City Council Examines De Blasio’s $92.3B Preliminary Budget
The New York City Council recently began its examination of Mayor Bill de Blasio’s preliminary budget for the 2022 fiscal year, which begins July 1. At $92.3 billion, it’s almost $3 billion less than this year’s budget. The mayor’s preliminary budget came out at a time of great uncertainty brought on by the pandemic. According to the Mayor’s Office, the pandemic has brought $5.9 billion of unexpected costs as unemployment skyrocketed to 20 percent and remains at over 12.1 percent.