{"id":1290,"date":"2018-03-01T16:24:39","date_gmt":"2018-03-01T16:24:39","guid":{"rendered":"https:\/\/council.nyc.gov\/budget\/?page_id=1290"},"modified":"2018-03-23T22:00:58","modified_gmt":"2018-03-23T22:00:58","slug":"economic_revenue_forecast_fy_preliminary_budget","status":"publish","type":"page","link":"https:\/\/council.nyc.gov\/budget\/economic_revenue_forecast_fy_preliminary_budget\/","title":{"rendered":"Economy and Revenue Forecast for the FY 2019 Preliminary Budget"},"content":{"rendered":"

The Economic and Revenue Forecast for the Fiscal 2019 Preliminary Report addresses the City Council Finance Division\u2019s economic and tax revenue forecast, and provides a snapshot of the City\u2019s economy and the revenue budget. The Committee on Finance\u2019s hearing on the Preliminary Budget for Fiscal 2019<\/a> is the Council\u2019s first opportunity to examine the Administration\u2019s proposals and estimates of expected revenues.<\/p>\n

National Economy <\/h3>\n
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Strong global demand and a falling dollar is fueling exports and capital investment. This international trade is powering the US economy, which grew at a 2.6 percent rate in the between October and December of 2017. The strengthening economy also helps push unemployment down to the lowest level since the 2008 recession.<\/p><\/div>\n

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\n United States<\/strong><\/p>\n
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Employment 1.5%<\/p>\n

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Median Income $59,039\n <\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

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Download the Full Report<\/a>
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\n Learn more about how the budget works…<\/a>\n <\/div>\n<\/div>\n

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\n Change in National Real GDP, Real<\/em><\/p>\n
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