Findings suggest the City can avoid tapping the Rainy Day Fund
Separate Council forecast shows relatively stronger revenue outlook than the Office of Management and Budget for FY 26 & 27
City Hall, NY – Speaker Julie Menin and Finance Chair Linda Lee today released the New York City Council’s March 2026 Economic and Tax Revenue Forecast, alongside an initial analysis identifying nearly $1.7 billion in potential savings and additional revenue for Fiscal Year (FY) 2026, which ends June 30.
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