Overview
- The Citizens Budget Commission’s tracker, released Monday, reports a $68 billion net loss of taxable income from 2019–2023, with big shifts to Long Island, Westchester and Florida.
- Domestic departures rose to 114,025 in 2025 while international arrivals fell to about 66,000, leaving the city’s population slightly smaller than a year earlier.
- CBC says asking rents now sit about 15.2% above the pre‑pandemic trend and are rising roughly twice as fast as before 2020, squeezing households across income levels.
- Traditional public school enrollment is down by 158,000 over the past decade as charter schools added 63,000 students, leaving nearly half of city schools under 400 students.
- The report notes slower job gains in 2025 and a thin fiscal cushion, projecting multi‑billion‑dollar gaps with only about $2 billion in reserves, while urging cost control as Mayor Zohran Mamdani advances tax proposals including a pied‑à‑terre levy backed by Gov. Kathy Hochul.