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Cuomo outplays de Blasio again, this time in the budget wars

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20.01.2020

It took seven years, but Mayor Bill de Blasio has finally done the unthinkable: propose a city budget whose spending only increases modestly, in line with inflation. Hizzoner isn’t wrong, then, to say that the city’s immediate fiscal woes stem from Gov. Andrew Cuomo, not from him. One problem, though: De Blasio’s first six years of budgeting have made Gotham vulnerable not only to a mild downturn, but to the governor’s antics.

The $95.3 billion budget that de Blasio unveiled last week would be an excellent tone to set — if this were the mayor’s first year. After adjusting the figure for state and federal contributions to the city, as well as technical factors, city taxpayers will spend about $73.9 billion in the fiscal year that starts this July 1, up from $72.8 billion last year. This $1.1 billion increase is lower than inflation, at about 1.5 percent.

The city benefits not just from de Blasio’s newfound pragmatism, but from happy surprises: Tax revenues are running about $1.2 billion higher than the city ­expected last November. Indeed, Wall Street banks almost uniformly reported a banner year.

So........

© New York Post