Dear New Yorkers,
Mayor Eric Adams’ preliminary budget is out — and “fiscal discipline” is the theme, he said as he presented it from City Hall.
The $102.7 billion proposal includes cuts to libraries, schools and social services.
On Thursday, Adams highlighted the economic challenges the city faced, from settling multiple expired labor contracts to this year's anticipated $1 billion price tag for addressing the migrant crisis.
“We are focused on governing efficiently and measuring success not by how much we spend, but by our achievements,” he said.
The City Council is already vowing to fight the spending plan.
And it’s hardly a done deal. The preliminary proposal begins a process of negotiations and hearings with the Council, which will create its own budget. Then the mayor releases an executive budget in April. Finally, a final, balanced budget by law must be hammered out by July 1.
We’ve got the highlights from the start of the budget dance. Read more here.
Some other items of note: - What does the budget include for the NYPD, according to the mayor? For one thing, $452 million to pay for officers’ overtime. But that’s unlikely to come close to covering the tab; in the current fiscal year, the police department is on pace to spend over $820 million.
- The nurses have returned to work. The three-day strike by nurses at Montefiore Medical Center and Mount Sinai Hospital ended yesterday with a tentative agreement for better staffing ratios and wage increases.
- See how New York City’s doing with our newsroom’s economic recovery tracker.
- For the latest local numbers on COVID-19 vaccinations, testing rates and more, check our coronavirus tracker.
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