The Independent Budget Office says the city's latest budget projections may be too pessimistic.
The city has 7,000 new hotel rooms in the pipeline. But will enough visitors come to keep them full?
The city's latest budget revision includes 250 additional layoffs by the end of June, as the city continues to tighten its fiscal belt.
Community Board 12 is asking for the public's input on the city's 2012 capital and expense budget for Inwood and Washington Heights.
City Council members said Tuesday that the largest round of layoffs since the mayor took office could have been prevented.
Four New York City Councilmembers are experimenting with participatory budgeting, or letting residents have a say in how capital funds are spent in their neighborhoods.
The Mayor's Budget Office has informed all city agencies that they must slash another 2 percent from their budgets this year and 6 percent in 2013.
The Second Avenue subway hit a milestone on Thursday when a tunnel boring machine reached the Lexington Avenue-63rd Street station to complete the Phase 1 tunnel.
A recent report found that Chelsea has the most affordable rooms in Manhattan.
More than 1,600 new police recruits - the largest class since 2006 - took the oath of office in Brooklyn Wednesday.
After a a 15-hour delay, the Council voted 49-1 in favor of the plan, which saves teachers' jobs, but eliminates others.
The City Council will now vote on the austere 2012 budget and its deep cuts Wednesday morning.
The City Council was originally supposed to vote at 8 p.m, Tuesday. Now, the hour of the vote is unknown.
About 1,000 city workers will still be laid off under the budget plan, set to be approved by the City Council Tuesday.
The Upper East Side icon will raise the optional admission charge to $25 on July 1 because of "budgetary challenges."
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