City Obligations Slightly Lower Than Projections
Through the end of April, the City expended $3.747 billion and encumbered an additional $229.8 million. As a result, total obligations amounted to $3.977 billion or 80.7% of the $4.930 billion FY2021 target budget. This is lower than the annualized monthly spend of 83.3%, and $192.6 million or 4.6 percent less than they were last April.
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