Submitted by exgalactic t3_11l1b2t in nyc
spoil_of_the_cities t1_jbcwjb6 wrote
Reply to comment by alias_impossible in Council to Adams: there’s more money to be found by exgalactic
I have a generally low opinion of the City Council. I actually knew one of them back in the day and can make 1/51 of that judgment from direct personal interactions!
I hold the city's various agencies generally in higher esteem than the Council.
So I figure the bureaucracy's team is probably a bit better than the Council's team, but more importantly, less likely to manipulate things in favor of the Mayor than the Council's team would be likely to manipulate things in favor of the Council.
> Is it that you just want a smaller budget due to fiscal conservatism?
The number under discussion is an estimate of a future fact - it is better to have a more accurate estimate.
alias_impossible t1_jbcx1x3 wrote
I agree. I find IBO's estimates at yesterday's hearing to be most accurate, and and they said that while this year could tolerate more spending without issues, in two years it would be an issue with current estimates because of the risk of recession and higher interest rates on debt.
Just saying that Council Finance is actually pretty conservative based on my interactions, they're just more transparent than the Mayor's office because their documents have to be written to any council member's understanding. Whereas OMB really is wonky. Not bad! I respect OMB staff I've worked with. Just, not inherently transparent.
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