N.Y. Comptroller: New York City Budget Balanced But Economic Risks Have Grown
August 07, 2019
August 07, 2019
ALBANY, New York, Aug. 7 -- New York State Comptroller Thomas P. DiNapoli issued the following news release:
New York City ended fiscal year (FY) 2019 with a surplus of $4.2 billion, according to a report released today by State Comptroller Thomas P. DiNapoli. The surplus was generated by higher than expected revenues, especially tax collections, the city's savings program and unneeded reserves in that year.
"New York City's economy continues to expand, but the ris . . .
New York City ended fiscal year (FY) 2019 with a surplus of $4.2 billion, according to a report released today by State Comptroller Thomas P. DiNapoli. The surplus was generated by higher than expected revenues, especially tax collections, the city's savings program and unneeded reserves in that year.
"New York City's economy continues to expand, but the ris . . .