$99.7B NYC Budget Proposed by Mayor Adams Focuses on Safety, Jobs, Schools, and Housing

The proposed $99.7 billion New York City budget revealed by Mayor Adams on Tuesday, April 26, 2022, aims to boost jobs and public safety. The “plan marks the first post-pandemic budget for the city that will not have the help of billions of federal stimulus aid,” as the city’s economic recovery from COVID-19 continues to trail the Nation’s. The latest proposed budget that is pending approval by the City Council would “achieve savings of about $400 million over the next two fiscal years and would add $200 million to the city’s rainy-day fund, bringing reserves to $6.3 billion” according to statements by Adams.

Source:    https://www.crainsnewyork.com/politics/behind-numbers-new-york-citys-new-budget