And we do have budget gaps for the reasons we talked about. We don't have budget gaps because the city is not doing well economically. Last year we were $5.7 billion more revenue than we had projected. We had expected that there was a real risk of a recession as a result of rising interest rates. Knockwood. You know, that hasn't happened. (42:41–42:48)
CLAIM
Asserts that New York City had $5.7 billion more revenue than projected last year.
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