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Controller Projects $38.3M Year‑End Surplus but Flags $45M Public Health Shortfall; Committee Continues Discussion
Summary
The Controller—s six-month report projects a $38.3 million year-end surplus driven by tax gains but identifies major departmental shortfalls — notably an estimated $45.9 million gap at the Department of Public Health — prompting the Budget & Finance Committee to continue follow-up and request additional reporting.
The Budget & Finance Committee received the Controller—s six-month financial update and a companion presentation of budget instructions and deficit projections from the Mayor—s Office.
Deputy Controller Monique Smuta reported a projected current-year surplus of $38.3 million, driven principally by stronger-than-anticipated tax receipts including property transfer tax and other local revenues. The surplus reduces the two-year planned deficit modestly, but the Controller and Mayor—s Office warned that structural pressures remain.
The Controller—s report identified department-level variances that, taken together, create…
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