A month ago, we were projecting kind of steady economic growth, but we're actually putting out a report tomorrow that says the city, as We were projecting kind of steady economic growth, but... the likelihood of an economic downturn or a mild recession has grown significantly as a result of tariff uncertainty. And when that happens, city tax revenues go down and you have simultaneously more need because more people are out of work. (1:22:47–1:23:08)
CLAIM
Asserts increased likelihood of economic downturn due to tariff uncertainty.
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