DiNapoli: NYC Needs to Develop Comprehensive Plan to Manage Pandemic-Battered Finances

Posted to Applied Web NY on Thu, 10/29/2020 - 10:20

New York City, facing significant uncertainty in its economic and financial outlook, should develop a comprehensive plan to lay out its options before resorting to long-term borrowing to fund operations, according to a report released today by State Comptroller Thomas P. DiNapoli. DiNapoli urged the federal government to provide relief, as it has after each of the last two recessions.

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