City’s new $112B budget undoes cuts as Adams looks to re-election

Mayor Eric Adams announced a deal on a $112 billion budget with the City Council on Friday, reversing a small but notable fraction of his unpopular cuts as he looks toward a difficult re-election bid next year.The spending plan for Fiscal Year 2025 also makes some new investments at the urging of lawmakers, including $2 billion for housing. City Hall’s willingness to add spending marks a major shift from last year, when Adams’ dire warnings about future-year deficits and the costs of the migrant crisis led him to impose some unusual mid-year cuts across city agencies.“We’re delivering a budget that invests in the future of our city and the working people who live here,” the mayor said at City Hall Friday afternoon, moments after a symbolic handshake with Council Speaker Adrienne Adams. The council pushed successfully to undo $350 million of the $7 billion in cuts the mayor had ordered — including controversial reductions like the $58 million from public libraries that would have ended weekend service, and $53 million from cultural groups like museums and botanic gardens.Early childhood programs like pre-K and 3-K will get $100 million, short of what some advocates had asked for, as the city dips into its own funds to shore up expiring federal money that had helped pay for those programs. Council Speaker Adrienne Adams warned that the city would need help from the state government to sustain that funding in the future.All the restorations total just $350 million, leaving... Continue reading at 'Crains New York'

[ Crains New York | 2024-06-28 21:14:47 UTC ]
News tagged with: #early criticism #last-minute restorations #opposite perspective #reserve meant #$2 billion #andrew rein #rein added #longstanding trend #overtime pay #consistently cost #unusual move #fueled claims #unsuccessful bid #federal aid #migrant crisis #libraries #public libraries

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Brooklyn lawmaker Zellnor Myrie moves to challenge Adams in 2025

Brooklyn State senator Zellnor Myrie is taking steps to challenge Mayor Eric Adams for re-election in 2025, further complicating Adams’ already uncertain hopes for a second term amid sagging approval ratings.Myrie, a 37-year-old progressive, confirmed in a statement on Wednesday that he is... Continue reading at Crains New York

[ Crains New York | 2024-05-08 14:15:56 UTC ]
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Fed rate cuts unlikely thanks spending by rich Americans

As baby boomers have aged, they have accumulated more assets leading to more discretionary spending. Since retiring two years ago, Joan Harris has upped her travel game.Once or twice a year, she visits her two adult children in different states. She’s planning multiple other trips, including to... Continue reading at Fast Company

[ Fast Company | 2024-04-29 13:22:05 UTC ]
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Adams defends Randy Mastro as opposition builds to lawyer’s nomination

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[ Crains New York | 2024-04-23 19:11:11 UTC ]
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London Book Fair: Adam Ridgway Replaces Gareth Rapley

The change of top leadership by the trade show's parent company RX will give London Book Fair its third director in four years. The post London Book Fair: Adam Ridgway Replaces Gareth Rapley appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2024-04-18 23:01:22 UTC ]
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Roald Dahl rewritten by stars including Greg James, Adam Kay and Konnie Huq

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B&N on Manhattan's Upper West Side Files for Union Election

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4 New Books on the Many Faces of New York City

Histories of reluctant mayors, edgy newspapers, and scandalous divorces, plus a book of moving conversations with New Yorkers speaking near-dead languages, remind us of the sheer breadth of stories available in the Five Boroughs. Continue reading at Publishers Weekly

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City Lights Rallies for a Palestinian Poet

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Two novelists have cut ties with PEN over its Mayim Bialik event and Gaza silence.

Two prominent novelists have broken with PEN America over the organization’s decision to platform controversial actor and outspoken ceasefire opponent Mayim Bialik, as well as its relative silence on the unfolding genocide in Gaza (which so far has claimed the lives of at least 120 writers,... Continue reading at Literrary Hub

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Amazon's Audible is laying off 5% of its workforce, marking another round of job cuts in tech

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The Memories of Streets: A Reading List of NYC Books That Capture the City’s Many Sides

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Green City Books Grows in the Pacific Northwest

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Tensions surface at Somos about Israel, Brooklyn politics and Adams investigation

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How Iowa City, Hub of Literature, Became a Landmark for Cinephiles

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[ Literrary Hub | 2023-09-29 08:25:20 UTC ]
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