N.Y. Comptroller DiNapoli: NYC Fiscal Year 2024 Budget Balanced, But Out Year Gaps Continue to Grow
December 20, 2023
December 20, 2023
ALBANY, New York, Dec. 20 -- New York State Comptroller Thomas P. DiNapoli issued the following news release on Dec. 19, 2023:
New York City faces spending risks that could increase its budget gaps for Fiscal Years (FY) 2025 through 2027 to an average of $12.6 billion annually, fueled by spending choices made during the pandemic, underbudgeting for recurring spending, and significant costs associated with the influx of asylum seekers into the five boroughs, according to a report rel . . .
New York City faces spending risks that could increase its budget gaps for Fiscal Years (FY) 2025 through 2027 to an average of $12.6 billion annually, fueled by spending choices made during the pandemic, underbudgeting for recurring spending, and significant costs associated with the influx of asylum seekers into the five boroughs, according to a report rel . . .