New data from the New York City Economic Development Corporation shows that the city’s Black unemployment rate has dropped to 7.9 percent. Overall unemployment has dropped to 4.9 percent and Hispanic unemployment is at 6.7 percent.
Land subsidence is making major seafront metropolises from New York to Jakarta more vulnerable to rising waters. Local decisionmakers need to account for it.
The Bipartisan Infrastructure Law directed billions toward public transit in New York, but the state is choosing to spend billions more on highways.
In 2022, Cook County, Ill., became the first local government to partner with the nonprofit group RIP Medical Debt to use private donor funds to buy up and forgive patient debt. Since then, seven local governments, including NYC, have joined the program.
Nearly four years after the start of the pandemic, downtowns are still short of office workers and foot traffic. That's contributing to significant budget problems in some cities.
Previous funding that had been slashed from police, fire, sanitation and schools has since been restored. Meanwhile, costs related to migrants have been cut by 20 percent.
New York City schools have received more than $7 billion in federal aid to help students recover academically after the pandemic. But 36 percent of students were still “chronically” absent last year. Those in poverty were gone 45 percent of the year.
The company controls millions of square feet of offices, so its struggles will surely cause more headaches for landlords. But the model it pioneered remains attractive.
The congestion pricing fee would be for drivers entering Manhattan south of 60th street, but a New Jersey lawsuit threatens to delay its implementation. The fee is forecast to earn $1 billion for the MTA’s capital budget.
Two transportation-focused think tanks held back-to-back events last week, bringing transit advocates, scholars and industry leaders together to discuss solutions for the fiscal cliff many agencies are facing.
The artificial intelligence will connect business owners and entrepreneurs with information from 2,000 city web pages. The launch is part of an effort to better incorporate new technology into everyday government.
The city wants to suspend its 42-year-old right to shelter because of the strain the migrant crisis has put on city resources. But many are worried what suspending the policy will do to homelessness in the area.
Mayor Eric Adams called the rules the strictest in the nation and has pledged to help building owners receive technical assistance and use government and utility-based financing and funding for building upgrades.
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