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Paying up: The city budget bill keeps rising


Added 06-15-19 04:25:02am EST - “Ignore the broad smiles and energetic handshake between Mayor de Blasio and Council Speaker Corey Johnson, and swallow this number: New York City's budget is now $92.8 billion.” - Nydailynews.com

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Posted By TheNewsCommenter: From Nydailynews.com: “Paying up: The city budget bill keeps rising”. Below is an excerpt from the article.

Ignore the broad smiles and energetic handshake between Mayor de Blasio and Council Speaker Corey Johnson, and swallow this number: New York City’s budget is now $92.8 billion.

That tab amounts to municipal government costs of nearly $11,000 for each and every man, woman and child in the five boroughs, much of it built into structural spending that can’t be unwound.

Buoyed by a good economy, the total budget has grown by more than $20 billion since de Blasio took office six years ago, from $72.7 billion in 2013 to $92.8 billion this year. Total city funds spending is growing at double the rate of inflation; that’s after big spending boosts in the Bloomberg years.

Much of that money is coming from ever-rising property taxes. For years, that unjust system has cried out for reform; the mayor has talked and not delivered.

Even the $92.8 billion figure comes with an asterisk: The Council and mayor reached vague deals to fund pay parity for pre-K teachers and public defenders, exact cost TBD.

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