In a statement on the new budget, the nonpartisan Citizens Budget Commission called the rainy day fund contribution “modest,” and noted that the revised budget eliminated savings that were created in the preliminary spending plan by adding back thousands of vacant positions.



“Spending more now is seductive, but shortsighted,” Andrew Rein, president of the commission, said in the statement. “Without increasing productivity or shrinking lower priority programs, the City may be on a path to massive service cuts or harmful tax increases when the next downturn arrives.”