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This is first part of a three-part blog series documenting the Priority Based Budgeting process that the City is undertaking, culminating in the launch of online tools that will enable a “new lens” on how the City can use it’s resources for good. In the next blog, we will continue to document the City’s progress towards these ends.
trillion in 2016, which at the time was almost twice the size of the Federal Reserve’s balance sheet and became the largest source of GSE profits. 2] For an explanation of why it is so closely watched, see the Addendum at the end of this document. [3] The two portfolios together peaked at over $1.5 Excluding the $0.4
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