New York City is now $9 billion in the red thanks to the coronavirus shutdown, Mayor Bill de Blasio said Wednesday as he once again begged for a federal bailout or help from the state.
“There is literally no way we can solve this problem without federal help or without having to make very, very painful choices that will affect the quality of life in this city,” the mayor said at his daily coronavirus press briefing.
He renewed his call on Albany to let the city borrow a maximum of $7 billion for up to 30 years though acknowledged the agreement — if passed — was far from ideal.
Continue reading “De Blasio says coronavirus has put NYC $9 billion in debt”
