And that's why it's going to require an all of the above approach. That's why we welcome this news. We also think the city's relationship with the state has to change. You know, The city sends about 54.5% [of its revenue to the state] only receives 40.5% in return. return. And we also think that the city's relationship with its wealthiest residents, most profitable corporations, also has to change so that we can bring the city back to firm financial footing. (02:04–02:13)
CLAIM
Asserts that New York City sends 54.5% of its revenue to the state but only receives 40.5% back.
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