Brace Yourselves. New York’s Financial Winter Is Coming
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Opinion

Brace Yourselves. New York’s Financial Winter Is Coming

Joe Borelli

Bill de Blasio has never raised taxes, at least not in any substantive way. That’s right, the Mayor who has demanded them, proposed them, opined on them, and even lamented their unpopularity has never actually imposed a tax increase upon the good citizens of New York City. 

So how did Mayor de Blasio balloon the city budget by more than $20 billion from the $69.9 billion plan he inherited to the $92.7 billion mammoth he passed in 2019? How did he have more new money to spend than the entire budgets of L.A. and Chicago combined? 

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