This story was originally published on January 6 2021 by THE CITY. Sign up here to get the latest stories from THE CITY delivered to you each morning.

While Democratic control of the U.S. Senate raises the prospect of more federal aid for New York, city and state budgets apparently are in far better shape than Mayor Bill de Blasio or Gov. Andrew Cuomo will admit.

That’s the conclusion of new analyses that show the city will end the current fiscal year with a $1.5 billion surplus and a manageable deficit for the next one. Meanwhile, Cuomo has more than enough money to close his much-ballyhooed $8 billion hole this fiscal year and whittle the gap for 2021-2022.

Gov. Andrew Cuomo and

Read More At Article Source | Article Attribution