FOCUS ON THE PRELIMINARY BUDGET: Over the past three years, the state has forced New York City to shoulder an increasing amount of annual child welfare and juvenile justice costs. The Governor’s budget for 2021 would continue this pattern.
FOCUS ON THE PRELIMINARY BUDGET: Although the Governor’s budget would increase state aid for schools by over $800 million, the city’s share is less than the Mayor had expected in the Preliminary Budget for 2021.
FOCUS ON THE PRELIMINARY BUDGET: Seven years after Hurricane Sandy swamped the city’s coastal neighborhoods, the programs aimed at restoring damaged homes and apartment buildings linger on. More money has been added to the city’s budget to finish the job.
In this new report we present the details of our latest economic forecast & projections of tax revenue and spending based on the Mayor’s Preliminary Budget for 2021 and financial plan through 2024.