De Blasio’s Budget Cuts
Mayor de Blasio has called for some budget cuts for fiscal-year 2020, but tax revenues are in fact not projected to be lower, and the local economy is strong. The real problem is that the mayor has been spending money hand over fist for five years. His something-for-everyone approach to budgeting is showing strains.
The Facts You Need to Know
Gloom: Despite his gloomy tone, the mayor still proposes to increase overall spending by $3 billion, a 3.4% increase. Read more.
Boom: The real pressure on the budget comes from the mayor’s huge expansion in hiring. Read more.
Boon: Mayor de Blasio has made a virtue of giving labor unions everything they want. Read more.
“Our city’s budget has grown by $3 billion in one year. There is plenty of money.”
The Past is Present
“The mayor is hardly New York’s first chief executive to care about outer-borough job growth.”
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