De Blasio Uses NYC Budget Savings for Spending on Health, Energy
- New spending includes building retrofits, anti-measles program
- Billions from bonds for schools, affordable housing and jails
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New York Mayor Bill de Blasio said the city is on track to wrest $916 million of savings from his streamlining push, allowing him to finance building, health and other programs while holding spending at about $92.5 billion in the coming year.
Those savings exceed the $750 million goal he set in February. Rather than cut spending, unused funds will be shifted to finance $150 million “in additional critical needs identified since February,” the mayor said as he presented his final spending plan for fiscal 2020. The proposal will likely be modified before it’s approved by the City Council over the next two months.