Several things were mentioned:
Overall tax revenue growth for the city is expected to "slow" to 2.4%;
Non-Real Estate taxes are "flat," with only an expected growth of 0.5%
Real Estate Transaction taxes have DECLINED 15%
45% of NYC's labor is "foreign born."
50% of NYC's employment come from Education, Health, and Technology (two of which are HEAVILY subsidized by government!)
The city's long-term financial viability is in the hands of Trump (dB called it, 'A profound challenge from Washington...' and 'Deep Uncertainty at Federal Level') and Cuomo ('Emerging Uncertainty in the State Budget'), both of which do not seem ready to commit themselves to future dollar amount to NYC financial support. What was implied was that the city's part of the Medicaid bill is a big problem, and the state may, or may not, pick up some more of it.
So, when the hammer falls, it will be their fault....!
Spending, except for some irrelevant issues like paving 1300 miles of city streets, was really not addressed--like the cost of homeless "initiatives," welfare, and Medicaid...and outstanding debt on borrowed money.
Meanwhile, full-speed-ahead on "affordable housing."
One really outstanding "expenditure" will be $4.5 MILLION to be spent on financing "community members" on a goal to "reduce gun violence," with a sub-section saying, "hiring to begin this summer."
This, my friends, is a prime example, in this election year, of "WALKING AROUND MONEY."
Why not spend that $4.5M on POLICE OVERTIME to ARREST gun toters?
Because it's "politically incorrect" to arrest people of color for felony crimes, that's why.
I think the warning still holds: "Don't Make Any Big Plans Just Yet"