«Budget monitors and
rating agencies have all applauded this administration's fiscal prudence, with reserves
at unprecedented highs, out - year gaps
at lows, and a strong $ 1.1 billion citywide savings program for FY15 - 16 that we'll
build on this year in collaboration with the Council,» said Amy Spitalnick, spokesperson for the Mayor's Office of Management and Budget, in a statement to Gotham Gazette.