By Brian Pascus, includes “Separate reports by the state and city fiscal watchdogs paint grim pictures of the economic outlook for the city. State Comptroller Thomas DiNapoli released a report that studied the effects of government borrowing to pay for operations. … The annual Comprehensive Annual Financial Report by New York City Comptroller Scott Stringer looks at a host of other budgetary issues, yet it is no more optimistic about the city’s fiscal fortunes than DiNapoli.”