Saturday, June 2, 2007

Comptroller's report

"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...


Anonymous said...

It’s funny how the surplus goes up as my neighborhood gets noisier, dirtier and more covered with graffiti.

Funny how cops are rare but garbage piles up. Schools are over crowded and parking spaces vanish.

So what are they doing with my taxes? Why am I not seeing it spent to benefit me and my family?

Anonymous said...

It seems to me that you live in an area that the city has decided to ignore.

Any big development projects slated for your area?

Time to move!

Anonymous said...

Couldn't agree more!!! It is time to move. Our house is on the market and we are headed out West.

Anonymous said...

The only surplus that I can see being directed to my neighborhood is the natural gas variety that is expelled by my elected representatives and other officials !!!