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Council members press budget and reserve questions during stated agenda session
Summary
Council leaders and committee chairs discussed the executive budget, the size of reserves and remaining negotiations with the mayor, with the finance chair noting the council had pushed reserves to $8 billion and Speaker Adams advising caution given federal uncertainty.
During a New York City Council session, members and reporters asked the council leadership about the city’s executive budget and the adequacy of reserve funds. Speaker Adams and the council’s finance leadership responded that while the current budget is a “good start,” the council will continue negotiations and cautioned against assuming stability given federal-level uncertainty.
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