This report analyzes the data from the City's Comprehensive Annual Financial Reports and fiscal notes to study the rise/fall of pension costs in the City over the past decade. Government contributions to pensions has become an issue in the wake of the recent recession and the City, facing large budget gaps, is no exception.
The City Charter requires that the Office of Management and Budget (OMB) publish documentation of forecasting methodologies used for projecting tax revenues for those taxes which account for five percent or more of total City tax revenues.
The City Charter requires that the Office of Management and Budget (OMB) publish documentation of forecasting methodologies used for projecting tax revenues for those taxes which account for five percent or more of total City tax revenues.
Tax Revenue Forecasting
The City Charter requires that the Office of Management and Budget (OMB) publish documentation of forecasting methodologies used for projecting tax revenues for those taxes which account for five percent or more of total City tax revenues.
The City Charter requires that the Office of Management and Budget (OMB) publish documentation of forecasting methodologies used for projecting tax revenues for those taxes which account for five percent or more of total City tax revenues.
Tax Revenue Forecasting Documentation, Fiscal Years 2008-2012 - Office of Management and Budget use the forecasting models detailed in this report, applying the latest economic forecasts and
tax collection date available to project tax revenues for the City's budget and financial plans.
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 study, conducted with the assistance of Hay Group, provides projections of employer and City contributions to pension funds through Fiscal Year 2060. This study was initiated by the New York City Comptroller's Office to fuel the debate over public employee compensation with projections of the long-run trajectory of the City's pension obligations.