REPORT: IBO remains cautiously confident about NYC’s fiscal outlook. Read our latest economic forecast and projections of revenue and spending through 2023.
Under 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 this monthly financial report.
Advises that OLR has no capital projects to report on for purposes of the following provisions under the NYC Charter:
• Charter § 219(d), requiring each agency to prepare and submit periodic reports in regard to the progress of its capital projects.
• Charter § 222(a) requiring a report on the pro