NYC needs to build its way out of the pandemic recession hole, Stringer says
This story was originally published on Nov. 9 by THE CITY. Sign up here to get the latest stories from THE CITY delivered to you each morning.
Mayor Bill de Blasio should jumpstart pandemic-snagged plans to build affordable housing and schools, and repair aging infrastructure — even if it takes long-term borrowing to help pay for such projects, City Comptroller Scott Stringer declared Monday.
In a letter sent to de Blasio and obtained by THE CITY, the mayoral candidate argued that ample cash reserves, New York’s solid credit rating and historically low interest rates mean the city can afford to resume work on capital projects, despite serious budget problems.