Archives of the Mayor's Press Office

FOR IMMEDIATE RELEASE
Date: Wednesday, June 7, 2000

Release #215-00

 
Contact: Mayor's Press Office (212) 788-2958
City Council's Press Office (212) 788-7113


JOINT STATEMENT BY MAYOR RUDOLPH W. GIULIANI,
COUNCIL SPEAKER PETER F. VALLONE AND
COUNCIL FINANCE CHAIRMAN HERBERT E. BERMAN

"To be clear, the Fiscal Year 2001 City Budget adopted yesterday did not increase spending by 9%. The amount of City-funded tax levy spending for Fiscal 2001 as described in the resolution adopting the budget is $25.4 billion not $27.7 billion as reported. This amount represents an approximate 3% decrease from projected City-funded spending for fiscal year 2000. This is consistent with the Mayor and City Councils' goal to keep City-funded spending below the rate of inflation."

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