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Comments on New York City’s Executive Budget for Fiscal Year 2023 and Financial Plan for Fiscal Years 2022-2026

Date Published:

2022-05-24

Description:

The City of New York is at a pivotal fiscal moment. Tax revenues for the current fiscal year are coming in far above projections, yielding a substantial surplus; however, neither the Mayor’s Office nor the Comptroller’s Office expect this trend to continue.

Agency:

Comptroller (COMP)

Subject(s):

Budget and Finance, Government, and Accounting

Report Type:

Budget / Finance
Comments on New York City’s Preliminary Budget for Fiscal Year 2023 and Financial Plan for Fiscal Years 2022-2026

Date Published:

2022-03-02

Description:

The Preliminary Budget closes the $2.88 billion budget gap projected in November, on the strength of an expected $2.77 billion surplus in FY 2022, derived primarily from $1.60 billion in additional tax revenues and savings of $866 million from the Program to Eliminate the Gap (PEG).

Agency:

Comptroller (COMP)

Subject(s):

Budget and Finance, Accounting, and Government

Report Type:

Budget / Finance