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New York City Independent Budget Office @nycibo.bsky.social · 3d

⚡ 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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New York City Independent Budget Office @nycibo.bsky.social · 3d

‼️ 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

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New York City Independent Budget Office @nycibo.bsky.social · 6d

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

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New York City Independent Budget Office @nycibo.bsky.social · 11d

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

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New York City Independent Budget Office @nycibo.bsky.social · 12d

👻 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!

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New York City Independent Budget Office @nycibo.bsky.social · 13d

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

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New York City Independent Budget Office @nycibo.bsky.social · 14d

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

#NYCGovernment #NYCBudget #NYCPolicy #healthcare #education

New York City Independent Budget Office @nycibo.bsky.social · 14d

We look forward to participating in today's @CBC conference "Mayoral Smart Choices". Speaking on the "Finance" panel, IBO's director Louisa Chafee will discuss pertinent issues facing NYC's next mayor.

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New York City Independent Budget Office @nycibo.bsky.social · 17d

🚆 The MTA is swapping F and M subway routes between Manhattan and Queens starting December 8 to cut at least a minute off commutes for morning rush-hour riders.

The MTA estimated the new alignment will cost the agency $1 million a year. (via Gothamist) buff.ly/wMMiycl

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New York City Independent Budget Office @nycibo.bsky.social · 18d

🧾 Eligible New Yorkers will receive an "inflation refund" check of $150 to $400 as early as this week.

"The checks, which will cost the state $2 billion total, will be sent out in batches through the end of November." (via Gothamist) buff.ly/o4hriRk

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New York City Independent Budget Office @nycibo.bsky.social · 19d

How could federal changes to budget and policy impact arts and culture funding in New York City? Our latest report walks you through where federal dollars flow to the Cities #artsandcultural institutions, and what risks are posed to them now.

Read here: buff.ly/GCeiCY7

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New York City Independent Budget Office @nycibo.bsky.social · 19d

🚂 The MTA is exploring geothermal cooling technologies for subway platforms in deep stations to lower temperatures, according to a request for information published by the agency on Sept 18. (via Gothamist)

MTA mulls cool new idea: Transferring heat out of subway stations

The MTA is looking for information about new geothermal technology that could use the Earth’s subsurface to move and store heat.

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New York City Independent Budget Office @nycibo.bsky.social · 20d

In the last two months, IBO received over 120 press mentions... take a look at some of the highlights 📰 .

New York City Independent Budget Office @nycibo.bsky.social · 20d

⚡ The Coney Island casino proposal was rejected 4-2 by their local community advisory committee on Monday, ending plans for the $3.4 billion project despite last-minute pledges from developers: buff.ly/2JPJ7Qj (via Crain's New York)

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New York City Independent Budget Office @nycibo.bsky.social · 21d

Student attendance is linked to student achievement✅
In 2023-2024, 60.4% of students with good attendance (90% or higher) were proficient on grades 3-8 state Math exams, but only 35.5% of chronically absent were proficient on the same exams
🍎 See more: buff.ly/2WW012k

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New York City Independent Budget Office @nycibo.bsky.social · 24d

📚 New York Daily News discusses NYC public school attendance rates in a recent article: buff.ly/mOI4OKF%E2%8...

Curious how student absenteeism rates are broken out by grade level and demographic? We just released Education Indicators for the 2023-2024 school year: on.nyc.gov/4ngtOqv

One-third of NYC public school students chronically absent last school year: report

The data reflect a slight improvement from the previous year but the attendance rates a far cry from where observers hoped city schools would have rebounded to by now.

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New York City Independent Budget Office @nycibo.bsky.social · 25d

@NYCHA’s operating and capital budget is heavily reliant on federal support.

In 2025, 67% of NYCHA’s $5.4 billion operating budget was funded directly through the federal government, 20% through tenant rents, and 5% by the City.
Read our report: buff.ly/UQaxPKc

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New York City Independent Budget Office @nycibo.bsky.social · 25d

This year, IBO is drawing from our annually updated Education Indicators to spotlight 𝘀𝘁𝘂𝗱𝗲𝗻𝘁𝘀 𝗶𝗻 𝘁𝗲𝗺𝗽𝗼𝗿𝗮𝗿𝘆 𝗵𝗼𝘂𝘀𝗶𝗻𝗴.

For more information see our spotlight here: buff.ly/UkfygRM

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New York City Independent Budget Office @nycibo.bsky.social · 25d

🌎 MTA’s Metro-North Railroad started running new, eco-friendly locomotives this Monday, the start of Climate Week. Officials said the trains will reduce airborne pollutants by 85%. (via amNY buff.ly/GtK2Ixj)

Read our MTA Capital Plan analysis: bit.ly/40Vdjq6

MTA celebrates launch of new, modern locomotives for Metro-North

The MTA announced new 4,200-horsepower Siemens Charger locomotives will begin passenger service on Metro-North.

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New York City Independent Budget Office @nycibo.bsky.social · 26d

𝐉𝐔𝐒𝐓 𝐏𝐔𝐁𝐋𝐈𝐒𝐇𝐄𝐃: 𝗜𝗕𝗢 𝗘𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻 𝗜𝗻𝗱𝗶𝗰𝗮𝘁𝗼𝗿𝘀 to provide a snapshot of New York City's public education system.

🍎Today we're looking at Enrollment, which in NYC has steadily declined over the past few years. View all data: buff.ly/2WW012k

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New York City Independent Budget Office @nycibo.bsky.social · 26d

💡 A proposed natural gas pipeline for NYC that has been rejected three times is being considered for a fourth. Officials weigh the stability it would provide, citing reliability concerns after a winter storm in 2022 almost disrupted gas service. (via NYT)

Why an Underwater Gas Pipeline Could Come to N.Y.C.

The Northeast Supply Enhancement pipeline, which would deliver natural gas into the New York City area, has been shot down three times because of environmental concerns. Supporters hope the fourth…

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New York City Independent Budget Office @nycibo.bsky.social · 27d

New York City is legally required to balance its operating budget i.e. annual revenues must equal expenses. So, what happens if there's a GAP or SURPLUS?

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New York City Independent Budget Office @nycibo.bsky.social · 27d

🎲 "A key community panel on Monday rejected plans for a casino next to the United Nations, marking the third casino proposal to fail in Manhattan and ensuring no casino will be green-lit in the borough in the immediate future.” (via @Gothamist.com) buff.ly/dQsJYO7

New York City Independent Budget Office @nycibo.bsky.social · Sep 19

🔍 The @MTA.info plans to sell $991 million in transportation revenue green bonds this week to help finance environmental projects. (Via Crain's NY: buff.ly/NumM3AX)

Curious about how the MTA is funded? Check out our report breaking down the 2025-2029 MTA Capital Plan: bit.ly/40Vdjq6

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New York City Independent Budget Office @nycibo.bsky.social · Sep 18

🚆 MTA officials announced on September 12th that the Staten Island Railway (SIR) fleet has fully implemented new R211 subway cars, replacing old cars dating back to 1973. (via amNY)

Brand-new subway cars make up Staten Island’s only train line

Staten Island's only train has a fleet of new subway cars that feature security cameras, wider doors and more.

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