PRELIMINARY BUDGET FOCUS: A more detailed presentation of our most recent economic forecast for the city reveals a slow path towards recovery, with some sectors of the economy continuing to trail through 2025.
FOCUS ON THE PRELIMINARY BUDGET: Over the past year, shifts in the composition of the city’s homeless population, increased spending on rental assistance, and pandemic-related aid from the Federal Emergency Management Agency have altered the city’s costs for providing shelter for the homeless.
PRELIMINARY BUDGET FOCUS: Just hours before the Mayor released the 2022 Preliminary Budget he learned that the Federal Emergency Management Agency was increasing its reimbursement rate to the city for Covid-related costs. How much more can the city expect and what does this mean for city spending?
PRELIMINARY BUDGET REPORT: In this new report we present our latest economic forecast and analysis of the Mayor’s 2022 Preliminary Budget and Financial Plan through 2025. In the form of a chart book the report presents our key findings on the local economy and projections of tax revenues & spending.
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.