fiscal budget

Republicans and the White House will likely cooperate on corporate tax-reform, but the tax-increases the president proposed in his State of the Union Address are unlikely.

Despite mayor Bill de Blasio’s plans to spend on new initiatives like retraining police officers and providing mental health care for jail inmates, the city’s Independent Budget Office (IBO) predicts that the city’s fiscal health is in good shape for the next few years of the mayor’s administration.