The leaders may raise their revenue estimates even further because they have yet to agree on a projection of how much will be generated next year by the lottery.

"Also that the revenue estimates available in June would not be raised."

Total revenues for 2011 it estimates at $3.145bn.

At present, his administration estimates unusually large budget deficits and lower revenue estimates that, in effect, presume a dip in the city's current boom-time fortunes.

The Governor lowered his revenue estimates twice more that year, and the state ended the fiscal year with a $1.1 billion operating deficit.

The administration lowered its revenue estimates every few months, this time linking the problem to an unexpected downturn in the economy.

"I expect the revenue estimates to get worse over the coming months," he added.

The mayor now dominates the fiscal management of the city, proposing how much to spend and setting the revenue estimates on which such decisions are based.

During the recession, the city lost so many jobs that the Bloomberg administration's revenue estimates at times proved to be too optimistic.

But it would also probably reduce smoking, and Federal officials are trying to refine their revenue estimates to take account of that.