NY Comptroller DiNapoli: NYC Budget Balanced, But Risks Loom

December 13, 2012 – New York City’s budget is balanced for the current fiscal year, but looming issues, including the impending fiscal cliff, Superstorm Sandy, unresolved collective bargaining and delays in the sale of taxi medallions pose risks to the city’s budget, according to an analysis of the city’s four-year financial plan released today by New York State Comptroller Thomas P. DiNapoli. “This year’s budget is balanced and next year’s budget gap appears manageable, but there are a number of unresolved issues that could increase the size of projected gaps in the years ahead,” DiNapoli said.

Link to Press Release: http://osc.state.ny.us/press/releases/dec12/121312a.htm

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