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Special Feature Capital Spending
March 04, 2019At the end of fiscal year 2018, New York City debt outstanding grew to $119 billion. As total debt has grown—by 75 percent since 2005—the forms of debt the City issues have also diversified. This growth affects the City budget in the form of higher debt service costs. For City-supported debt, debt service costs were slightly below 11 percent of tax revenues in fiscal year 2018.
Letter Capital Spending
July 05, 2018With the Capital Commitment Plan now topping $82 billion, it is more important than ever to find ways to reduce costs and speed up project delivery.