1 2 3 4

Pol Position: New York City Budget Breakdown

Late on Monday night, the City Council voted 44-6 for this year’s $101 billion budget.
Several progressive members of the caucus—-including Chi Osé, Tiffany Cabán, Sandy Nurse, Charles Barron and more—-voted against the legislation for either giving too much money to the NYPD or not spending enough on issues such as housing or sanitation.

Education
One of the biggest snafus in this years budget process was the contention between the city council and the mayor’s proposed $215 million cut in education spending. The $215 million in cuts revert to pre-pandemic policies of reallocating resources based off on enrollment. Recent figures show that up to 120,000 students have left the public school system over the last five years.
The cuts come off the heels of new class size legislation from Albany. Critics of the cuts say the decreased funding will make the class size mandate harder to actualize.
Even more progressive members who voted for the budget expressed dismay with the budget cuts.
“But this budget also fell short in serious ways, and we will need to spend the next few months fighting like hell to address its deficiencies on housing and especially education,” Progressive Caucus Co-Chair Lincoln Restler, said in a statement.

Green spaces
The budget prioritizes green and clean spaces in the city, despite Parks not attaining one percent of the budget as Mayor Adams stumped on during the campaign trail.
A total of $44.1 million is in the pipeline for Parks Department maintenance and summer workforce, as well as $3.5 million in funding for organic drop-off sites, $2.6 million for “green thumb” gardens, $2.5 million for forest management, and $2 million for tree stump removal.
An investment in cleaner streets through the restoration of $18.5 million in sanitation cuts will also mean more frequent trash pick-up and cleanings.
“With huge funding increases to the Department of Sanitation and Parks Department, our neighborhoods will be able to breathe a little easier,” Councilwoman Marjorie Velázquez said in a statement.

Police
This year’s budget brings a $5.5 million operating budget for the NYPD, with the Council touting “fiscal responsibility” by curbing the growth of wasteful spending on the criminal justice system.
The budget brings some transparency to the fiscal operations of the NYPD, by establishing 18 new units of appropriation, or the purpose for what funds are doled out to which agency, for the first time in Council history.
The Council also got rid of a proposal that would have increased the headcount at the Department of Correction by 578 positions. Nevertheless, some members of the Council were still upset with “bloated levels” of funding for policing.
“Without moving away from violent, oppressive systems, we are undermining the very investments I am so glad we managed to include in this budget, and ensuring that their potential positive impacts are nowhere near as substantial as they could and should be,” said Councilmember Tiffany Cabán.

Reserves
This year’s budget set a record $8.3 billion in reserve funds—-an important step as financial analysts have warned of a looming recession. Specifically, Mayor Adams said at Friday’s budget announcement that he was adding $750 million to the Rainy Day Fund, $750 million to retired health benefits trust, and $500 million to the general reserve. Adams also increased the labor reserves by $1.25 million, amid upcoming union negotiations and rising inflation.
Comptroller Brad Lander said, in a statement, that while the reserves were a substantial amount they still fell short of his office’s recommended $1.8 billion.
“Going forward, the City should adopt a set formula to guarantee annual deposits and establish rules for withdrawals to guard against devastating cuts in a potential recession, which could be on the horizon sooner than we would hope,” Lander said in a statement.

Stay Connected

Latest News

1 2

Our Newsletter

    Share Today

    Fill the Form for Events, Advertisement or Business Listing