De Blasio must cut spending, help small businesses and put money aside for the next crisis

When President Joe Biden and Senate Majority Leader Chuck Schumer passed the $1.9 trillion pandemic relief package, I, like many New Yorkers, celebrated what felt like a second chance. After losing so many lives and enduring an economic depression, Democratic leaders in Washington approved billions in federal aid to individuals, small businesses and cultural institutions—along with $7 billion in aid to close our city’s budget gap.

The latter is critical to our recovery, but our city’s leader needs to spend the federal dollars wisely in order to kick-start our recovery while setting us up for success in the years ahead.

Unfortunately, while funding several worthy programs and initiatives,

→ Continue reading at Crain's New York Business

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