They warned, however, that projected budget deficits of as much as $ 40 million within two years could cause a credit downfall unless the city finds a way to balance the books. (syracuse.com)
The city faces a $ 4 billion dollar budget deficit in the next fiscal year. (gothamgazette.com)
It changes numerous deductions and tax breaks and is expected to add $ 1 trillion or more to federal budget deficits over a decade, according to congressional estimates. (cnbc.com)