New York City Comptroller Publishes Fiscal 2020 Annual Financial Report
Citations: Comprehensive Annual Financial Report, Fiscal 2020
SUMMARY BY TAX ANALYSTS
The New York City comptroller published the city's comprehensive annual financial report for fiscal 2020, reporting that tax revenues were $332 million below projections because of the "devastating" effects of COVID-19 on the city's economy.
The comptroller also issued a press release summarizing the major findings of the report.