Does NYC run a deficit?
Does NYC run a deficit? Now, the governor's budget office says the deficit has nearly doubled to $9 billion, rising to over $13 billion the following year. The budget office released its revised numbers earlier this month.
Is New York City in debt?
The outstanding debt total as of July 1, 2022 included $36.31 billion of net General Obligation (GO) debt, $29.83 billion of NYC Transitional Finance Authority (TFA) debt above its $13.5 billion authorized base, and $19.8 billion in contract and other liabilities, as shown in Table 1 on page 6.