Bleeding cash, de Blasio outlines $2.7B in cuts, higher fines

With the hobbled city facing a $7.4 billion hit to tax revenue, Mayor Bill de Blasio announced $2.7 billion in cuts — as well as a bump in revenue from building violations. The mayor’s executive budget plan slashes his preliminary budget, announced in January, to $89.3 billion from $95 billion. Its list of expected savings includes $12 million in additional revenue from “hazardous violations” issued by the Department of Buildings. Representatives from the mayor’s office

source https://therealdeal.com/2020/04/16/bleeding-cash-de-blasio-outlines-2-7b-in-cuts-higher-fines/