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Safety Net: Background on the City’s Budget Reserves and How the Mayor Plans to Use Them

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As local tax revenue and aid from Albany decline due to the economic fallout from the coronavirus pandemic, Mayor de Blasio has proposed using a substantial share of reserve funds to help balance the city’s budget. We look at the city’s different reserve funds and the Mayor’s plan for using them.

Sub title
  • Focus On The Executive Budget
Agency
Subject
Report type
  • Other
Date published
  • 2020-05-05
Language
Fiscal year
  • 2021
Required Report Name
  • Report on the Executive Budget