"New York City expects to receive $8.9 billion in additional resources during fiscal years 2007 and 2008 compared with the forecasts made one year ago, even after addressing funding needs that were not contemplated at the start of the current fiscal year, according to a report released today by State Comptroller Thomas P. DiNapoli. The report finds that the City has used these resources to narrow projected future budget gaps and to improve the City’s long-term financial position.
“A few years ago, the City was struggling to close large projected budget gaps. Now, thanks to prudent stewardship and a strong economy, the City has a surplus and is investing that surplus in ways that will yield long-term benefits,” DiNapoli said. “The good choices being made today will build a better financial picture for tomorrow.”
DiNapoli’s report found that New York City realized $5 billion in unanticipated tax revenues this year alone based on strong job growth, near-record Wall Street profits, and a resilient real estate market."
But there's still no money for city planning, department of buildings, landmarks, parks, etc...