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Changes to FY 2025 and FY 2026 City Funds Estimates from January 2025 Plan Source: Mayors Office of Management and Budget, Office of the New York City Comptroller FY 2026 Budget Total revenues (all funds) in the Executive Budget for FY 2026 are $541 million higher than projected in the January Plan

Recent collections have been strengthened by resilient corporate profits despite high interest rates and inflation threats that were previously expected to weigh more heavily on business performance

British American Tobacco still has a strong credit rating of BBB+ but in 2017 both Fitch and Moody's have downgraded their ratings (to BBB equivalent), and Fitch maintains a negative outlook on the stock due to the large debt it took on to buy Reynolds

"Ontario set to ban cigarette display cases"