QUESTION
Will there be further peg restorations in the executive plan?
0:38:40
·
39 sec
If the economy remains strong, potential discussions about further peg restorations in the executive plan could happen between the council and the NYC Mayor's Office of Management and Budget (OMB).
- Discussions on potential peg restorations will occur if the economy improves beyond expectations.
- The NYC Mayor's Office of Management and Budget and the council will identify joint priorities for potential restorations.
- Any decision on partial or full restorations will be discussed collectively between the parties.
- The decision will hinge on the economic conditions leading up to plan adoption.
Adrienne E. Adams
0:38:40
The mayor recently announced that the peg originally scheduled for these executive plan would not be implemented.
0:38:46
But in light of these actions, can we expect to see further peg restorations in the executive plan?
Jacques Jiha
0:38:53
As I just indicated, as we get closer to adoption, if the economy remains very strong and improves better than we anticipate, we will have discussion with the council as we always do in terms of identifying our joint priorities.
0:39:11
And if there are things that can be partially or fully restored, we will discuss them with you.
Adrienne E. Adams
0:39:16
And they will be discussed together.
Jacques Jiha
0:39:18
Yeah.
0:39:18
It will be discussed together.