Gotham Gazette is an online publication covering New York policy and politics as well as news on public safety, transportation, education, finance and more.
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Despite an improving fiscal picture that includes higher bond ratings, New York City faces risks as it emerges from the darkest days of the pandemic, state and city fiscal watchdogs said.
Those risks include the emerging of the COVID-19 Delta variant, the need for unspecified labor savings and a five-year capital program that might not be sustainable, said Michelle McManus, deputy director of the New York State Financial Control Board.
The board, established during the city’s financial crisis during the 1970s and which still signs off on the city’s budget, remained in sunset mode Tuesday as it rubber-stamped a $98.7 billion spending plan for fiscal 2022.
The work which shuttered service between Jay St.-MetroTech and Utica Ave. to replace rails and track plates and upgrade switches forced beachgoers to switch to slow-crawling shuttle buses or pay an extra fare on the Long Island Rail Road.