Annual report on the state of the city's economy and finances. Contents include The Executive Summary, The State of the City's Economy, and The November 2018 Financial Plan.
This Report presents the results of the June 30, 2016 actuarial valuation of the benefits under
both the New York City Board of Education Retirement System (BERS) Qualified Pension Plan
and Group Life Insurance Plan (collectively, the Plan).
Strong growth in personal consumption, private investment, and government expenditure boosted the U.S. economy in Q3 2018, as the City’s economy lagged behind.
At the close of 4Q18, the City’s unrestricted cash balance stood at $9.394 billion, virtually unchanged from the closing balance at the end of 4Q17. The 4Q18 average cash balance of $9.035 billion fell below the 4Q17 average by $363 million.
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.
June 2018 Adopted Budget, Fiscal Year 2018 - Submission of the Modification to the Financial Plan for the City and Covered Organizations by the City to the Financial Control Board pursuant to Section 8.3 of the Financial Emergency Act.
June 2018 Adopted Budget, Fiscal Year 2019 - Details of financial plan by Agency, personal service expense, other than personal service expense and funding.