New York City reported a $5 million surplus in its general fund for the 31st straight year, but warning signs hover, Comptroller John Liu said in his annual analysis of the city’s finances.

“The outlook for the national and local economies has worsened considerably since a year ago. Given the numerous drags on growth and the lack of economic policy consensus at the federal level, a continued slow and fragile recovery has been the best-case scenario,” Liu said in his outlook, released Wednesday night.

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