Fiscal Intelligence

According to the financial plan released by the City of New York in January 2013, the forecasted revenue from the sale of the Taxi Medallions has been reduced from $790 million to $600 million in FY’2014. This means that the city has shifted the collection of the revenue to FY’15 ($50 million) and FY’16 ($140 million.) The unpredictability of this crucial revenue is creating a fiscal conundrum for the City of New York and this is exactly where the risk lies. If you would like to have a better understanding about this problem, you need to read the analysis published by Optimization with an Impact titled “The Taxi Medallions Dilemma”.