A persistent pandemic-driven downturn has caused revenue from business and personal-income taxes to fall in New York City, while tourism and job losses have yet to recover.
Source: New York Times
N.Y.C. Faces Potential Fiscal Crisis as $10 Billion Budget Deficit Looms
Published in Adams, Eric L, Budgets and Budgeting, Corporate Taxes, Labor and Jobs, New York City, Organized Labor, Politics and Government and Recession and Depression
More from Adams, Eric LMore posts in Adams, Eric L »
- Adams’s Re-election Bid Fueled by Real Estate Titans and Out-of-Towners
- Judge’s Rebuke of New York City Signals Potential of Rikers Takeover
- Six Charged With Organizing Illegal Donations to Adams’s 2021 Campaign
- Jordan Neely Was on New York’s ‘Top 50’ List of Homeless People at Risk
- Hochul and Adams Envision ‘New New York.’ Getting There Is the Trick.
More from Budgets and BudgetingMore posts in Budgets and Budgeting »
- In New Forecast, New York City Projects $2.9 Billion Deficit
- Bernard Rosen, Budget Brain for Four New York City Mayors, Dies at 91
- What to Expect as New York Faces a Potential Fiscal Crisis
- New York City Can Reinstate School Budget Cuts, Court Rules
- Judge Says He Will Toss Out New York City School Budget
More from Corporate TaxesMore posts in Corporate Taxes »
More from Labor and JobsMore posts in Labor and Jobs »
- Hochul and Adams Envision ‘New New York.’ Getting There Is the Trick.
- Inside the Fight to Pay Food Delivery Workers $23 an Hour
- A Times Square Hotel Was Set To Become Affordable Housing. Then the Union Stepped In.
- New School and Parsons School of Design Adjunct Faculty Go On Strike
- Tras una peligrosa odisea, un intento por sobrevivir en Nueva York
More from New York CityMore posts in New York City »
- Harvey Weinstein's Appeal: Harvey Weinstein’s New York Conviction Is Overturned
- Tabloid Publisher Describes Deals to Buy Silence at Trump Trial
- Tabloid Publisher Testifies Trump Asked Him to ‘Help the Campaign’
- Over 100 Arrested at Columbia After Pro-Palestinian Protest
- Jury of 12 Is Seated in Trump Criminal Trial
More from Organized LaborMore posts in Organized Labor »
- Rikers Has a Deadly Contraband Problem. Are Cargo Pants to Blame?
- Subway Station Clerks To Step Out From Booths Into New Role
- Strike Ends at the New School and Parsons School of Design
- A Times Square Hotel Was Set To Become Affordable Housing. Then the Union Stepped In.
- Workers at Trader Joe’s in Brooklyn Reject Union
More from Politics and GovernmentMore posts in Politics and Government »
- New York Governor Seeks to Address Housing Crisis With Stopgap Measures
- Hochul and Adams Envision ‘New New York.’ Getting There Is the Trick.
- Scott Stringer Sues for Defamation Over Sexual Assault Claim
- Ukrainian Accused of Election Interference Charged With Money Laundering
- Letitia James Accused of Protecting Top Aide From Harassment Allegations
More from Recession and DepressionMore posts in Recession and Depression »
- Artists and musicians are getting a new source for aid in the New York State budget.
- It’s Not Too Late to Discover Louise Meriwether
- After Pandemic, Shrinking Need for Office Space Could Crush Landlords
- Pushed by Pandemic, Amazon Goes on a Hiring Spree Without Equal
- Manhattan’s Office Buildings Are Empty. But for How Long?
Be First to Comment