Mr. Niblack’s comments came in response to a question from ABNY panel moderator Maria Doulis, vice president of the Citizens Budget Commission. “There are certainly risks on the Federal side” in terms of budget cuts, she said, but “there is also this question mark about the economy.”

‘Flat’ Revenues a Worry

She continued, “The monitors released their reports of the city plan and they find the economic growth, at least in terms of jobs being added, is slowing. This is also the first time in an expansionary period that I remember seeing non-property tax revenues, which are more economically sensitive, be essentially flat” for the current fiscal year and the next.”