From an analysis conducted on Mayor Bloomberg's Executive Budget for 2014 and Financial Plan through 2017 for the City, it is projected that the city will end each fiscal year with a surplus. However, the city still faces fiscal issues, with federal funds being cutback and new contracts for employees being developed, which may have a negative impact on the city's expenses.
This monthly report highlights the current economic conditions pertinent to New York City. The report focuses on the state of the U.S. Economy, financial markets, inflation, New York City labor markets, and commercial and residential real estate.
The objectives of this audit were to determine whether the Economic Development Corporation is notifying the Department of Environmenal Protection whenever properties are sold and whether DEP
is updating CIS to properly bill the owner of the newly sold property for water and sewer usage.
With this publication, the IBO examines ways that the city could save money or raise revenue, and impartially analyze the pros and cons of each option. An option's inclusion in the volume does not
imply a recommendation, nor does the omission of an idea mean IBO does not consider it viable.
The Office of the Comptroller has audited the Department of Small Business Services to determine whether it has adequate controls to ensure that business certified as Minority and Women-Owned
Business Enterprises meet the necesary qualifications.
In accordance with the requirements of the New York State Municipal Assistance Corporation Act and the New York State Financial Emergency Act, the City of New York is required to submit monthly financial reports. This is the financial report for March 2013, detailing financial plan statements, revenue activity, capital commitments, and capital cash flow.
The City Charter requires the Office of Management and Budget (OMB) to publish documentation of forecasting methodologies used for projecting tax revenues for the taxes that account for five percent or more of total City tax revenues.
This report details the Executive Budget for Fiscal Year 2014. The budget for Fiscal Year 2013 remains balanced and there is a plan to keep it balanced in Fiscal Year 2014, with savings, revenues and expenses taken into account.