6 ms·
Doubt they will raise taxes more than what is already the highest rates in the country. More likely outcome is that as salaries across the spectrum decrease the
by ramraj07 6y ago
Doubt they will raise taxes more than what is already the highest rates in the country. More likely outcome is that as salaries across the spectrum decrease their spending will too. This has every chance of going well for the city as it does the other way. Hard to predict the second degree effects on things like crime anyway.
- hevelvarik 6y agoHas any major city ever drastically cut spending to address a secular trending down of tax revenue? Honest question, cause as far as I can tell modern cities just keep spending until they literally can’t at which point the city is long ago put a fork in it done. Color me skeptical that NYC has the electoral will to make wise fiscal decisions going forward.