… Francesco Brindisi developed that when you have excess revenues, half of it automatically would go into that fund and so you wouldn't be subject to negotiations each year. But no, No money was added to either of those reserves in last year's adopted budget. You know, in last year, last June when they adopted the FY25 budget, they just, you know, there's some money in them that was, you know, before, I think mostly put there by the de Blasio administration. (32:15–32:23)
CLAIM
Asserts that no funds were added to the city's long-term reserves in the previous year's budget.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
