Submitted by exgalactic t3_11l1b2t in nyc
alias_impossible t1_jbcx1x3 wrote
Reply to comment by spoil_of_the_cities in Council to Adams: there’s more money to be found by exgalactic
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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