Tag: Citizens Budget Commission

NYC’s Population Declines by 78,000

The Latest New York City’s population declined again last year, according to new census estimates. But city officials said that those figures did not fully account for the growing number of migrants, which would have resulted in a minimal drop being reported. The city lost nearly 78,000 residents in 2023, shrinking its population to 8.26 […]

Read More

NYC’s Housing Crunch Is the Worst It’s Been in More Than 50 Years

New York City’s housing crunch is the worst it has been in more than 50 years. The portion of rentals that were vacant and available dropped to a startling 1.4 percent in 2023, according to city data released on Thursday. It was the lowest vacancy rate since 1968 and shows just how drastically home construction […]

Read More

New York’s Era of Overspending Ends With a Shudder

After years of heady spending, the budget cuts announced by Mayor Eric Adams last week hit New York City like a punch to the gut: Most libraries would be closed on Sundays. The expansion of the city’s signature prekindergarten program would be delayed. So would efforts to improve New York’s notoriously dirty streets and keep […]

Read More

Proposed NYPD Budget Cuts Lead to Distress and Skepticism

Soon after Mayor Eric Adams said he would enact a hiring freeze at the Police Department, the alarming texts began to circulate. Festooned with red siren emojis and replete with speculation, they warned rank-and-file officers that many might be transferred back to patrol and that buyouts and demotions were coming. Police unions called the proposed […]

Read More

NYC Schools Began to Recover From the Pandemic. Now They Face a Financial Crisis.

Just a year ago, the outlook for New York City was bleak: The nation’s largest school system had lost 120,000 children in five years, and Mayor Eric Adams warned gravely, “We’re in a very dangerous place.” But today, despite some continuing and intense struggles, the darkest projections seem to have been avoided. Public school enrollment […]

Read More

Adams Says NYC Housing Plan Could Lead to 100,000 New Homes

Mayor Eric Adams proposed on Thursday a major overhaul of New York City’s approach to development that his administration says could make way for as many as 100,000 additional homes in the coming years and ease the city’s severe housing crisis. The proposed reforms, which Mr. Adams announced in remarks at Borough of Manhattan Community […]

Read More