(New York, NY) – With the City’s economic growth beginning to slow, and rising fears of federal budget cuts under a Trump White House, New York City Comptroller Scott M. Stringer today presented his analysis of New York City’s Preliminary Fiscal Year 2018 budget and the January Financial Plan.
“Our economy is strong, but with the pace of growth slowing and with uncertainty surrounding the Trump White House mounting, we have to prepare for whatever comes our way. I believe that we must prepare for the challenges ahead,” New York City Comptroller Scott M. Stringer said. “Mayor De Blasio has presented a Preliminary Budget that contains a number of laudable new initiatives, which I support. Yet, as we face challenges ahead, we will have to grow our budget cushion and a more vigorous agency savings program will be necessary.”