Mayor Eric Adams delivers address on $99.7B NYC budget

Mayor Eric Adams is delivering his first Executive Budget address at the Kings Theatre in Brooklyn — unveiling a record $99.7 billion fiscal year 2023 spending plan that takes effect July 1 and speaking about his first 100 days in office.

The speech comes after the mayor in February unveiled a $98.5 billion preliminary budget.

As previously announced, the spending plan will include more than $170 million for homeless services; more than $900 million over the next five years on expanding bike lanes and other street-safety upgrades; more than $2 million to help an anticipated influx of Ukrainian refugees; $1.3 million a year for a curbside bag collection bin program; and a reduction in the city’s massive vehicle fleet by at least 4%, saving about $14 million.

The City Council, meanwhile, is considering a inserting significant cut of the local hotel tax into the budget.

The address is set to take place on Tuesday afternoon.
Paul Martinka
The theater is prepared for Adams' speech.
The theater is prepared for Adams’ speech.
Paul Martinka

The Democratic-majority legislative body also has requested the mayor allocate $43.2 million for youth programs; $14.1 million to hire social workers and guidance counselors at New York City public schools; $3 million for mental health care for to New Yorkers in 33 neighborhoods most affected by the COVID-19 pandemic; $10.3 million for technical training and apprenticeship programs for youth; and $12 million for specialists to teach English language learners.

The mayor’s preliminary budget released in February included a slight shrinkage of already massive city spending by $200 million that he claimed will result in more than $2 billion in savings. It also proposed trimming the NYPD budget by nearly $30 million, to about $5.41 billion, and cut the Department of Education’s budget by more than $826 million, or 2.6 percent, to about $30.7 billion.