View
3
Download
0
Category
Preview:
Citation preview
New York City Comptroller Scott M. Stringer @NYCComptroller
Comptroller’s FY 2019 Preliminary Budget
Presentation
New York City Comptroller Scott M. Stringer @NYCComptroller
Mayor’s FY 2019 Preliminary Budget Contains Laudable Initiatives
EDUCATION3-K expansion to
new districts (2020)
Anti-bullying initiatives
CORRECTIONImprove outcomes for
women in jails
Closure of George Motchan Detention Center
on Rikers Island
NYCHA$200 million to
begin work of heating system repairs
New York City Comptroller Scott M. Stringer @NYCComptroller
$2.2
$1.5
$1.7
$91.3
$94.0
$95.3
$87.4
$88.7
$93.5
$95.5
$97.0
$86
$88
$90
$92
$94
$96
$98
FY 2018 FY 2019 FY 2020 FY 2021 FY 2022
February 2018 Financial Plan($ in billions)
Expenditures
Revenues
+1.4%
+2.2%
New York City Comptroller Scott M. Stringer @NYCComptroller
$2,945
$2,462
$2,006
$2,584
$35
$1,755
$701
$96
$1,280
$376$832
$1,518
$514
$142
$1,596
$0
$1,000
$2,000
$3,000
$4,000
$5,000
FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018
$2,838
$4,038
$4,700
$3,646$3,742
$4,180
$3,524
Accumulation of the Year-End Budget Surplus($ in millions)
Addition to Prior-Year Surplus Subtraction from Prior-Year Surplus
New York City Comptroller Scott M. Stringer @NYCComptroller
FY 2020 FY 2021 FY 2022
November Gap ($2,273) ($1,616) ($1,664)
Better Revenue Forecast $129 $181 $36
Citywide Savings Plan $339 $341 $296
New Spending & Other Adjustments ($380) ($374) ($413)
February Gap ($2,185) ($1,468) ($1,745)
Total Change in the Gap $88 $148 ($81)
Out-year Gaps Remain Just as Big ($ in millions)
New York City Comptroller Scott M. Stringer @NYCComptroller
19
88 8794
131125
86
73
4756
2316 16
0
20
40
60
80
100
120
140
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Annu
al C
hang
e in
Em
ploy
men
t, in
thou
sand
s
Economy and Job Growth Have Been StrongJob Growth Will Slow In Coming Years
702,000 new jobs since 2009
New York City Comptroller Scott M. Stringer @NYCComptroller
Declining City Cash Balances Are a Warning Sign($ in billions)
$0
$2
$4
$6
$8
$10
$12
$14
$16
Jul Aug Sep Oct Nov Dec Jan Feb
FY17 Cash Balances FY18 Cash Balances
$1.0 B
$5.4 B
$2.5 B
New York City Comptroller Scott M. Stringer @NYCComptroller
8.2%
2.0%
17.4%
6.4%
11.7%
9.0%
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Perc
ent o
f Adj
uste
d Ex
pend
iture
sCity’s Reserve Cushion is Inadequate
$2.3B
New York City Comptroller Scott M. Stringer @NYCComptroller
Agency Contribution to Savings is Low
2.7%
4.2%
3.0%2.7%
1.7%2.1%
0.6%
1.3%1.5%
0.8%
0%
1%
2%
3%
4%
5%
May 2008 May 2009 May 2010 May 2011 May 2012 May 2013 May 2015 June 2016 June 2017 Feb. 2018
Savi
ngs
(PEG
) Pro
gram
as
Per
cent
of C
ity-F
unds
Spe
ndin
g
Average Agency Savings: 1.1%
Average Agency Savings: 2.7%
New York City Comptroller Scott M. Stringer @NYCComptroller
FY 2019: Agency Watch List
HOMELESSNESS DEPT. OF EDUCATION DEPT. OF CORRECTION
New York City Comptroller Scott M. Stringer @NYCComptroller
Agency Watch List: Homeless Services($ in millions)
$1,017 $1,070 $1,188$1,414
$1,707$1,902 $1,961$103 $105
$245
$420
$588$663 $661
51,770
56,955 57,504
59,435 59,543
61,029*
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
Shelter Prevention, Housing, Legal Services Individuals in Shelter
New York City Comptroller Scott M. Stringer @NYCComptroller
Agency Watch List: Dept. of Education
Central Administration staffing up 24% since 2012
Twice the rate of teaching staff growth
New York City Comptroller Scott M. Stringer @NYCComptroller
Agency Watch List: Dept. of Education
One-third of computer hardware unaccounted for
No follow-up to implement basic controls
New York City Comptroller Scott M. Stringer @NYCComptroller
Agency Watch List: Dept. of Education
$1 billion investment in high-speed broadband
Teachers report it doesn’t work
New York City Comptroller Scott M. Stringer @NYCComptroller
Agency Watch List: Dept. of Education
$2.7 billion in no-bid contracts
New York City Comptroller Scott M. Stringer @NYCComptroller
Agency Watch List: Dept. of Correction
13,850
9,500
$117,232
$270,876
441501
573 581 615 644
774
920
1,148
1,332
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017Avg. Daily Inmate Population Annual Cost per Inmate Fight/Assault Infractions per 1,000 ADP
The inmate population has fallen …But the cost per inmate has skyrocketed …And the number of violent incidents keeps climbing
New York City Comptroller Scott M. Stringer @NYCComptroller
Capital Commitment Plan FY 18-22($ in millions)
Education/CUNY, $14,546
Environmental Protection, $13,760
DOT & Mass Transit, $14,018 Housing & Economic Development, $11,723
Computer Equipment, $512
Citywide Equipment, $3,717
Admin. Of Justice, $5,333
Parks, $4,074
Hospitals, $3,050
Other City Operations, $8,883
$79.6 B
New York City Comptroller Scott M. Stringer @NYCComptroller
Capital Commitments Continue to Fall Well Short of Plan($ in billions)
$9.3 $8.5
$10.9
$0
$2
$4
$6
$8
$10
$12
$14
$16
$18
$20
FY 2015 FY 2016 FY 2017
Actual Commitments Authorized Commitments
65%57%
56%$14.2 $14.9
$19.2
New York City Comptroller Scott M. Stringer @NYCComptroller
Lack of Accountability in Capital Budget
Lack of AccountabilityEDC “Acquisition Fund”• $33.5 million appropriated• $0 spent
“Rockaways Infrastructure Improvements”• $20 million appropriated• $0 spent
Budget OverrunsNew Fire and Rescue (BK)• $10 million budgeted• $30 million spent
Rehab/Protective Coating Brooklyn Bridge Ramps• $509 million budgeted• $650 million spent
New York City Comptroller Scott M. Stringer @NYCComptroller
Recommended