A declining rental market in NYC would gut city income. Property taxes, a huge revenue source, would plummet as property values drop from lack of maintenance and sales. Fewer new builds mean less permit and construction-related fees. Budget shortfalls could force cuts to services or hikes in other taxes. What’s your take on balancing this?

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How would this combine with increased spending on all of the mayor's announced welfare programs? Can you put a number on it?