New York City Council Adopts $112.4 Billion Spending Plan for Fiscal Year 2025

The New York City Council has approved a $112.4 billion spending plan for the fiscal year 2025 in a 46-3 vote. The dissenting votes came from three Democratic socialist representatives, Tiffany Caban, Shahana Hanif, and Alexa Aviles. Mayor Eric Adams, who negotiated the deal with Council leadership, commended the action as a testament to the administration’s mission of protecting public safety, rebuilding the economy, and improving livability in the city.

The new budget, which runs from July 1, 2024, to June 30, 2025, increases spending by $1 billion compared to the mayor’s executive budget plan. It includes an additional $2 billion in capital construction spending to preserve and build affordable housing, as well as funding restoration for libraries, museums, cultural institutions, and student support programs like summer rising.

Mayor Adams and Council Speaker Adrienne Adams discussed plans to overhaul pre-k and 3-k programs to ensure classroom seats are allocated based on parental demand in different areas of the city. Despite facing costs associated with the migrant crisis and the phase-out of federal pandemic aid, the mayor stated that a fiscally responsible budget was approved to address the most pressing needs of New Yorkers, including housing, childcare, and healthcare.

Brooklyn Councilman Justin Brannan, the finance committee chairman, emphasized the importance of investments in the city’s future, stating that reports of New York City’s demise have been exaggerated.

The three dissenting democratic socialists expressed concerns that the budget allocated too much money to the police and not enough to social services for the needy and education. Tiffany Caban, representing Astoria, stated that her constituents did not elect her to be a rubber stamp on another Mayor Adams budget. Shahana Hanif criticized Mayor Adams for prioritizing NYPD projects that she believes do not contribute to real community safety.

The NYC chapter of the Democratic Socialists of America announced its intention to find a candidate to challenge Mayor Adams in the upcoming reelection next year, advocating for a fully-funded future for New York City that prioritizes the working class.

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