Statement from NYC Comptroller on Administration’s New FY 2024 PEG Directive

New York, NY — New York City Comptroller Brad Lander issued the following statement:

“Today’s PEG directive shows that the unresolved State budget poses serious threats to New York City. Albany must stop delaying the budget, and instead fully fund the MTA, provide the State’s share for shelter and services for asylum seekers, and remove the Governor’s proposed cost shifts that could cost the City over $1 billion.

“City Hall’s response to uncertainty from Albany is a blunt approach that cuts arbitrarily rather than plans strategically for the future. These broad cuts will hit agencies that already faced large and arbitrary headcount reductions imposed by City Hall earlier this year.

“As our analysis of the preliminary budget showed, despite revenues above projections this year, the City faces serious out-year budget gaps. We need a long-term, strategic approach that allows agencies to plan for efficiencies and attrition over time that will protect critical services and considers revenue increases targeted to those who can afford them in order to make wise investments in the City’s future thriving. Not 10 days for every agency to make hasty cuts.”

The Comptroller’s Office’s analysis of the FY 2024 Preliminary Budget is available here.

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