NYC 9/11 Public Portal Document
Preliminary Financial Plan Update
2002 2003 2004 2005
Gaps at FY 2002 Budget Adoption (2,778) (2,611) (2,236)
Revenue Changes
Tax Revenues (1,000) (1,000) (750) (500)
OTB Sale (250)
Omnibus Tax Reduction Bill 100 200 200 200
Stock Transfer Incentive Fund (114) (114) (114) (114)
Total Revenue Changes (1,264) (914) (664) (414)
Other Spending Changes
State and Federal Program (150) (150) (150) (150)
Pensions 79 (82) (232) (309)
Labor (Uniforms 5,5,1.5)/ DC 37 A) (150) (160) (174) (175)
Medicare Part B (33) (51) (62) (73)
Total Baseline Spending Changes (254) (443) (618) (707)
Preliminary Gap to be Closed November Plan (1,518) (4,135) (3,893) (3,357)
November Gap Closing Program
Agency Program 1,311 1,000 1,000 1,000
General Reserve 100
FY 2002 Budget Stabilization Account 150 (150)
November Plan Remaining Gap 43 (3,285) (2,893) (2,357)
Stabilization Account 195
Alternative Gap Closing Plan 2002 2003 2004 2005
Agency Program 500 400 400 400
Federal Aid / Mandate Relief 1,000 1,000 1,000 1,000
State Approval of OTB Sale 250
Stock Transfer Incentive Fund 115 115 115 115
Budget Stabilization Account (347) 347
Total Alternative Plan 1,518 1,862 1,515 1,515
Remaing Gaps (2,273) (2,378) (1,842)
General Reserve 200)
Budget Stabilization Account 692
10/5/01
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NYC-WTC_00013635
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