Alliance for Quality Education: N.Y. Mayor de Blasio Seeking Approval for City to Borrow to Cover Operating Expenses
May 28, 2020
May 28, 2020
NEW YORK, May 28 -- The Alliance for Quality Education issued the following statement in response to reports that Mayor Bill de Blasio was seeking approval from New York for the city to borrow to cover its operating expenses:
"Mayor de Blasio's intention to gain approval from the State to borrow funds in order to cover the city's operating costs may risk the city's fiscal sovereignty and open the door to executive overreach. The ability to borrow money will help limit budget cu . . .
"Mayor de Blasio's intention to gain approval from the State to borrow funds in order to cover the city's operating costs may risk the city's fiscal sovereignty and open the door to executive overreach. The ability to borrow money will help limit budget cu . . .