The Citizens Budget Commission, a nonpartisan nonprofit watchdog, in April put the estimated per-student cost this fall at $38,000, with more growth projected on the way: "more than $41,000 in fiscal year 2026," and then "adding unbudgeted yet likely collective bargaining costs, per-student spending would reach nearly $44,000 in fiscal year 2026."

Andrew Rein, president of the Citizens Budget Commission, said his organization was still analyzing the city’s projections but that he would not be surprised if the cost of caring for the migrants were higher than what has been accounted for in the budget.

The five boroughs have lost nearly half a million people since April 2020, according to an analysis of U.S. census data for The Times by the Citizens Budget Commission, a nonprofit government watchdog.

Between 2010 and 2018, while the number of jobs in New York City increased 22%, the housing stock increased only 4% — a wider gulf between job and housing growth than any city except San Francisco, according to the Citizens Budget Commission.

Patrick Orecki, director of state studies at the independent Citizens Budget Commission, said during a policy briefing on Wednesday that the ultimate performance of downstate casinos might not mean much for the state’s bottom line—but could have a big impact on a region that depends on the MTA.

During a May event with the Citizens Budget Commission, he outlined plans to expand a unit focused on assessing city agencies and streamlining operations when OMB believes they can be done more efficiently.

"We welcome the administration's prioritization of and progress on its ambitious housing agenda," said Andrew Rein, president, Citizens Budget Commission.

In a new analysis the Citizens Budget Commission projects Mayor Eric Adams’ next budget will have a whopping $9 billion deficit — far higher than the figure City Hall cites.

The initiative helped convert roughly 13 million square feet, or about 13 percent of the downtown office market, into 12,865 units in 11 years, according to New York’s Citizen Budget Commission.

A report from the Citizens Budget Commission found that a prior tax incentive enacted in 1995, 421-g, helped spark 13 million square feet of office-to-residential conversions in the neighborhood.

A recent Citizens Budget Commission study pegged the figure at a jaw-dropping $38,000 per child.

The state and local governments spend about $11 billion a year on economic development combined, according to the Citizens Budget Commission last week.