Mayor de Blasio introduced a $77.7-billion preliminary budget Feb. 9 that would increase spending to boost social services, police-officer safety and EMS response times while exercising caution due to concern about a potential economic downturn.
Citing what he called the “tale of two economies”—referring to his focus on income inequality—Mr. de Blasio was optimistic about recent economic growth, but said it had been tempered by middle-class stagnation and uncertainties about the longer-than-average duration of the recovery from the Great Recession, which technically ended in 2009.
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