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City Sets Rainy Day Fund Rules | New York City News
Published 1 week, 3 days ago
Description
City council and mayor’s office strike a massive $126 billion budget deal, with a major focus on strengthening the Rainy Day Fund—setting strict withdrawal rules and a target balance to ensure fiscal resilience during tough times. Comptroller Mark Levine champions these safeguards, signaling a long-term commitment to financial stability amid big spending.
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