The City Council released its own plan for filling the city’s $5.4 billion budget deficit over the next two fiscal years, mostly through reestimating the city’s revenues and spending – a proposal Mayor Zohran Mamdani said would require cutting city services instead of bringing in new revenue. The savings plan cobbles together $6 billion as […]

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The big four rating agencies aren’t happy with Mayor Zohran Mamdani.  Moody’s, Standard & Poor’s, Fitch and Kroll, which each assign a letter grade to the bonds New York City sells to finance its debt, have warned they may reduce their rating because Mamdani intends to dip into the city’s reserves at a time when […]

The post What the Warnings About NYC’s Bond Rating Do and Don’t Mean appeared first on THE CITY - NYC News.

Peering at New York City’s landscape more than 400 years in the past — when the marshes, ponds and streams crisscrossed our string of islands — can help planners and policymakers better understand the city’s flooding future. Researchers at the New York Botanical Garden looked at where water used to be, where there’s water now […]

The post A Fifth of NYC Built on Bygone Water Now at Risk: Study Maps City’s ‘Blue Zones’ appeared first on THE CITY - NYC News.

This story was originally published by Chalkbeat. Sign up for their newsletters at ckbe.at/newsletters. Dylan Lopez Contreras sat waiting for a copy of his class schedule in a sunny fourth-floor room of his Bronx high school as his counselor walked in, wearing a “Free Dylan” button attached to the strap of his messenger bag. Dylan stood, and Hedin […]

The post NYC Student Detained by ICE Returns to School After 10 Months appeared first on THE CITY - NYC News.

Prosecutors unsealed an indictment Tuesday alleging the operators of city-funded migrant shelters skimmed $1 million from their no-bid contracts, and pocketed kickbacks from subcontractors they brought in to handle security and food. The charges filed by U.S. Attorney Joseph Nocella in Brooklyn are part of a broader corruption investigation that appears to include a City […]

The post Ex-NYPD Sergeant and 3 Others Arrested in Bribery Probe Linked to City Council appeared first on THE CITY - NYC News.