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The Comptroller's Comments on The Fiscal Year 2003 Executive Budget

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While fiscal year 2002 is certain to end with the budget in balance, fiscal year 2003 is not guaranteed to. The recession and the terrorist attacks left the city in a challenging financial condition. The Comptroller's analysis reveals that the fiscal year 2003 gap has increased by an additional $1.1 billion, bringing the total deficit to more than $6 billion.

Agency
Subject
Report type
  • Budget Report
Date published
  • 2002-05-01

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