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Your search keyword '"FINANCIAL planning"' showing total 8 results
Start Over Descriptor "FINANCIAL planning" Publication Year Range Last 3 years Region new york (n.y.)
8 results on '"FINANCIAL planning"'

1. Adapting our Flood Risk Policies to Changing Conditions.

Author

Kousky, Carolyn, Kunreuther, Howard, Xian, Siyuan, and Lin, Ning

Subjects
FLOOD risk, FLOOD insurance, NATURAL disasters, INSURANCE premiums, SEA level, FINANCIAL planning
Abstract

Flooding causes more damage and severely impacts more people worldwide than any other natural disaster. Flood risk in many parts of the United States is projected to increase due to both continued floodplain development and climate change. Many of our institutions and public policies are not designed to address these changing risk conditions. The practice of grandfathering insurance premiums in the National Flood Insurance Program (NFIP)—allowing an insured to keep a lower rate even when risk has increased—is one such policy. We link a flood hazard model to a flood insurance premium calculator in order to provide illustrative calculations of the possible impact of grandfathering on program revenue and policyholder premiums due to sea level rise for a New York City neighborhood. We conclude by discussing how to preserve the financial soundness of the NFIP while addressing the affordability of insurance in the face of increasing flood risk. [ABSTRACT FROM AUTHOR]

Published
2021
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2. NYC Budget Surplus Exceeds Mayor's Estimate by Nearly $3 Billion.

Author

Braun, Martin Z.

Subjects
MUNICIPAL budgets, BUDGET surpluses, ECONOMIC forecasting, MAYORS, BUDGET, FINANCIAL planning
Abstract

New York City's budget surplus for the current fiscal year is $2.8 billion higher than Mayor Eric Adams' estimate, according to the city's Independent Budget Office. The surplus is due to $900 million more in anticipated tax revenue and $1.9 billion less in spending, particularly for the city's workforce and sheltering migrants. The city's full-time employee count has decreased by 5% since 2020. The budget watchdog also predicts a $3.3 billion surplus for fiscal year 2025, but projects gaps in the following years. Despite some service reductions, the total 2024 budget has increased by 7% to about $116 billion. The Independent Budget Office expects higher costs in future budgets for housing vouchers, overtime, and education programs. The New York City council speaker's office emphasizes the need for more transparency in budgeting. [Extracted from the article]

Published
2024

3. NY MTA's Budget Gap to Grow to $918 Million by 2029, Watchdog Says.

Author

Kaske, Michelle

Subjects
BUDGET, OPERATING budgets, FINANCIAL planning, PUBLIC transit, MUNICIPAL budgets, OPERATING revenue, PUBLIC transit ridership, SUBWAYS
Abstract

While the MTA has yet to report its long-term budget projections, the agency expects its budget to be balanced from 2023 through 2027. (Bloomberg) -- New York's Metropolitan Transportation Authority, the largest US public transit system, faces deficits that may grow to $918 million in 2029 after federal funding runs out, according to the Citizens Budget Commission, a watchdog group. [Extracted from the article]

Published
2023

5. NYC Budget Gap Shrinks by $1.3 Billion as Adams Cuts Spending.

Author

Braun, Martin Z.

Subjects
BUDGET, BUDGET deficits, BUDGET cuts, MUNICIPAL budgets, FINANCIAL planning
Abstract

The city now estimates a $3 billion budget gap for the fiscal year beginning July 1, according to a financial plan released Tuesday. (Bloomberg) -- New York City's projected budget deficit for the next fiscal year shrank by $1.3 billion as Mayor Eric Adams trims spending. [Extracted from the article]

Published
2022

6. NYC's Municipal Workforce Sees Steepest Drop Since 1990s.

Author

Woodhouse, Skylar

Subjects
LABOR supply, MARKET tightness, PARK maintenance, LABOR market, FINANCIAL planning
Abstract

That would mean a net increase ofaround 25,000 positions, although the target doesn'treflect cost-saving plans that could scale back theprojected increases, DiNapoli said. (Bloomberg) -- New York City's municipal workforce, thenation's largest, shrank during the past two years at thefastest rate since the 1990s, leaving thousands of jobsunfilled and threatening to disrupt an array of criticalservices. [Extracted from the article]

Published
2022

7. New York City's municipal workforce decreasing.

Author

Barnett, Chip

Subjects
LABOR supply, FINANCIAL planning
Abstract

New York City will also release the first quarter update to the fiscal 2023 financial plan this month. [ABSTRACT FROM AUTHOR]

Published
2022

8. NY AG James accuses Trump of insurance fraud.

Subjects
INSURANCE crimes, HOMEOWNERS insurance, FINANCIAL planning
Abstract

The Trump Organization provided underwriters "no more thanfleeting access" to Trump's statements, through a monitoredin-person review at Trump Tower, NY authorities argue. For instance, under an NDA, an Everest underwriter wouldincorporate information from Trump's annual statementprovided by Weisselberg for purposes of the annual renewal ofthe D&O policies. [Extracted from the article]

Published
2022

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