June 28, 2024 (City Hall, Manhattan) – Today’s ceremonial handshake between New York City Mayor Eric Adams and City Council Speaker Adrienne Adams signaled the safe landing of Adams and Adams United, despite prior turbulence. Prop airplane in hand between the two, this moment served as a metaphor that both parties reached an agreement on the city’s spending plans for FY25, despite intense negotiations that sought to balance the need for fiscal responsibility, with the needs of every day New Yorkers. As a result, in the last moments of discussions, funding cuts were restored to the New York Public Library ($58M), as well as to cultural institutions ($53M). Further, additional funds were allocated to the Parks Department ($15M); and to the city’s capital housing budget ($2B) to expand the availability of more affordable and supportive housing.
Health and Community Safety – $65.1 million
Opportunity Programs and Essential Services – $1.428 billion
Schools and Student Support Programs – $400.2 million
Institutional Pillars of NYC Neighborhoods – $173.8 million
A link to the full New York City Council press release is provided here.
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