New York City Projecting Surplus of $2.7 Billion in Current Fiscal Year

Posted to Applied Web NY on Fri, 02/21/2020 - 14:51

New York City projects a surplus of more than $2.7 billion for fiscal year (FY) 2020, up from $550 million in November 2019, which it plans to transfer to FY 2021 to help balance that year’s budget, according to a report released today by State Comptroller Thomas P. DiNapoli.