how federal actions could disrupt how NYC’s colleges operate and how students pay for higher education.

Read the report at the link in our bio, or ibo.nyc.gov 📖
IBO - Independent Budget Office
ibo.nyc.gov
‼️ How could federal changes to budget and policy impact New York City's higher education sector?

🏫 IBO's latest report in our "Federal Changes, Local Impacts" series describe how this critical sector supports NYC's local economy,
"Federal taxpayer dollars touch everything from food assistance to homeland security funds in NYC."
www.thecity.nyc/2025/10/22/t...

@thecity.nyc have you seen our series highlighting how federal decisions may affect NYC? Each report focuses on a specific program or topic
👉https://on.nyc.gov/3VTSBEG
What Would It Mean for New York City If Trump Cuts Its Federal Funds?
President Donald Trump says he will slash New York City funding if Zohran Mamdani wins. The city’s budget for fiscal year 2026 includes more than $7 billion in federal funds.
www.thecity.nyc
💲 📖 Interested in hosting a City Budget Workshop? IBO offers interactive City Budget 101 Workshops for community groups, schools, and workplaces!
💸 🏫 And don’t miss our School Budget Workshop on October 30, 2025 (via Zoom) scan the QR code to join and learn how to dig into your own school’s budget!
⚡ BONUS! Federal changes have raised the cap on how much state and local taxes (SALT) can be deducted in federal tax filings. IBO makes a preliminary estimate of the impact of this federal change on New York City tax filers. Read the explainer: buff.ly/K6KbpYI
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‼️ Do you pay taxes in New York City? IBO's latest report in our "Federal Changes, Local Impacts" series explains some of the ways that recent federal tax reforms may impact local taxpayers.

Read the full report here: buff.ly/wrLB4Ci

#NYCTaxes #NYCFiscalPolicy #NYCBudget #TaxReform
It's getting chilly out, but we're looking forward to next summer... ☀️

Check out IBO's new storymap breaking down the distribution of cooling centers across NYC! bit.ly/3KKBTW3

#NYC #NewYorkCity #EmergencyManagement #CoolingCenters
Education is the City’s largest budget category. As of June 2025, DOE’s budget included $2.2 billion, or about 6%, in federal funds.

See our full report to understand how federal changes could impact the City's school system buff.ly/USmnO3a
👻 While October 31 might mean “Halloween” for some, we call it "DOE Audited Register date!
📖 Find out how enrollment data drives NYC public school budgets — and how to read your own — at IBO’s October 30 workshop!
Meet the four downstate #casino proposals up for consideration by the State's Gaming Facility Location Board. 🎲 Full explainer is up now on our website: buff.ly/o8S47Fc

#NYCBudget #NYCPolicy #NYCEconomy #casinos #NYState
As we settle into fall, enjoy a beautiful #NewYorkApple while reading IBO's September publications... www.ibo.nyc.gov 🍎🍂

#NYCGovernment #NYCBudget #NYCPolicy #healthcare #education