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.
The Comptroller’s Annual State of the City’s Economy and Finances Report, released each year in December, is designed to provide a grounding for analysis as the City prepares to begin its annual budget process early in the new year.
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 Popular Annual Financial Report provides an accessible overview of the financial details contained in our 500-page Annual Comprehensive Financial Report.
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.
This is to reexamine internal processes and policies, use resources efficiently, and re-estimate expenses, and re-estimate expenses, all without sacrificing service delivery to New York City residents