Adams, other pols write letter to governor to activate rainy day fund
Rainy day fund
Borough President Eric Adams, State Senator Brian Benjamin and Assemblymember Robert Carroll sent a joint letter to Governor Andrew Cuomo. The letter is sent to activate a rainy day fund.
The letter comes in the middle of the coronavirus pandemic.
The elected officials, including Adams, noted in the letter that the City will only have a brief window to put away money into a rainy day fund before tax revenues plummet.