Page 10 - Budget Stabilization News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Mayor, i havent worked for a mayor yet that will take an cross the board up to the time cut but look at options and be able to make discussions about those choices from the policy point of view the mayor is continuing to focus on his shared prosperity that is included as part of his budget instruction to ask the departments his proposals focus on affordability and shared prosperity but address fiscal sustainability for the city and government efficiency but address government efficiency and Customer Service and helps to address the population growth were experiencing other instructions are sim...

Associated with our Public Safety hiring plan plan also assumes the package from november of the increases in the mta baseline the citys minimum wage and the renewal of the Childrens Fund so those restraining order incorporated into the projections and finally we assume that in the first year of the budget which was the second year of last years budget the funding for capital and it are based on what was actually opportunity by i did mayor and the board so im going to go into revenues and talk about expenditures. Ms. Howard just so our community is clear and members of the public those numbers...

Coming from the nonprofit world and being there for over 30 years and actually running one for about 18 years, i know how difficult it is when you dont get a cost of living adjustment for your budget and when we talk about cost of living you know when you have to operate a nonprofit, it includes everything from administrative costs to salaries and sometimes theres certain things go up faster than others. Certainly rents have gone up faster than what we would consider a cost of living adjustment so you have to make those decisions as a nonprofit where funding would go to keep your operations on...

Expenditures grow more quickly than the revenues are growing our fiscal strategy is really youre not to cut programs and services but to grow at a slower rate instead of growing the cost of government by 23 percent grow at 18 percent that is closer to cip and identify the revenues solutions that what about part of that package so we propose in the plan a number of fiscal strategies to solve the gaps in every year including reviewing Capital Spending and restructuring some of the debt and generating savings and manage the benefit costs the contract we negotiate with the employees as well as the...

Is no economic downturn 13 percent growth over the next 5 years as i mentioned the higher growth rates are higher in the 3 years of the plan because we want to make sure that were accounting for potential risk of economic changes over the last years of the plan the top like that t is what were projecting with our revenue fined resources to 210 million in growth compared to the first years and another one hundred a Strong Revenue growth i think were looking across you know all our major tax Revenue Growth 4 5 and 6 percent and slower in the last part of the plan ill highlight the second line is...