Source: New York Post
City Comptroller Mark Levine proposed new rules to set limits on dipping into New York’s “rainy day” fund — a move that would block Mayor Zohran Mamdani’s plan to raid the dough to cover a $5. 4 billion budget gap. The comptroller released a report on Thursday recommending several guidelines for the city’s Revenue Stabilization Fund that would require the account stay at a minimum of 10% of the city’s tax revenues.
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