Mayor Bill de Blasio’s call for a fair share of financial assistance from Washington is the same tired old rhetoric from decades ago that has grown stale over time.
De Blasio’s reference to the late United States Sen. Daniel Patrick Moynihan concerning his analysis that New York sends more taxes to Washington than it receives back in aid is true. The same argument could be made by each of the city’s five boroughs and 59 community boards. You could take this analysis down to the Census tract level. Other cities and states make similar arguments.
With a municipal budget of $70 billion and growing, how will Mayor de Blasio manage his existing city, state and federal resources? New York’s municipal budget is greater than that of most states and even many nations.
It is difficult to convince Washington for more money when the country is currently running annual budget deficits close to $1 trillion accompanied by a long-term debt exceeding $17 trillion and growing. Ditto for Albany, with a long-term debt approaching $70 billion.
Perhaps de Blasio needs to put his own fiscal house in order before asking Albany and Washington for more assistance.