Use the money you have
Jan 15, 2014 | 5071 views | 0 0 comments | 167 167 recommendations | email to a friend | print
Dear Editor:

Mayor Bill de Blasio calling for a fair share of financial assistance from Washington is the same tired old rhetoric from decades ago that has grown stale over time.

De Blasio's reference to the late United States Senator Daniel Patrick Moynihan concerning his analysis that New York sends more taxes to Washington than it receives back in aid is true.

The same argument could be made by each of NYC's five boroughs and fifty-nine community planning boards. You could take this analysis down to the census track level. Other cities and states can make similar arguments and have done so.

With a municipal budget of $70 billion and growing, how will Mayor de Blasio manage his existing city, state and federal resources. NYC's municipal budget is greater than most states and even many nations.

It is difficult to convince Washington for more money when the country is currently running annual budget deficits close to $1 trillion accompanied by long-term debt exceeding $17 trillion and growing. Ditto for Albany with a long term debt approaching $70 billion.

Perhaps Mayor de Blasio needs to put his own fiscal house in order before asking Albany and Washington for more assistance.


Larry Penner

Great Neck

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