OMB Director Jacques Jiha speaks with NYLS Dean and President Anthony W. Crowell and Professor Ross Sandler at the 180th CityLaw Breakfast. Image Credit: New York Law School

Today, June 29, 2022, Office of Management and Budget Director Jacques Jiha spoke at the 180th CityLaw Breakfast. His talk focused on the City’s economic recovery and the shaping of the City’s budget in response to the pandemic. Professor Ross Sandler, Director of the Center for New York City Law provided opening remarks. Dean and President of New York Law School Anthony W. Crowell held a closing discussion with Director Jiha and Professor Sandler. This Breakfast was sponsored by ConEdison, Greenberg Traurig, and Verizon. This was the fourteenth virtual CityLaw Breakfast as in-person events are not feasible at this time due to the COVID-19 pandemic. (read more…)

Image Credit: CityLaw.

On February 26, 2021, Richard Ravitch, Former New York State Lieutenant Governor and Former MTA and Urban Development Corporation Chair, spoke at the 171st CityLaw Breakfast. Former Lt. Governor Ravitch spoke on “The State and City Budget Crisis.” (read more…)

Mayor Bill de Blasio. Image credit: CityLand

$466 million moved back into the 2021 Fiscal Year’s capital budget. On October 22, 2020, Mayor Bill de Blasio announced the acceleration of capital funding within the City’s affordable housing plan by shifting $466 million to the current fiscal year’s capital budget to address urgent affordable housing needs. In March, the City moved $466 million from the Department of Housing Preservation and Developments Fiscal Year 2021 budget to the Fiscal Years 2022 through 2024. However, following the COVID-19 pandemic and the need to support the ongoing recovery efforts, the Department moved these funds back to Fiscal Year 2021. After this shift, the City would have invested $1.4 billion in affordable housing this year. This funding acceleration keeps the Housing New York project on track to create and preserve 300,000 affordable homes by 2026. (read more…)

Image Credit: City Planning

City continues to increase accessibility to information with online capital budget platform. On October 7, 2019, the Department of City Planning announced the launch of the City’s first digital version of the Ten-Year Capital Strategy. Produced with the Mayor’s Office of Management and Budget, the new platform highlights the goals, policies, constraints, assumptions and criteria used to assess the City’s capital needs. The platform also lays out anticipated sources of funding. This interactive version of the plan is intended to make the information more accessible to community boards, policy makers, and the public at large. It utilizes interactive project spotlights, illustrative graphs, maps and pictures to achieve this goal. To view the online platform, click here.

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