Comptroller Mark Levine said Mayor Zohran Mamdani’s plan to draw down $1.2 billion in reserves to balance the budget could make things even worse for taxpayers when it’s time to cook up next year’s spending plan.
“You do not want to be draining the reserves when the economy is otherwise good,” Levine said Sunday on CBS New York’s 2’s “The Point with Marcia Kramer.”
Raiding $1.2 billion next year and $2.6 billion over the next two years as the Mamdani administration’s plans would leave the city flatfooted if the economy goes south.
“It’s going to leave us more vulnerable next year … This is not a year to be draining our reserves,” Levine said…