“Strengthening the City reserves and refocusing on savings has been a consistent priority of the City Council. Given the uncertainties facing the State and the Federal budgets and in anticipation of slowing economic growth in the City and across the world, it is now more important than ever to carefully plan for the City’s future. The November Plan outlined by the Administration incorporates sound cost saving measures advocated by the Council, however, we remain concerned about rising shelter costs and pension obligations. The Council remains committed to working with the Administration on the City’s budget in the coming months to address the needs of all New Yorkers.”