New York City faces its worst fiscal crisis since the 1970s because of the coronavirus pandemic, with massive job losses and an estimated $9.7 billion decrease in the city’s tax revenue over the next two fiscal years, according to a report released.
The city’s Independent Budget Office estimated a possible loss of 475,000 jobs.
De Blasio said "There’s no way to balance this budget with cuts alone. It’s impossible. Unless we’re talking about not providing basic services to New Yorkers, and if we’re not providing basic services, then you can kiss your recovery goodbye,”
De Blasio said "There’s no way to balance this budget with cuts alone. It’s impossible. Unless we’re talking about not providing basic services to New Yorkers, and if we’re not providing basic services, then you can kiss your recovery goodbye,”
Mr. de Blasio and City Council leaders have spent more taxpayer money, hiring more workers and increasing city services, and this year is no different: The budget for the 2019-20 fiscal year, which begins July 1, weighs in at $92.8 billion.
Stop complaining and Balance the Budget. Just a thought.
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