Public Budget & Finance

Please complete the following exercises from Chapter 6, Exercise 1

Examine Table 6.1 (which I have attached) and answer the following 3 questions:

1.  Are total revenues growing faster or more slowly than expenditures?

Show the annual growth rates for revenues and expenditures in a table.

2.  What is New York City’s fastest-growing categor y of expenditures

during the planning period?

3.  What percentage of New York City revenues comes from the general

property tax? How much is this tax growing in each year of the financial

plan?