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A Legislative Storm Is Brewing Over NYC 'Rainy Day' Fund

By David Kahne and Dina Kolker (March 4, 2020, 12:00 PM EST) -- Among the lesser-covered charter revision referendum questions on the ballot in New York City this past November was referendum Question 4. It asked voters whether the city charter should be revised to allow the city to create a revenue stabilization, or rainy day, fund in its budget, intended to stash away surplus revenues during periods of economic growth for use in times of downturn or recession....

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