Third Quarter Obligations on Target with City ’s Spending Projections
Through the end of March, the City expended $3.467 billion and encumbered an additional $266.6 million. As a result, total obligations amounted to $3.734 billion or 75.7% of the $4.930 billion FY2021 target budget. This is slightly higher than the annualized monthly spend of 75%, and $94.7 million or 2.5 percent less than they were last March.
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