Category Archives: Capital Budget

Seas Rise, Storms Surge, and NYC Presses Ahead with Waterfront Development Projects

Posted by Doug Turetsky, November 21, 2012 Long before Sandy slammed the city’s coastline, the Bloomberg Administration had been sounding alarms about coming threats to the city due to climate change. In well-known reports such as PlaNYC and through less publicized efforts such as the convening of scientists and risk management experts for the New […]

Despite Cut in Capital Spending, Mayor Plans to Build a New Jail, Renovate Others

Posted by Nashla Salas, June 15, 2011 Tough fiscal times have led the Mayor to propose a 20 percent reduction in planned city capital spending. That means less money for affordable housing construction, building new schools, or rehabbing city parks. Because of this, some New Yorkers may be surprised to learn that the Bloomberg Administration […]

City’s Capital Plan Grows: More Projects, Some More Spending

Posted by Ana M. Ventura, November 9, 2009 A number of fiscal mavens have voiced concerns in recent months that the city’s capital budget is too big and unaffordable. These concerns have not escaped the notice of Mayor Bloomberg, who has sought to reduce the amount the city spends on debt service—the interest and principal […]