Scott Stringer warns city isn’t prepared for slowing economy
The city needs to build up its reserve funds because “there’s no question the economy is slowing down,” Comptroller Scott Stringer said Friday. He pointed out that the expected surplus for this fiscal year — which is rolled over annually to cover expenses — is $3.1 billion, down $1.4 billion from 2018. “In turbulent times…
Scott Stringer warns city isn’t prepared for slowing economy
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