Economic Uncertainty and Its Impact on New York City Budgets

Even with a 90-day pause on President Donald Trump's reciprocal tariffs, Greg David, who covers fiscal and economic issues for THE CITY and directs the business and economics reporting program and the Ravitch Fiscal Reporting Program at the Newmark Graduate School of Journalism, argues that local economy—supported in part by Wall Street and tourism—will worsen, and how state and city budgets will respond to the economic turmoil.