Projections remain consistent in outpacing OMB revenue estimates and continued forecast of moderate tax and job growth, providing opportunity to restore cuts to save essential services
City Hall, NY – Today, the New York City Council released its May 2024 Economic and Tax Revenue Forecast with consistent revenue projections that continue to outpace those of the Mayor’s Office of Management and Budget (OMB) by $1.1 billion for Fiscal Years 2024 and 2025.
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