NYC’s COVID-19 spending for schools could lead to ‘fiscal cliff,’ audit warns

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The city’s costly campaign against COVID-19 learning loss could send it towards a “fiscal cliff,” according to a new report from state Comptroller Tom DiNapoli.

The audit asserted that new Department of Education initiatives being launched through federal assistance will eventually exhaust that funding and run in the red.

“Historic federal investment has provided an opportunity to meet short-term challenges, but it won’t last forever,” DiNapoli said. “I urge the department to address future budgetary risks and commit to prudent long-term financial planning, to ensure its ability to sustain

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