Mayor Eric Adams.
Workplace of the Mayor of New York Metropolis
Our administration got here into workplace with a transparent mission: to guard public security, revitalize our economic system, and make all 5 boroughs extra livable for the 8.3 million individuals who name New York Metropolis their house. For the final two years, now we have labored every single day to make our imaginative and prescient a actuality. And the lately launched Fiscal Yr 2025 Preliminary Finances retains us on observe.
I’m proud to report that jobs are up, crime is down, vacationers are again, our streets are cleaner, and our youngsters’s take a look at scores are higher. Now we have completed all this and delivered a balanced price range for New Yorkers.
It is necessary for New Yorkers to grasp how we achieved this balanced price range that invests in working-class households, regardless of an ideal storm of COVID-19 stimulus funding drying up, tax income development slowing, labor contracts that went years overdue, and an ongoing nationwide humanitarian disaster that has introduced greater than 170,000 asylum seekers to our metropolis in lower than two years.
Regardless of a file $7.1 billion hole, we have been in a position to steadiness and stabilize our price range with out shedding a single metropolis employee, elevating taxes, and with minimal disruption to providers that New Yorkers depend on. That is the results of cautious fiscal planning and administration.
We made powerful however crucial choices like implementing a hiring freeze and a Program to Remove the Hole (PEG) financial savings program. These steps, together with an unexpectedly robust economic system, and reducing asylum seeker prices helped steadiness the price range.
And to correctly handle the asylum seeker disaster, we helped file over 27,000 functions for asylum, work authorization, and momentary protected standing. We additionally helped greater than 60 % of migrants take the following steps of their journeys.
Our robust fiscal administration additionally helped to make restorations that put {dollars} again in direction of public security, public area, and younger folks.
We restored funding for the April Police Academy Class, which suggests 600 extra officers out on our streets this fall. Moreover, we restored the fifth firefighter at 20 of the town’s engine corporations as a result of extra firefighters on the job at all times helps.
We are going to keep 23,000 litter baskets throughout the 5 boroughs, and proceed to put in the award-winning “Litter Basket of the Future,” so we are able to maintain can profitable the warfare towards rats. And we are going to proceed to fund our Parks Alternative Program, which retains our public areas clear and inexperienced whereas serving to our neighbors discover job alternatives.
And to help certainly one of our younger folks, our administration restored funding for 170 group faculties in order that college students and households can proceed to get the help they want, each out and in of the classroom. As well as, for the primary time ever, our metropolis will make investments new funds into and fully pay for Summer season Rising, a program that impacts 110,000 kids, and had initially been funded with momentary federal stimulus {dollars}.
Lastly, libraries throughout all 5 boroughs will keep their present degree of funding so they don’t have to additional cut back the library applications and providers that New Yorkers of all ages love.
All of those wins are attainable due to our fiscal planning and self-discipline that maintain our metropolis secure and clear and open the doorways of alternative for everybody.
However we should proceed to be cautious.
Specialists anticipate the economic system and job markets to gradual this 12 months, and asylum seekers will proceed to reach, so we should be vigilant and stay targeted on making authorities extra environment friendly and spending taxpayer {dollars} fastidiously. That’s the reason we’re proud that our preliminary price range features a near-record Wet-Day Fund of $8.2 billion.
Operating a metropolis of any measurement is rarely simple. And balancing the numerous competing wants of a metropolis like New York requires us to assume forward and make the very best choices we are able to for at present and tomorrow. Every thing we do is about making this metropolis safer and making it work higher for working-class New Yorkers. That’s what this price range delivers.
