Intro

The Independent Budget Office led testimonies as the City Council begins reviewing the mayor's preliminary budget. Louisa Chafee, director of the New York City Independent Budget Office (IBO), a non-partisan source of information on the budget and economy, gives their assessment of the assumptions underlying the budget and the mayor's plan to close the deficit.
 

Photo: The Committee on Finance Holds Preliminary Budget Hearing For FY2027 with testimony from the Independent Budget Office, March 10, 2026 (Emil Cohen/NYC Council Media Unit)