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The State of the City's Economy and Finances, 2005

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The November Modification to the Fiscal Year 2006-2009 Financial Plan shows substantial increases in Fiscal Year 2006 revenues and trims a large budget gap projected for Fiscal Year 2007. The most notable changes in the November Modification include a significant increase in the revenue forecast, the impacts of the collective bargaining agreements reached in October and November, and the recognition of a one-time benefit stemming from the implementation of a new State policy designed to limit growth in the local share of Medicaid expenses.

Agency
Subject
Report type
  • Budget Report
Date published
  • 2005-12-15

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