Report questions de Blasio’s $1.6B neighborhood fund

Independent Budget Office says lump-sum method hurts transparency

New York /
May.May 21, 2015 02:40 PM

A new report by the Independent Budget Office says that Mayor Bill de Blasio’s plan to create a $1.6 billion fund for neighborhood and infrastructure improvements lacks specifics.

Two of the funds would be controlled by the city’s Economic Development Corporation, while the other would be controlled by the Department of Environmental Protection. But the IBO says that the proposal, which is included in the mayor’s capital spending plan, could limit transparency by providing lump-sums to the agencies without a specific plan for how the money will be used, Capital New York reported.

The aim of the program is to provide support to 15 neighborhoods with major planned rezonings and other neighborhoods that have high infrastructure needs.

“In the past, other city agencies have used lump-sum capital funds to limit transparency and public accountability,” the report states.

A city official said that specifics will come in due time. “These priorities will be driven by community planning and outreach, and it’s neither possible nor appropriate to select specific projects until that process unfolds,” Wiley Norvell, a spokesperson for the mayor, said in a statement. [Capital NY] — Tess Hofmann


Related Articles

arrow_forward_ios
Union Square and Mayor Bill de Blasio (Getty)

City drops bid to require special permits for Union Square hotels

City drops bid to require special permits for Union Square hotels
Mayor Bill de Blasio and Governor Andrew Cuomo (Getty)

Real estate braces for new restrictions as virus cases surge

Real estate braces for new restrictions as virus cases surge
MayorBill de Blasio and Queens Democratic Council member Costa Constantinides (Getty)

De Blasio signs bill capping emissions at rent-regulated buildings

De Blasio signs bill capping emissions at rent-regulated buildings
President elect Joseph Biden with Mitch McConell, President Trump and Nancy Pelosi (Getty)

Lame-duck Congress will resume stimulus package talks

Lame-duck Congress will resume stimulus package talks
From left: Related chairman Stephen Ross, LeFrak CEO Richard LeFrak and President Donald Trump (Getty)

Four things Biden could do for New York real estate that Trump didn’t

Four things Biden could do for New York real estate that Trump didn’t
Mayor Bill de Blasio and Greenwich Village Society for Historic Preservation's Andrew Berman (Photos via Getty; iStock; Neighbor2Neighbor Greenwich Village)

Move over, artists: Soho rezoning blueprint calls for more apartments, legal retail

Move over, artists: Soho rezoning blueprint calls for more apartments, legal retail
City’s new Open Storefronts program will allow shop owners to sell their wares on sidewalks (Getty)

NYC to allow store owners to sell wares on sidewalks

NYC to allow store owners to sell wares on sidewalks
Gov. Andrew Cuomo and Mayor Bill de Blasio (iStock)

Manhattan theaters sue Cuomo, de Blasio over Covid restrictions

Manhattan theaters sue Cuomo, de Blasio over Covid restrictions
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...