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According to Crain's, NYC will have a $1.5 Billion surplus next year. Hypothetically speaking, where would you like the bulk of these funds going toward? Any pet projects you'd fund? Also remember $1.3B is not that much here, the city has an annual budget of nearly $80 billion.
According to Crain's, NYC will have a $1.5 Billion surplus next year. Hypothetically speaking, where would you like the bulk of these funds going toward? Any pet projects you'd fund? Also remember $1.3B is not that much here, the city has an annual budget of nearly $80 billion.
According to Crain's, NYC will have a $1.5 Billion surplus next year. Hypothetically speaking, where would you like the bulk of these funds going toward? Any pet projects you'd fund? Also remember $1.3B is not that much here, the city has an annual budget of nearly $80 billion.
The poster above and the poster below are anti poor, anti uneducated, anti middle class, anti working class, pro gentrficiation and other nuances with so on. I would say use the money to support your agenda of moving the masses of undesirables out of the city and make NYC more desirable.
Quote:
Originally Posted by NyWriterdude
The city should significantly contribute to the MTA's capital budget. The subway system needs not only upgrades, it needs expansions.
He said excluding MTA which is a state agency. First off 1.3 billion is not going to do much for the MTA's NYCT division and will only be a dent with improving its system. NYC has a transportation crisis, but 1.3 billion is not going to do much. Same could be said for fixing roads and bridges. NYC also has a housing crisis and 1.3 billion is not going to do much, NYCHA repairs are about 20 billion dollars, and tax abatements for affordable housing wont do much either with 1.3 billion dollars. NYC has an education crisis. Using the 1.3 billion for more mix public/private charter schools wont do much either. If I was the city and I had a surplus of money? I would pay back creditors that loan money to the city, and or pay back municipal bond holders. Improving finances in the long run for a municipality makes the a city look more healthy and stable on paper in the eyes of creditors and bond buyers.
But if the city wanted to use 1.3 billion dollars on improving the city? I would say the money should go to improving parks through out the city. A job core to help those in need of work especially vets and excons who have difficulty finding work. Use 1.3 billion to improve city agencies like sanitation, NYPD, FDNY.
Last edited by Bronxguyanese; 03-28-2015 at 12:39 PM..
Save it for a rainy day just like Bloomberg did when he had a surplus. As a result, when the financial crisis occurred, NYC faired well compared to other cities.
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