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Manhattan Institute

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How de Blasio Has Bloated the City’s Budget

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How de Blasio Has Bloated the City’s Budget

New York Post June 27, 2019
Urban PolicyInfrastructure & TransportationNYC

Few national politicos are interested in fiscal responsibility, which should be a relief to Mayor Bill de Blasio. His budget numbers are in, and Hizzoner’s what-me-worry profligacy stands out even by the standards of Washington.

He’d better hope that the debt-fueled national economic boom holds — because it’s the only thing keeping his city together in his absence.

For the fiscal year that starts on July 1, Gotham is on track to spend close to $95.6 billion. Of that, $73 billion is local-taxpayer money; the rest is federal and state grants. That’s a big jump from the $69.7 billion in local money in the fiscal year that’s just ending — 4.8%, when inflation is running about 1.8%.

The city budget is yet another way that de Blasio is losing his rivalry with Gov. Andrew Cuomo. State grants to the city are down by more than $100 million for the upcoming year. But rather than direct key voting blocs’ ire toward Albany over cuts, de Blasio just makes up for the spending at the local level, then complains about it.

Continue reading the entire piece here at the New York Post

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Nicole Gelinas is a senior fellow at the Manhattan Institute and contributing editor at City Journal. Follow her on Twitter here.

Photo by Win McNamee/Getty Images

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