
Yeah I see people celebrating that he balanced the budget, but no one is looking into how it was done. He extended the funding timeline of the unfunded portion of pension liabilities (ie you expect a 1,000 pension a month and the government only has enough to pay you 600 for example). He just kicked the can down the road, it’s gonna accrue interest in the meantime and be harder to fund these pensions later on.
Uhhh probably should’ve done that before approving the budget and extending the timeline to fund these pension liabilities by 5 years. If he wants to raise taxes, go for it (I don’t live in NYC so idc) before approving the budget. But don’t kick the bill down the road five years (where it’ll be more expensive and accrue interest) and not have a plan to fund these public employees’ pensions in the future. It’s balanced bc they’re not paying their public employees pensions, and there’s no magic