The Mayor’s Budget
The Story
Read more at nytimes.com Photo: Scott Olson/Getty Images
Mayor de Blasio and the city council reached agreement on next year’s budget ahead of schedule—giving him plenty of time for presidential campaigning and debate preparation. But the budget, while punctual, represents a lack of prudence. The city continues to expand spending in a manner that is unsustainable.
The Facts You Need to Know
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Spending: Spending of local tax revenue has increased by 30% in the last 6 years—much faster than the rate of inflation. Read more.
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Saving: The city is adding some money to its general reserves, but what it’s putting in is exceeded by new spending commitments. Read more.
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Hiring: Mayor de Blasio has radically expanded the number of workers on the municipal payroll. Read more.
“New York can afford all this spending because it’s lived in a sense of unreality for the past six years.”
Twitter Take
NYC should have a rainy day fund. Read our report to learn why it doesn't, how it would help, and how it should be set up. https://t.co/rkADOXvovU https://t.co/GpM22Eo4OE
— Citizens Budget Comm (@cbcny) June 28, 2019
The Past is Present
“The differences between Mayor de Blasio and his predecessor go beyond style.”
And in other news...
“It is not the first time the city has had to go to court to defend its transportation policies.”