NYC-WTC_000195490

NYC 9/11 Public Portal Document

Four-Year Financial Plan ($ in Millions)

2002 2003 2004 2005

Revenues Taxes: General Property Tax............... .............. . $8,643 $9,100 $9,536 $9,970 Other Taxes ........... . ............ .............. . 13,885 14,584 15,282 16,071 Tax Audit Revenues .................................. 487 426 427 427 i Tax Reduction Program ............................ (494) (719) (1,041) (1,264) Miscellaneous Revenues.............................. . . 4i600 ' 3,979 4,046 4,032 Unrestricted Intergovernmental Aid ................. !7()6 632 632 632 Other Categorical Grants .. ................................ 392 360 352 344 Less: Intra-City Revenues .............................. (1,343) (1,301) (1,256) (1,256) Disallowances Against Categorical Grants _j_^) ____ ^) ___(15), ___ 05) Sub-Total City Funds....... ................................ $26,861 $27,046 $27,963 $28,941 Inter-Fund Revenues . ...................................... , 301 ^97 297 297 $28,260 ' “$29^ li Total City & Inter-Fund Revenues ................... $27,162 $27(343 Federal Categorical Grants .............................. 4,457 4,131 4,105 \ 4,104 State Categorical Grants .................................. 7,913 8,012 8,101 8,179 Total Revenues ................................................ $39,532 $39,486 $40,466 ’ $41,521 )• Expendintres Personal Service ................... $21,865 $22,375 $22,693 $23,129 Other Than Personal Service .. 17,391 17,389 17,687 17,976 Pay-As-You-Go Capital......... 150 150 150 120 Debt Service ........... . . 924 2,964 3,401 3,583 Budget Stabilization Account . 345 0 0 0 MAC Debt Service ............... 0 490 489 490 [ General Reserve ................... __ 200 200 200 200 m?7’5 $43,568 $44,620 $45^ ) Less: Intra-City Expenses (1,343) (1,301) Total Expenditures......... $39,532 $42,267 $43,364 $44,242 Gap To Be Closed $0 $(2,781) $(2,898) $(2,721)

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A comparison of the gaps in this financial plan to the gaps that existed when the 2001 budget was adopted ind a revised out-year gap closing program for 2003 through 2005 follow. h:

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NYC-WTC_000195503