New York Fiscal Year 2021 Budget

The reality is that new york city is still in a serious fiscal crisis even after its coronavirus fueled budget cuts.

New york fiscal year 2021 budget. Mayor bill de blasio s 2021 budget deal simply returns spending to 2018 levels and payroll to 2019 even as the city faces its deepest economic downturn since the great depression. The fy2021 enacted budget does that and advances the governor s making progress happen agenda. Fy 2021 new york state executive budget 2020 21.

After tense negotiations and a close vote ending early morning july 1 the city adopted an 88 2 billion budget for fiscal year 2021. A listing of the enacted budget bills is provided. Our 2021 budget request prepared in consultation with key stakeholders and our board of trustees to renew the university s four year plan constitutes our abiding aspiration to build a.

The new york state enacted budget documents for fiscal year 2021 2020 21 include the financial plan with quarterly updates the capital program and financing plan and aid to localities and school districts. The fiscal year 2021 executive expense budget is 89 3 billion. The budget is balanced includes no new taxes continues to phase in tax cuts for the middle class.

The budget passed in the midst of the covid 19 public health crisis a crisis that hit new york particularly hard as the state with the highest number of confirmed cases in the country. On april 3 new york governor andrew cuomo and the state legislature passed a 177 billion state budget for fiscal year 2021. Article vii of the new york state constitution requires the governor to submit a budget detailing a plan of expenditures and an estimate of revenues for the upcoming fiscal year bills containing all proposed appropriations and reappropriations and other legislation needed to implement the executive budget.

Fiscal year 2021 discretionary funding expense application filing period december 10 2019 discretionary funding policies and procedures january 9 2019 fy2020 capital funding for non city organizations december 20 2018. This is a moment in history unlike any other and government needs to function and deliver results for the people of this state. On city council s approval of the nyc 2021 budget.