Editorial credit: lev radin / Shutterstock.com By Tim Balk, Evan Simko-Bednarski, and Tea Kvetenadze | NY Daily News ALBANY — Gov. Hochul on Tuesday proposed a $233 billion budget that would include about $2.4 billion for the city’s migrant crisis, vowing not to raise taxes but declaring that the state “must support the City of New York in this […]
Councilmember Justin Brannan (D-Brooklyn) speaks at City Hall about negotiating with mayor’s office before reaching a budget deal, June 29, 2023. Credit: Ben Fractenberg/THE CITY By Greg David | November 28, 2023 The leadership of the City Council is crafting an alternative to the budget cuts announced by Mayor Eric Adams that potentially includes using the city’s robust financial […]
By George Sweeting | November 21, 2023 | Center for New York City Affairs Immediate budget cuts; impending higher costs: New York City’s public schools face a seemingly inexorable financial squeeze. Last week, Mayor Eric Adams released a first-quarter modification to the current (Fiscal Year 2024) budget, as required by the City Charter. It included […]
Editorial credit: lev radin / Shutterstock.com As Asylum Seeker Crisis Continues to Grow, Federal COVID-19 Stimulus Funding Dries Up, and Tax Revenue Growth Slows, Adams Administration Takes Strategic, Essential Steps to Responsibly Manage City’s Finances With Migrant Crisis Set to Cost Nearly $11 Billion Over Just Two Fiscal Years and FY25 Budget Gap Expected to […]
Posted by Aaron Reichlin-Melnick | Oct 20, 2023 Unless Congress can come to an agreement on the budget by November 17, the government will shut down, forcing tens of thousands of federal employees to work without pay and suspending vital programs around the country. Right now, the biggest obstacle is the lack of a speaker of the house. […]
All Agencies to Submit PEGs in Response to Risks Posed by Rising Asylum Seeker Costs with COVID Funding Ending, Revenue Growth Slowing WATCH: Mayor Adams Speaks to New Yorkers About Budget Stabilizing Measures NEW YORK – New York City Mayor Eric Adams today announced several steps to stabilize the city’s finances given the convergence of circumstances threatening […]
From the Irish potato famine to the 1970s fiscal crisis, immigration has been key to the city’s growth in ways that are playing out again as asylum-seekers arrive. BY GREG DAVID // TheCity.nyc Editorial credit: lev radin / Shutterstock.com New York has been “destroyed by the migrant crisis,” Mayor Eric Adams claimed in April at a […]
Amid the ongoing budget negotiations between legislative leaders and the governor ahead of the April 10 extended budget deadline, New York City’s largest labor union District Council 37 came out in opposition to Gov. Kathy Hochul’s proposed bail reform changes. The labor union – which represents 250,000 public employees – sent a memo to the Legislature asserting […]