Are Local Governments Approaching a Fiscal Cliff?
DINAPOLI WARNS CHANGING FISCAL LANDSCAPE COULD INCREASE BUDGET CHALLENGES
This report examines the ways that funding received by local governments – from federal stimulus programs – as well as volatile annual state and local revenue sources – can impact local budgeting. The temporary nature of the federal stimulus funds in combination with state aid that has not kept pace with inflation, sales tax growth that has returned to lower pre-pandemic levels, and flat property tax revenue growth can put local governments closer to the edge of the fiscal cliff if not carefully managed.
Open Book New York
SEARCH STATE AND LOCAL GOVERNMENT FINANCIAL RECORDS
Comptroller DiNapoli wants New Yorkers to know how their tax dollars are spent. Without transparency in government, there cannot be accountability. Open Book New York provides comprehensive financial data on State contracts, payments, spending and more.