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NYC Faces $10 Billion Budget Gap As Business Tax Revenue Slows

New York City is staring down a $10 billion budget gap next fiscal year, reflecting slowing tax collections and uncertainty over federal funding streams, state Comptroller Thomas DiNapoli said in a new report.

New York City is staring down a $10 billion budget gap next fiscal year, reflecting slowing tax collections and uncertainty over federal funding streams, state Comptroller Thomas DiNapoli said in a new report.
The city has relied on booming tax colle… [323 chars]

Source: Bloomberg Tax News | Published: 2025-12-22T20:02:40Z

Credit: Bloomberg Tax News

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