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AMERICANNewsline

12 MAY 09, 2025

Mayor Adams Releases “Best Budget Ever,” 2026

Executive Budget makes Investments in Quality of Life

$1.4 Billion to Protect Critical Programs Previously Facing Spending Cliffs, Maintaining Funding
to CUNY, Cultural Institutions, Libraries, Education Programs, Sanitation, and Social Services

OUR BUREAU
NEW YORK, NY
ew York City Mayor Eric Ad-
ams has released the “Best
NBudget Ever” — the balanced,
$115.1 billion Fiscal Year (FY) 2026
Executive Budget that makes new in-
vestments safer, more affordable city
that is the best place to raise a family.
Through strong fiscal management,
the Adams administration has, once
again, set the table for strategic invest-
ments that protect funding for critical
services, invests in public safety by allo-
cating funding for key criminal justice
reform programs, and puts the New
York City Police Department (NYPD)
on track to reach a uniformed head-
count of up to 35,000 officers by the fall
of 2026. Additionally, this budget in-
creases affordability, cleans city streets
and parks, builds more affordable
housing, fulfills massive generation- comes our way. And, with the city’s job opportunities annually for young tion has successfully advocated for
al projects, and expands educational largest 10-year capital plan at $173 people. To get more NYPD officers the first expansion of the Earned
opportunities like early childhood ed- billion, we are delivering on infra- on city streets, Mayor Adams recent- Income Tax Credit, which put over
ucation and universal after-school for structure improvements and trans- ly announced that, combined with ex- $345 million back in the pockets of
New York City’s children and their formative generational projects that panded eligibility requirements, the hard-working New Yorkers and their
families, among other initiatives, all were talked about for decades but administration is putting the NYPD families. The FY 2026 Executive
while maintaining record-high re- never achieved. This is the budget my on a path to having 35,000 officers by Budget builds on these achievements
serves and ensuring a strong fiscal mom needed, that my family needed, the fall of 2026. by making key investments that make
future for the City of New York. and, with it, we’re saying to working Following several back-to- New York City more affordable for

“Today, I am proud to present our families: your city has your back.” back years of shattering affordable working-class people, including:
Fiscal Year 2026 Executive Budget: Since taking office, the Adams housing records, Mayor Adams an- The city’s strong economy — no-
Our ‘Best Budget Ever,’” said Mayor administration has invested in saf- nounced new investments to create tably in job creation and tourism —
Adams. “This budget is a testament er streets and communities. As part more homes, connect more New reflects the Adams administration’s
to our commitment to making New of this work, the city has launched a Yorkers to homes, and keep more strong fiscal management and la-
York City safer, more affordable, and $500 million blueprint to keep com- New Yorkers in the homes they ser-focus on policies that keep New
the best place to raise a family. From munities safe from gun violence, have. This builds on the Adams ad- York City a safe and clean place to
prioritizing access to child care and surged police officers into the sub- ministration’s successful housing live, work, and raise a family. Tax
launching ‘After-School for All’ to ways multiple times to help reduce record, which led the effort to pass revenue is expected to increase by
investing in permanent funding for crime in the transit system, released Mayor Adams’ historic “City of Yes nearly 8 percent in FY 2025, driv-
libraries, CUNY, and our world-class plans to crack down on auto thefts for Housing Opportunity” plan, the en by growth in income and busi-
institutions that make New York City and combat retail thefts, hired ad- most pro-housing proposal in New ness taxes, though, as the economy
what it is, to tackling quality-of-life is- ditional mental health clinicians to York City history that will create slows, growth is forecast to decline
sues and making our streets safer, the support people with untreated se- 80,000 new homes over the next 15 to around 1 percent in FY 2026. This
$1.4 billion we’re investing to pro- vere mental illness and announced years. Through the administration’s results in an upward revision over the
tect and lift up critical programs will plans to pilot new technology in the neighborhood rezonings and City of FY 2026 Preliminary Budget of $1.7
make lives better for families across subways, expanded the “Saturday Yes, the city is projected to create 30 billion in FY 2025 and $1 billion in
all five boroughs. We are doing all of Night Lights” youth program to keep percent more units of housing in less FY 2026, and puts the city forecast
this while maintaining record-high young people safe and engaged, and than four years than in the previous on-par with fiscal monitors and the
reserves to help us face anything that supported a record 100,000 summer 20 years combined. The administra- New York City Council.

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