By Samar Khurshid
The New York City Council and budget officials from Mayor Bill de Blasio’s administration engaged in a familiar push-and-pull on Monday, at the first hearing on the $92.5 billion executive budget proposal for the 2020 fiscal year that begins July 1.
The Council, disappointed that many of its priorities were not included in the latest spending plan presented by the mayor, pushed for more funding and pointed to hundreds of millions in revenue available to the city, but officials from the Office of Management and Budget urged restraint as they emphasized the dangers of a slowing economy and insisted the Council’s revenue estimate was far rosier than their own.
De Blasio presented his executive budget last month with $300 million more in proposed spending than his preliminary plan released in February. The $92.5 billion proposal would mark yet another record high in city spending, up nearly $3.4 billion from the current fiscal year and about $20 billion from the budget that de Blasio inherited from former Mayor Michael Bloomberg.