Officials and housing advocates have criticized the governor's proposal for
costing the city billions of dollars.
A de Blasio spokesperson said Flanagan's proposal «would add an arbitrary, unnecessary and restrictive cap to the New York City property tax code — which already has a number of existing caps — and
cost the city billions, resulting in severe cuts to vital services such as public safety and education.»
The city opposes the measure, with a de Blasio spokeswoman saying it would «
cost the city billions, resulting in severe cuts to vital services such as public safety and education.»
While advocates have long maintained it isn't right for the city to subsidize poverty - level wages, the Bloomberg administration had threatened efforts to force higher wages would
cost the city billions of dollars in investment and tens of thousands of jobs.
Not exact matches
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If detonated in a
city center or busy port, the aftermath of a dirty bomb would
cost billions, shut down an area, and subject an unlucky few to the agonizing complications of having been exposed to radiation.
Three LNG plants with a capital
cost of $ 20
billion are proposed for the
city.
Making sustainability a de facto policy for U.S.
cities would be a
cost - effective design solution that could save millions, and even
billions, of dollars, according to a new study.
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The report estimates that if hackers took control of the power grid from New York
City to Washington, D.C., the damage could total $ 20
billion to $ 70
billion and
cost the economy from $ 243
billion to $ 1 trillion.
The New York
City company had a lousy 2013, thanks to lower metal prices and higher manufacturing
costs, which added up to a loss of $ 2.3
billion and the number four spot on the «Fortune 500: 20 companies that lost the most» list in 2014.
The estimated
cost of the 330,000 square - meter Nitsba
City project, modelled on Airport
City, is NIS 1.8
billion.
Add these hidden
costs of lost productivity (Chicago: US$ 1.3
billion) to the figures of wasted gas and time (Chicago: US$ 4.3
billion), and the
city totals get very large, very fast.
Sure Shanghai is not the only Chinese
city that planned or have installed huge number of surveillance cameras, according to a 2011 Chinanews.com report, the southwestern
city of Chongqing had set a goal to install a half - million cameras by the end of 2012 at a
cost of 20
billion RMB.
Also included are the risk allowances, overhead
costs, and the $ 3
billion, equivalent to $ 3.3
billion cost of building of what would be the longest marine tunnel in the world to connect the two European
cities.
Kidney elaborates: «If India built a new sustainable and climate - resilient
city out of Hyderabad it's going to a
cost a
billion dollars or maybe 5
billion dollars.
The
city of Tallahassee estimated that it would
cost $ 2
billion to bury its lines.
Even in a small
city, the
cost to pull this off would top hundreds of
billions of dollars.
All known factors & risks when the
city approved the project and funding plan, and all much less painful than asking taxpayers to fund a
billion dollar arena on top of all of these
costs.
That's the latest estimate of the
cost of the Sochi Games, up from $ 12
billion, the figure the president cited in Guatemala
City.
It might not quite be good enough to match Manchester
City, but they are a team which
cost a
billion quid, containing the majority of the «most expensive footballers» in their position to ever play in England.
The de Blasio administration warns that a plan by Cuomo to divert a portion of new
city property taxes to the MTA to help fund mass transit improvements would
cost the
city $ 290
billion over 35 years.
In testimony before the Board, NYC Comptroller Scott Stringer applauded de Blasio for saving
billions of dollars in reserves and accounting for the multi-billion-dollar
cost of settling New York
City's open labor contracts.
Taxpayers» share of
city pension
costs has skyrocketed more than 900 percent in the last decade — from $ 703.1 million in 2000 to $ 6.5
billion in 2009, according to the NYC comptroller's office.
The expiration of mayoral control of
city schools could
cost the
city up to $ 1.6
billion over 10 years — and the
city would go after the state for the bill, according to a memo from de Blasio administration officials.
De Blasio also released an updated 10 - year construction plan for the
city that adds roughly $ 6
billion in new
costs he described as «crucial» to maintaining the
city's infrastructure needs.
Crippling congestion in New York
City is
costing the metropolitan area $ 20
billion a year, according to a report issued Wednesday from the Partnership of New York
City, which has representation on Cuomo's Fix NYC panel.
The
city's Independent Budget Office projects shelter
costs in the
city to reach nearly $ 1.7
billion in 2017, up 20 percent from 2016.
As mayors prepared to make their case, the state School Boards Association released a survey that found work force
costs in schools outside the state's major
cities are on track to grow an average of more than $ 1
billion annually by the 2013 - 14 school year; revenues under a tax cap, however, would grow only $ 229 million per year through 2013 - 14, on average.
On Monday, de Blasio said reconstituting the Board of Ed and its 32 local school boards could
cost city taxpayers $ 1.6
billion over the next 10 years.
Tax - funded public - pension
costs for every level of state government rose from absolutely minimal levels in 2000 to a grand total of more than $ 16
billion last year, half of it in New York
City alone.
Congressmen Chris Collins and John Faso support a plan that would require New York state to take over the counties» share of Medicaid
costs, outside of New York
City, worth about $ 2.3
billion.
The New York
City bill would have imposed roughly $ 400 million in new costs on city taxpayers in the next four years, adding billions in liabilities to an already under - funded pension sys
City bill would have imposed roughly $ 400 million in new
costs on
city taxpayers in the next four years, adding billions in liabilities to an already under - funded pension sys
city taxpayers in the next four years, adding
billions in liabilities to an already under - funded pension system.
A plan to offer a $ 7.6
billion subsidy to the company controlling most of New York's nuclear power plants will
cost the
City Of Buffalo about $ 3.35 million in added utility
costs, according to a new analysis by the Alliance for a Green Economy.
[139] The Hope
City project is expected to be completed in 2016 and is estimated to
cost $ US 10
billion in construction; [139] and one of its towers will become Africa's tallest building.
The total $ 41.1
billion cost would include an $ 8.2
billion city investment in the form of funding, tax incentives, and other investments, with the rest paid for with state, federal and private funding.
Questions during the post-speech «gaggle» included the
cost of a special election, his reaction to a New York Republican Party 50 Shades of Grey parody of Bill de Blasio and Al Sharpton, Rudy Giuliani's recent comments about Barack Obama, the expected Republican candidate in the 11th Congressional District special election, state legislature financial disclosure forms, the refusal of Port Authority commissioners to accede to Cuomo and Chris Christie's request to resign, his planned trip to Cuba, congestion pricing, and UFT comments asserting that the governor has shortchanged New York
City schools by $ 2.5
billion.
Critics note that the current program only requires developers to include affordable units if their buildings are in the «Geographic Exclusion Area» covering less than 17 percent of the five boroughs, and that it
costs the
city upwards of $ 1.1
billion in foregone revenues.
Thus the new budget manipulates future aid formulas in a way that one advocate says will
cost city charters some $ 1.7
billion over the next several years.
Backers of the fee note that New Yorkers consume 9
billion disposable bags a year, which clutter parks, cling to trees, accrue into islands in the world's oceans, strangle marine life and
cost the
city sanitation system an estimated $ 12.5 million annually to process.
In a recent study, the Partnership for New York
City found that congestion costs the city $ 20 billion annually in lost time and revenue; if nothing is done to «discourage cars and trucks from crowding the streets and highways of the region during the busiest times of the day,» that'll be a staggering hit of $ 100 billion to the city economy over the next five ye
City found that congestion
costs the
city $ 20 billion annually in lost time and revenue; if nothing is done to «discourage cars and trucks from crowding the streets and highways of the region during the busiest times of the day,» that'll be a staggering hit of $ 100 billion to the city economy over the next five ye
city $ 20
billion annually in lost time and revenue; if nothing is done to «discourage cars and trucks from crowding the streets and highways of the region during the busiest times of the day,» that'll be a staggering hit of $ 100
billion to the
city economy over the next five ye
city economy over the next five years.
New York
City's pension
costs will reach nearly $ 8.8
billion in the coming 2016 fiscal year — more than double the 2006 level and nearly eight times the 2001 amount.
Mayor Bloomberg's successor at
City Hall could be left with
billions of dollars in budget - busting
costs to settle contracts with municipal unions.
The concern comes as Gov. Andrew Cuomo's administration has agreed to have the state fully fund the
City University of New York in the $ 154 billion budget after initially proposing the city take on $ 485 million in co
City University of New York in the $ 154
billion budget after initially proposing the
city take on $ 485 million in co
city take on $ 485 million in
costs.
The mayor mentioned when he first took office in 2002, the
City's
costs came to $ 1.5
billion.
It will
cost you — your
city will still have to spend millions of your tax dollars to dispose of 10
billion bags a year.
Speaking before the
City Council on Wednesday, vice chancellor for finance Matthew Sapienza said it would be «unfathomable» not to have the nearly half -
billion dollars, which represents 30 percent of the system's senior colleges operating and debt service
costs.
Aides to Collins said he opted not to try to apply that provision to New York
City because of the huge financial hit the state would take if it suddenly was forced to pick up the city's $ 5 billion in Medicaid co
City because of the huge financial hit the state would take if it suddenly was forced to pick up the
city's $ 5 billion in Medicaid co
city's $ 5
billion in Medicaid
costs.
Bloomberg and the Citizens Budget Commission say full retroactive wages would
cost the
city more than $ 7
billion.
She also called for more aggressive oversight of all
city contracts, which are now
costing the
city more than $ 10
billion.