A lot has been said about the NYC's fiscal year 2024 budget—from its size to the cuts to its manageability—but these claims are not supported by the facts. CBC took a moment to unpack some common myths about the budget.

Myth 1: NYC's FY 2024 Adopted Budget is $107.1 Billion.

• Fact: The City's adopted budget is $112.6 billion...

Myth 2: Understaffing at City agencies is due to budget problems.

• Fact: The City has over 26,000 vacant positions...

Myth 3: The Programs to Eliminate the Gap (PEG) cut programs and services to the bone and drove down spending.

• Fact: Just 10 percent of the $2.6 billion in recurring savings directly affect program services...

Myth 4: This is an austerity budget.

• Fact: This year's budget is 22 percent higher than FY 2019...

Myth 5: Future budget gaps are manageable.

• Fact: Actual budget gaps grow from $8.7 billion next year to $11.5 billion in FY 2027.

GRAPHS AT A GLANCE:

1. NYC's FY 2024 Adopted Budget is $112.6 Billion
2. The City Has Over 26,000 Vacant Positions; Over 21,000 Are Full Time
3. Newly Added City-Funded Spending Is Nearly Three Times the Size of PEG Savings
4. The NYC Budget Increased $20 Billion from FY 2019 to FY 2024
5. The City Is Facing Potential Budget Gaps that Grow from $8.7 Billion to $11.5 Billion