How Can NYC Save Money? Here's 90 Ways
New York City's Independent Budget Office has come up with 90-plus ways the city can increase revenue and cut costs. The options range from taxing disposable plastic bags, to plastic surgery, to restoring the commuter tax that was cut in 1999.
The options are outlined in the 13th annual NYC Independent Budget Office report, complete with pros and cons for each idea. Read the full IBO report here.Â
New York City Mayor-elect Bill de Blasio will inherit a balanced budget, but he will face daunting challenges for the next fiscal year.
For example, the city's municipal workers have been working without contracts for several years, and de Blasio is expected to negotiate contracts for all 152 bargaining units.
Add to this the trend of falling state and federal aid for the states, and the new mayor will need a game plan.
The Independent Budget Office analysis might come in handy.
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