Mayor Bill de Blasio will unveil an $84.67 billion spending plan
Tuesday, as he enters the final year of his first term preparing for a
re-election campaign and awaiting the still unknown fiscal impact of
Donald Trump’s presidency on the city.
A spokeswoman for de Blasio’s office said the budget will focus on “public safety, affordability, education and infrastructure.”
The preliminary spending plan for Fiscal Year 2018, which begins
July 1, is $2.57 billion higher than the $82.1 billion spending plan de
Blasio proposed last year.
The City Council ultimately approved an $82.2 billion final budget last summer. It then approved a modified $83.5 billion budget in November,
with increased spending bolstered largely by additional federal aid,
unexpected costs due to under-performance in the city’s pension system
and more than $100 million in new agency costs, driven in large part by
new spending for the city’s Department of Homeless Services.
City-funded spending in the preliminary budget de Blasio will unveil
Tuesday afternoon is expected to be $61.6 billion, an increase of $1.8
billion.
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Source: Politico (via The Empire Report)
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