New York City Office of the Comptroller
11/12/2026 | Press release | Distributed by Public on 11/12/2026 14:34
Statement from NYC Comptroller Mark Levine on the Mayor’s November Financial Plan
Statement from NYC Comptroller Mark Levine on the Mayor's November Financial Plan
November 12, 2026
New York, NY - New York City Comptroller Mark Levine issued the following statement on the Mayor's November Financial Plan:
"The November update emphasizes the extent to which our budget relies on Wall Street surging. Tax revenues driven by Wall Street exceeded projections by nearly $1 billion in the first quarter alone, but the City faces a budget gap of more than $6 billion in Fiscal Year 2028.
The City has much more work to do to achieve meaningful savings and put its finances on a sustainable path. My office will closely monitor these trends and update our fiscal projections in the coming weeks."
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