#NYC’s $105B budget barely nods at soaring inflation despite boost in reserves
“NYC’s $105B budget barely nods at soaring inflation despite boost in reserves” No city budget is inflation-proof. But in the $104.9 billion budget deal he made with the City Council last Friday, Mayor Eric Adams is making the budget slightly more inflation-resistant, with higher rainy-day reserves. That’s better than nothing. But the numbers nevertheless show…