Mayor Adams ‘excellent news’ price range draft offers the Massive Apple hope

Mayor Adams ‘excellent news’ price range draft offers the Massive Apple hope

Opinion

editorial

Mayor Adams’ preliminary price range for fiscal 12 months 2025 is surprisingly sunny — however the clouds might simply roll in once more.

Excellent news: The $109 billion spending plan spares key companies from earlier proposed cuts and reduces estimates of the migrant disaster’ influence on metropolis funds.

Additionally serving to: higher-than-expected tax collections and Gov. Hochul’s surprising plan to ship the town one other $1.8 billion in migrant help.

So the mayor has restored an NYPD academy class, five-man FDNY engine firms, rubbish pickups, Sunday library hours and summer time college funding — plus some increase to training, mountain climbing funding to public constitution colleges from $33 million in FY25 to $729 million by FY 2027.

But Residents Funds Fee chief Andrew Rein rightly warns {that a} “massive fiscal cliff” nonetheless looms until the town higher controls additional time spending and “explicitly ends” many recurring packages that lack future funding.

To sum up: Months of cautious chopping have allowed the mayor to share excellent news now, however he’ll seemingly want to drag out the ax once more quickly sufficient.

It’s actually an enchancment over the feckless spend-it-all angle of the de Blasio years, however let’s hope Adams can transfer past the famine-then-feast dynamic to a steadier groove.




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