On May 2, 2013, the Mayor released his executive budget for FY 2014 and the associated four-year financial plan (“the May Plan”). The May Plan reflects the estimated impact of federal sequestration, the cost of Superstorm Sandy and the enacted State budget. Although the May Plan projects modest budget gaps beginning in FY 2015, the City has yet to reach new labor agreements with its unions.
Reports
See Audits to search for audits related to State agencies, NYC agencies, local governments, school districts and public authorities.
Economy
May 2012 —
New York added more jobs in the past two years than previously reported, according to revised data from the New York State Department of Labor.
Budget & Finances
September 2007 —
New York faces considerable fiscal challenges that will require the State’s leaders to find creative and effective solutions in order to chart a positive course for the future. A well-planned, collaborative effort will help the State reverse patterns of unsustainable spending, rising debt levels and structural budgetary imbalances.