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Mayor de Blasio Trumps Up NYC Budget to $84.86B

Image: Mayor de Blasio Trumps Up NYC Budget to $84.86B
NYC Mayor Bill de Blasio, D-N.Y. (AP Photo/Frank Franklin II)

Wednesday, 26 Apr 2017 06:12 PM

New York City Mayor Bill de Blasio unveiled a hefty $84.86 billion executive budget Wednesday – an increase of more than $2.7 billion – as city officials brace for possible cuts from the Trump administration.

According to The Wall Street Journal, the budget includes hundreds of millions in reserves meant to boost the city's position in case there's any funding cuts from Washington, D.C.

About 10 percent of the city's budget comes from federal funding, the Journal reported.

"There is a deep uncertainty," de Blasio said at City Hall. "Our job is to be vigilant. Our job is to work with members of Congress and with mayors . . . to protect the interests of cities."

The executive budget proposal is for fiscal year 2018, which begins July 1, and must be approved by the City Council by June 30.

This year's budget has ballooned to $85.5 billion from $82.12 billion when it was adopted last June, the Journal reported; the proposed plan is nearly $200 million higher than the preliminary budget he proposed in January.

The city's budget has steadily grown in de Blasio's first term; it is up about $15 billion from almost $70 billion in fiscal year 2014, the last year it was negotiated under former Mayor Michael Bloomberg, the Journal reported.

Carol Kellermann, president of the Citizens Budget Commission, a nonpartisan watchdog group, said in a statement "in an atmosphere of political and economic uncertainty," the budget "should have exhibited more spending restraint," the Journal reported.

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New York City Mayor Bill de Blasio unveiled a hefty $84.86 billion executive budget Wednesday – an increase of more than $2.7 billion – as city officials brace for possible cuts from the Trump administration.
NYC, budget, mayor, Bill de Blasio
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2017-12-26
Wednesday, 26 Apr 2017 06:12 PM
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