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"Coupling the costs of a national crisis that has fallen onto New York City with COVID funding that is running out and reduced revenue growth, our city's financial future may be at risk if we do not act," Mayor Eric Adams said.
September 11 -
In the first half of the year, private-sector jobs in the Big Apple surpassed pre-pandemic levels as payroll gains outperformed the national growth rate. However, Mayor Adams says there is one big problem that "will destroy New York City."
September 8 -
For the three-month period ending June 30, the fund's investments returned about 3.08%.
August 17 -
Despite looming economic and social challenges, New York City's economy has proven to be more resilient than projected, New York's comptrollers Brad Lander and Thomas DiNapoli say.
August 14 -
Costs associated with the influx of migrants could cost the city more than $12 billion over fiscal 2023, 2024 and 2025.
August 10 -
New York City's $1 billion deal was re-priced to lower yields and a tax-exempt and taxable deal for the NFL's Tennessee Titans new stadium priced.
August 9 -
Though the city has vast financial strengths, it is struggling with the costs of housing migrants and declining commercial property values.
August 4 -
Issuers are grappling with struggling transit systems in post pandemic.
July 27 -
Proceeds from the sale will be used to fund infrastructure projects in the city's $164.8 billion 10-year capital plan.
July 14 -
New York State Comptroller Thomas DiNapoli urged state agencies to do more to protect water systems from cyberattacks as Moody's Investors Service said cyber risks pose challenges to municipalities across the United States.
July 10