Fiscal Intelligence

Fiscal analysis that enables educators, small business owners, and community organizers to make informed decisions.

Month: June, 2013

OPENSUNY

Building on SUNY’s current open and online initiatives, Open SUNY has the potential to be America’s most extensive distance learning environment. It will provide students with affordable, innovative, and flexible education in a full range of instructional formats,both online and on site. Open SUNY will network students with faculty and peers from across the state and throughout the world through social and emerging technologies and link them to the best in open educational resources. Open SUNY will provide an online portal for thousands of people worldwide.

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Are Schools Getting a Big Enough Bang for Their Education Technology Buck?

Far too often, school leaders fail to consider how technology might dramatically improve teaching and learning, and schools frequently acquire digital devices without discrete learning goals and ultimately use these devices in ways that fail to adequately serve students, schools, or taxpayers.

Forty-one percent of eighth-grade math students from high-poverty backgrounds, for instance, regularly used computers for drill and practice. In contrast, just 29 percent of middle school students from wealthier backgrounds used the computers for the same purpose. We also found that black students were more than 20 percentage points more likely to use computers for drill and practice than white students.

<div style=”margin-bottom:5px”> <strong> <a href=”http://www.slideshare.net/LuisTaverasMBAMS/are-schools-getting-a-big&#8221; title=”Are Schools Getting a Big Enough Bang for Their Education Technology Buck?” target=”_blank”>Are Schools Getting a Big Enough Bang for Their Education Technology Buck?</a> </strong> from <strong><a href=”http://www.slideshare.net/LuisTaverasMBAMS&#8221; target=”_blank”>Luis Taveras MBA, MS</a></strong> </div>

Why Apple’s iPad Textbooks Cost 5x More Than Print? By a former Apple employee

Apple’s iPad Textbooks Cost 5x More Than Print.

The Coming Budget Crunch

The NYC mayoral candidates have big spending plans. Do we know how they plan to accomplish them? Are they printing money in order to do so?

Bill Thompson wants to put 2,000 extra cops on the street at a cost of $200 million a year. One of his rivals, Public Advocate Bill de Blasio, pledges to introduce universal pre-K in the city’s schools, a project with a $530 million annual price tag. Thompson, deBlasio, and another candidate, New York City comptroller John Liu, want to build at least 60,000 units of new subsidized housing over the next four years. The bill for that could dwarf the cost of the police and school proposals.

This makes anyone wonders if they are aware of the fiscal challenges that the City of New York is facing.

  • Spending from city revenues rose from $28.9 billion when Bloomberg took office to $47.5 billion in fiscal year 2012 and will be an estimated $50.2 billion in 2013—a staggering 70 percent increase per resident.
  • The tab for workers’ health care more than doubled, from $2 billion a year to $4.8 billion. Retirees add another $1.6 billion.
  • According to the Citizens Budget Commission, total city debt hit $105 billion last year—almost double what it was when Bloomberg entered City Hall
  • The budget allocation for annual interest payments on debt jumped from $3.9 billion in 2002 to $5.8 billion in 2012, according to New York City’s Independent Budget Office.

Review of the Financial Plan of the City of New York

Over the past decade, City funding for education has more than doubled, rising from $6.2 billion in FY 2003 to $13.2 billion in FY 2013.

The May Plan assumes that the Department of Education (DOE) will reduce planned spending by a total of $1.2 billion during the financial plan period. This represents 40 percent of the total value of the agency program, which is greater than the DOE’s share of the City-funded budget. The majority of the savings would come from re-estimates of the cost of special education ($672 million) and from non-classroom efficiencies ($368 million). The DOE also intends to raise the price of school lunches by $1.00 for students whose families’ incomes exceed 185 percent of the poverty level.

TAXI MEDALLIONS – Decision upholds constitutionality of state law

 

Oral arguments were heard on April 24, 2013, and the Court issued a ruling in early June. The ruling was in the City’s favor. Therefore, the first sale of taxi medallions is planned for the fall of 2013.

<div style=”margin-bottom:5px”> <strong> <a href=”http://www.slideshare.net/LuisTaverasMBAMS/decision-upholds-constitutionality-of-state-law&#8221; title=”TAXI MEDALLIONS – Decision upholds constitutionality of state law” target=”_blank”>TAXI MEDALLIONS – Decision upholds constitutionality of state law</a> </strong> from <strong><a href=”http://www.slideshare.net/LuisTaverasMBAMS&#8221; target=”_blank”>Luis Taveras MBA, MS</a></strong> </div>

The Policy Absurdity of the Monthly Jobs Report by Mohamed El-Erian

<div style=”margin-bottom:5px”> <strong> <a href=”http://www.slideshare.net/LuisTaverasMBAMS/the-policy-absurdity-of-the-monthly-jobs-report-by-mohamed-elerian&#8221; title=”The Policy Absurdity of the Monthly Jobs Report by Mohamed El-Erian” target=”_blank”>The Policy Absurdity of the Monthly Jobs Report by Mohamed El-Erian</a> </strong> from <strong><a href=”http://www.slideshare.net/LuisTaverasMBAMS&#8221; target=”_blank”>Luis Taveras MBA, MS</a></strong> </div>

Hotspots 2025

The costs of living and doing business in New York City are high, but not as high as in some others, including London and Tokyo, Mr. Abruzzese said. New York’s most glaring weakness has been in the management of the environment and preparation to cope with storms and other natural disasters, he said. (The New York Times)

United States of America v. Apple, Inc.

<div style=”margin-bottom:5px”> <strong> <a href=”http://www.slideshare.net/LuisTaverasMBAMS/united-states-of-america-v-apple-inc&#8221; title=”United States of America v. Apple, Inc.” target=”_blank”>United States of America v. Apple, Inc.</a> </strong> from <strong><a href=”http://www.slideshare.net/LuisTaverasMBAMS&#8221; target=”_blank”>Luis Taveras MBA, MS</a></strong> </div>