Blog City Budget
What to Look for in the NYC Preliminary Budget for FY2018
January 23, 2017
- Will updated economic assumptions lead to downward revisions in tax revenues projected for 2018 since first quarter collections in fiscal year 2017 fell short?
- Will the preliminary budget increase the size of the Citywide Savings Program and rely more on deriving recurring savings from increased efficiency instead of debt service savings, re-estimates, and funding swaps?
- Will headcount continue to grow and/or will the city claim savings in the current year from positions that remain vacant?
- How much new spending on programs will be introduced in 2018?
- With the homeless shelter census surpassing 60,000, will shelter funding increase beyond the $1.5 billion budgeted in fiscal year 2017 or the $1.1 billion assumed in subsequent years?
- How much will overtime exceed the cap agreed upon as a condition of increased staffing in the New York City Police Department?
- Will NYC Health + Hospitals need additional subsidies in the absence of a detailed plan to address its fiscal condition?
- Will the City’s financial plan include a “bonus” for the Municipal Labor Committee from exceeding the target for health care savings?
- Will the impact from the State Executive Budget be recognized in the City’s financial plan?
- Will the City increase support for the New York City Housing Authority given $17 billion in unmet capital needs?
- Will the Preliminary Ten-Year Capital Strategy be revised to provide improved information on the needs and expected outcomes of proposed investments?