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How Can NYC Save Money? Here's 90 Ways

Wednesday, December 04, 2013

WNYC
(Andrew Burton/Getty Images)

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

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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Comments [2]

Tal Barzilai from Pleasantville, NY

Why is that whenever there is a talk to save money or make a revenue, it's always on sticking it to the little guy? How about eliminating tax breaks for the very wealthy? The only reason I can never see that happening is because they either have friends in high places like lawyers and politicians, or that they can always threaten to move if that ever happens. As for tolls, I say that they should all be removed especially when their original purpose was to pay off the bonds and have the taxes for infrastructure pay for them, so in a way we motorists are actually covering the costs of the roads and crossings that we use, just not directly. Personally, I see tolling as nothing more than a double tip in which you are making someone pay for something on the stop that they are already using their taxes for. Using the tolls for anything other than what they are placed on for is what makes them go up so massively. Last time I checked, fares that are used for mass transit aren't going to pay for the roads even though many MTA-owned tolls are going for transit, and the MTA makes a lot more revenue on that than the fares. I could easily say that the riders always want the best transit, but they don't want to actually pay for it let alone cover the costs of it. I really suggest reading Robert Reich's latest book Aftershock, and you will see why it's important for the very rich to pay their fair share and how it can fill the gaps easily just by ending their tax breaks and making them pay what they owe.

Dec. 05 2013 04:08 PM
David Polazzo from 11221

We must bring fairness back on the tolling of NYC. Bridges. HAve all tolls be made equal ie five dollars for a user fee .
Tax plastic bags. Many of them are now in our trees and dot the lAnds ape

Dec. 05 2013 09:31 AM

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