As Mayor Bill de Blasio and City Council close in on a $100 billion budget for next year’s budget, fiscal experts warn the spending is built on a fragile foundation of past growth and an influx of federal spending that may not last into the future.
“Federal money is not recurring and is being used to fund programs permanently,” said Ana Champney, director of city studies at the Citizens Budget Commission. “And then there’s uncertainty on what the rate of property tax revenue will be.”
With City Council and the de Blasio’s administration locked in budget negotiations before the fiscal year ends on Wednesday night, fiscal experts
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