… strengthening two different reserves that the city is holding, putting another billion dollars in the city's rainy day fund against the risks of economic downturn or recession, but also to Grow the city's general reserves by a billion dollars this year. so that we have money in reserve to cover just the cuts I outlined here. If the CDBG cut happens, and that's that, 169 or get the number right, the CDBG cut happens. (14:17–14:22)
CLAIM
Asserts a proposal to increase NYC's general reserves by a billion dollars.
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