More On City Budget
Search Within This Topic
Showing 1 - 2 of 2
Press Mention
City Budget
De Blasio finds $164M in NYC labor ‘savings’ by pushing union payouts to 2022
New York Post
October 29, 2020
While the mayor also touted the postponed DC37 payouts as “labor savings,” budget experts said that characterization is misleading.“You can’t pretend that delays save money,” said Andrew Rein, president of the independent Citizens Budget Commission.
“The city needs to restructure its finances to be stable. We have to find enough savings in this budget so that the money we collect can pay for the services we need,” he explained.
Rein said it was a mistake for de Blasio to rely on an uncertain federal bailout to solve the city’s cash crunch.
“Federal aid, we’re worthy of it. It’s welcome, we should get some. We don’t know when, We don’t know how much.
“Counting on it to solve all of our problems is a dangerous thing because it will take the pressure off doing what we need to do which is restructure the city’s finances so we can have a stable government that we can afford.
“If we don’t find those savings in the right way and in a recurring way that happens year after year, we’re just going to make our problems worse, not better,” Rein said.
Press Mention
Economic Development
CBC Report Assesses Amazon's Move to Empire State
Spectrum News
November 21, 2018
A new breakdown of the Amazon deal concludes that although the city's tech sector and tax revenue will reap considerable benefits, further analysis exposes glaring weaknesses in the the city and state's economic development policy