City to have an extra $100M?

From the NY Post:

New York City Comptroller John Liu says New York will have an extra $100 million for its Fiscal Year 2013 budget.

Liu issued the findings ahead of City Council budget testimony by him and other city officials Wednesday.

Liu cites lower-than-expected interest rates. He says another factor is the refinancing of a $997 million General Obligation bond that's set to be finalized on Thursday.

The Fiscal Year 2013 budget, which takes effect July 1, is being negotiated by the mayor and City Council.

Any extra money could be used to restore funding to programs facing cuts, including city-sponsored child care. New money could also be used to reduce multibillion-dollar shortfalls expected for future years.