At the end of the third quarter of FY19 (hereafter 3Q19), the City recorded an unrestricted cash balance of
$10.895 billion, $942 million above last year’s figure.
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.
Economic growth is expected to continue in both the U.S. and New York City in 2019 and for the remainder of the plan period, albeit at a slower pace than in 2018. In our forecast, New York City’s economy is expected to grow at a slightly faster pace than the nation as a whole.
In recent years annual revisions to federal labor force data for New York City have been large and hard to anticipate. These revisions have been further complicated by some unusual recent trends in local employment. We take a closer look.
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
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.
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.
April 2019 Executive Budget, Fiscal Year 2020 - Summarizes the major programs, priorities and objectives of the Executive Budget, capital priorities and initiatives, the general economic condition of the City and inter-governmental fiscal relations.