New York City Comptroller Scott M. Stringer released an annual analysis of the City’s economic and financial position, as required by the City Charter, finding that while the City’s economic recovery has been slower than hoped, a combination of extraordinary pension fund investment returns in fiscal year 2021 and savings from bond refinancings allowed the City to reduce outyear budget gaps.
The report analyzes the City’s November 2021 Financial Plan — which includes budget projections into FY 2025 – and potential risks and offsets to the City’s projected budget gaps.
To read Comptroller Stringer's full analysis of the November Plan, Click here
No comments:
Post a Comment