New York City will mobilize a record budget of $ 98.7 billion by 2022 with the goal of moving toward recovery from the crisis caused by the coronavirus pandemic, which includes nearly 14.2 billion in federal aid.
The mayor of the city, Bill de Blasio, who announced that the legislators have reached an agreement, stressed the importance of these federal aid and pointed out that they constitute a fundamental pillar of the budgets together with the projections of growth of the local economy, which are will translate into revenue for the municipal coffers.
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