New York City 2024 Budget Deficit. New york city’s budget deficit could hit $13.9 billion by 2027 — more than twice the shortfall projected by mayor eric adams — thanks to new and costly labor contracts, the. A $5.5 billion surplus from last fiscal year and $1.7 billion in savings from the city’s program to eliminate the gap (peg) have helped new york city balance its $112.6 billion.

New york, ny — as the city moves into fiscal year 2024 (fy 2024), new york city comptroller brad lander paints a picture of an economy that proved to be more resilient than anticipated just half a year ago, in a. A roadmap for state debt reform.