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Is New York City on the verge of bankruptcy?

APRIL 3, 2019 | by Jose Nino | ADVOCATES FOR SELF-GOVERNMENT

Although Mayor de Blasio claims to have $750 million in savings for the preliminary fiscal 2020 budget, that amount may not be enough of a cushion during a potential recession.  New York Governor Andrew Cuomo’s preliminary budget has $600 million in cuts for the city in 2020. New York City’s fiscal house continue to lie on a shaky foundation...

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