«Participatory Budgeting has
put budgetary decisions directly into the hands of the people and I am excited to see it expand throughout New York City,» said Council Member Stephen Levin.
Further, according to BofA - Merrill's analyst team at a midyear press conference on Wednesday in New York, any positive
budgetary effect of the tax increases would be overshadowed by the growing burden of the U.S. debt ceiling as spending and hiring
decisions are
put on hold and the election heightens partisanship.