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Review of the New York City Financial Plan:

Fiscal Years 1998 Through 2001

July 2, 1997



H. Carl McCall

State Comptroller

Rosemary Scanlon

Deputy State Comptroller for the City of New York

Report 2-98

Submitted to the Financial Control Board

and the Municipal Assistance Corporation

Office of the State Comptroller
Office of the State Deputy Comptroller
270 Broadway, 23rd Floor
New York, NY 10007
Telephone: (212) 417-5442
FAX: (212) 417-2144


Contents

Executive Summary
Economic Overview
Fiscal Year 1998
Fiscal Years 1999 Through 2001
The Capital Budget
Progress Toward Recurring Budget Balance
Other Concerns
Appendix -- Tax Reduction Program