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NYC is facing severe budget woes in a few years: fiscal watchdogs

The expected $10 billion budget gap by 2026 s thanks to dwindling federal relief money that began flowing to the city due to COVID, a cooling off of the stock market that’s hurting city pension funds and a projected decrease in city tax revenue.

New York City s next mayor, Eric Adams, faces a host of issues

Eric Adams must deal with the COVID-19 pandemic's lingering effects, which include new remote-work patterns that may affect tax revenue and real estate values.

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