The City quietly reduced unofficial reserves by nearly $7 billion over the past four budgets. Folks are starting to notice
Interesting so basically the BSA is a reserve but isnt called that so flags werent raised even though it has been tapped in to for multiple years now?
Yup! It hasn't gone un-noticed by the Comptroller's office, but is less widely written about than the rainy day fund
Interesting so basically the BSA is a reserve but isnt called that so flags werent raised even though it has been tapped in to for multiple years now?
Yup! It hasn't gone un-noticed by the Comptroller's office, but is less widely written about than the rainy day fund