Blog posts tagged with "Capital Planning"

When Will the Capital Budget Cuts Really Arrive?

Dec 10, 2010

Mayor Michael Bloomberg has been making incremental reductions to New York City’s operating budget since 2008. In eight rounds of cuts, city agencies have been asked repeatedly to do more with less and to sacrifice personnel and programming in order to reduce projected out-year deficits.

Mind the Gap: Funding Repair and Maintenance of New York City Infrastructure

Jul 27, 2010

New York City's extensive public infrastructure creates an important and expensive responsibility on the part of public officials to repair, maintain and enhance these assets. Generally, regular maintenance is funded in the City's operating budget, while repairs and improvements are funded in the capital budget.

New York City Capital Spending: A Retrospective

Apr 22, 2010

Yesterday, Mayor Michael Bloomberg released a three-year progress report on PLANYC, an infrastructure and sustainability agenda for the next twenty years.

What About Debt Service?

Feb 23, 2010

Given the fiscal pressures on the City, what does Mayor Michael Bloomberg plan to do to cut debt service? Debt service, the payment of interest and principle due on long-term borrowing, has been growing rapidly under his tenure. Since it is tied to the size of the capital plan, it can only be controlled by reducing the level of capital investment that is supported with borrowing.