|Contact:||Mayor's Press Office (212) 788-2958
City Council's Press Office (212) 788-7113
"To be clear, the Fiscal Year 2001 City Budget adopted yesterday did not increase spending by 9%. The amount of City-funded tax levy spending for Fiscal 2001 as described in the resolution adopting the budget is $25.4 billion not $27.7 billion as reported. This amount represents an approximate 3% decrease from projected City-funded spending for fiscal year 2000. This is consistent with the Mayor and City Councils' goal to keep City-funded spending below the rate of inflation."