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REGISTER NOW Despite an improving fiscal picture that includes higher bond ratings, New York City faces risks as it emerges from the darkest days of the pandemic, state and city fiscal watchdogs said. Those risks include the emerging of the COVID-19 Delta variant, the need for unspecified labor savings and a five-year capital program that might not be sustainable, said Michelle McManus, deputy director of the New York State Financial Control Board. The board, established during the city’s financial crisis during the 1970s and which still signs off on the city’s budget, remained in sunset mode Tuesday as it rubber-stamped a $98.7 billion spending plan for fiscal 2022.

New yorkUnited statesEric adamsThomas dinapoliMichelle mcmanusCurtis sliwaAdrian pietrzakMoody investors serviceCitizens budget commissionNew york cityNew york state financial controlCitizens budgetInvestors serviceKroll bond ratingsMunicipal securities rulemaking boardBill de blasio