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“#Cuomo budget could cut $500M from NYC public hospitals: de Blasio” Mayor Bill de Blasio claimed that Gov. Cuomo’s budget proposal would cut nearly $500 million in funding from the city’s public hospital system, potentially forcing City Hall to cut 900 doctors and nurses and close 19 clinics in the midst of the COVID-19 pandemic….
“#City Hall using a gimmick to obscure extent budget crisis: watchdog” City Hall is using a billion-dollar gimmick to obscure the true depths of the Big Apple’s budget crisis, a fiscal watchdog group argues in a new analysis. Mayor de Blasio’s budget depends on scoring $1 billion in recurring savings from the city’s labor unions…
“#De Blasio’s budget barely whistles past the graveyard” For all of Mayor de Blasio’s gushing last Thursday over “very good news . . . really good breaking news” concerning the city’s $95.5 billion budget for the next fiscal year, which starts in July, the real news came during the question-and-answer session. To wit, Gotham’s commercial-property values have…
“#NY leaders need to face facts, and start making real cuts” Good budget news for New York: The pandemic hasn’t driven down tax revenues by as much as feared, while the feds have been far more generous with pandemic relief than local pols want to admit. The bad news: Neither Mayor de Blasio nor Gov….
“#De Blasio’s ‘gift’ to next mayor: An insolvent city” With a budget time bomb ticking down, Mayor de Blasio has finally ordered city agencies to think about finding some savings — too little, too late. The mayor at last admits that Washington most likely won’t be coming to his rescue as the city faces a…
“#NYC spent $12M per inch of snow plowed last winter: report” Despite paltry amounts of snow last winter, NYC taxpayers really got plowed. The city paid roughly $12 million for every inch of snow pushed to the curb, new data shows — 12 times the amount the city laid out per inch in 2003. But don’t…
“#NYC must downsize its government and other commentary” Budget expert: NYC Must Downsize Its Gov’t With tax revenue down sharply thanks to the pandemic, Yankees president and former labor commissioner Randy Levine, at Empire Report New York, sees no alternative to “downsizing” city government. “The private sector has taken an enormous financial hit.” Yet “for…
“#Despite revenue surge, NYC 2022 budget crunch still near $4 billion” City Hall remains in desperate fiscal straights as it stares down a $3.8 billion deficit next year, even as an unexpected surge in tax revenues helped alleviate some pain, according to budget documents released Monday. Mayor Bill de Blasio’s budget writers now expect Gotham’s…
“#Biden won’t give them bailout” Mayor Bill de Blasio’s mid-year budget update is due in the next two weeks, but we don’t have to wait in suspense: The mayor demands that President-Elect Biden deliver the dough. But what do the election results really say about the prospects of a full-on bailout for Gotham and New…
“#CUNY orders furloughs of campus bosses to confront fiscal crisis” The head of the City University of New York has ordered furloughs for hundreds of top officials and administrators in the 25 campus system to address a daunting fiscal crisis triggered by the coronavirus pandemic, The Post has learned. CUNY Chancellor Felix Matos Rodriguez said…