The City Council said it has found an additional $6 billion in newly identified city dollars to undo many of Mayor Eric Adams’ spending cuts and make new investments in affordable housing construction and education.Lawmakers on Monday released their official response to the mayor’s $109 billion budget proposal for the coming 2025 fiscal year, saying they will push to undo some of the $7 billion in spending cuts that the mayor has imposed since last year. The money comes from the $3 billion in greater tax revenues that the council projects through next year compared to the mayor’s office, as well as $2 billion in likely underspending on vacant positions and $550 million of in-year reserves.“We have consistently said that the budget cuts made by the administration were far too broad and have negative impacts on our constituents and the stability of our city,” said Council Speaker Adrienne Adams at a Monday press conference. Finance chair Justin Brannan added that lawmakers would fight to undo “all of the previously proposed cuts — and then some.”About $1 billion would be left over as surplus under the council plan. The document will serve as lawmakers’ guiding light as they begin budget talks with the Adams administration ahead of a June 30 deadline to pass a spending plan.The council’s priorities will include undoing the $58 million in cuts to the city’s public library system, which leaders say will end weekend service and delay renovations unless the money is restored in... Continue reading at 'Crains New York'
[ Crains New York | 2024-04-01 17:27:55 UTC ]
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The City Council said it has found an additional $6 billion in newly identified city dollars to undo many of Mayor Eric Adams’ spending cuts and make new investments in affordable housing construction and education.Lawmakers on Monday released their official response to the mayor’s $109 billion... Continue reading at Crains New York
[ Crains New York | 2024-04-01 17:27:55 UTC ]
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New York City’s improving fiscal situation seemed to foretell an easier path to passing the coming year’s budget, but the City Council and Mayor Eric Adams still disagree on key issues with days left before the deadline to reach a deal.The council’s push to reverse cuts to cultural institutions,... Continue reading at Crains New York
[ Crains New York | 2024-06-21 17:26:40 UTC ]
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The American Booksellers Association has filed a motion with the Federal Trade Commission seeking to fix a hole in the FTC’s antitrust complaint against Amazon that many in the industry agree needs correcting: that it did not specifically include what Amazon’s practices have done to book... Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-04-29 04:00:00 UTC ]
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Mayor Eric Adams announced a revised $111.6 billion budget plan on Wednesday that avoids new spending cuts and increases estimates of the city’s tax haul, reflecting his administration’s increasingly sunny view of New York’s finances. But the proposal rebuffs the City Council’s request to undo... Continue reading at Crains New York
[ Crains New York | 2024-04-24 16:53:57 UTC ]
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The deal reverses proposed cuts to libraries despite financial strains on the city Continue reading at Crains New York
[ Crains New York | 2023-06-29 16:45:41 UTC ]
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The Build America’s Libraries Act was introduced in the House of Representatives this week by Reps. Andy Levin (D-MI) and Don Young (R-AK) and would provide $5 billion to address decades of needed repairs, updates, as well as the construction of modern library facilities in underserved and... Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-03-05 05:00:00 UTC ]
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The American Booksellers Association is asking its membership to vote to add two additional members to the organization's board, bringing to the total to 13, and approve new bylaws that would ensure four board members would be BIPOC booksellers. Continue reading at Publishers Weekly
[ Publishers Weekly | 2020-07-08 04:00:00 UTC ]
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Three of West Hollywood’s five City Council members on Tuesday called for Mayor John Duran to resign amid allegations that he sexually harassed fellow members of the Gay Men’s Chorus of Los Angeles. In similar statements posted to their individual Facebook pages, Lindsey Horvath, Lauren Meister... Continue reading at Los Angeles Times
[ Los Angeles Times | 2019-02-13 00:00:00 UTC ]
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In addition to adding $1.28 billion in revenue from its August purchase of the grocery chain, online sales at Amazon rose 22% in the third quarter over the comparable period a year ago. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-10-26 00:00:00 UTC ]
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An annual study of institutional libraries' budget forecasts shows participating libraries in the Middle East and Africa forecasting the largest increases; Europe the only region forecasting a (slight) decrease. The post International Institutional Library Budgets Forecast to Increase 1.4... Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2016-06-02 00:00:00 UTC ]
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The Media Rating Council has issued interim guidance on what it takes for ads on mobile devices to be considered "viewable" and introduced a new category of mobile ad between "viewable" and "not."Advertisers and web publishers use viewability standards to determine whether ads that were served... Continue reading at Advertising Age
[ Advertising Age | 2015-05-05 00:00:00 UTC ]
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A strong holiday shopping season, an improved fulfillment operation, and cost cuts including an estimated 27,000 layoffs resulted in a $30 billion profit for Amazon in 2023 following a loss of $2.7 billion in 2022. Continue reading at Publishers Weekly
[ Publishers Weekly | 2024-02-02 05:00:00 UTC ]
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Facebook said it expects a fine of up to $5 billion from the Federal Trade Commission, which is investigating whether the social network violated its users' privacy. The company set aside $3 billion in its quarterly earnings reportWednesday as a contingency against the possible penalty but... Continue reading at Baltimore Sun
[ Baltimore Sun | 2019-04-25 02:15:00 UTC ]
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Days after Facebook announced that its users watched videos 8 billion times a day, Snapchat told the Financial Times on Sunday that its smaller set of users opened videos 6 billion times a day. See the most-read stories this hour >> The statistics reveal fast growth: Since the spring,... Continue reading at Los Angeles Times
[ Los Angeles Times | 2015-11-10 00:00:00 UTC ]
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Britain's Publishers Association chief, Dan Conway, welcomes 'this historic budget' albeit with concern for the National Insurance hike. The post Creative Industries: The New UK Government’s First Budget appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2024-10-30 23:25:05 UTC ]
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It’s a slower October than usual in the tech industry, thanks mostly to Google and Microsoft having held their typical fall hardware announcements earlier this year. Still, we’ve seen a fair number of companies reveal new devices in the last two weeks, while Amazon’s October Prime Day raged on.... Continue reading at Engadget
[ Engadget | 2024-10-20 14:00:33 UTC ]
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A look at China’s book market data shows signs of post-pandemic recovery, as well as new trends in book sales channels. The post China’s Publishing Industry Seeks New Growth Amid Recovery appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2024-10-08 00:27:24 UTC ]
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Betsy Lerner has spent decades in the publishing industry. Writing her first novel, “Shred Sisters,” unlocked a completely new side to her creativity. Continue reading at The New York Times
[ The New York Times | 2024-10-01 19:20:03 UTC ]
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Is it Andrew Cuomo’s time to shine?The former governor, who resigned in disgrace in 2021, is strongly considering a run for mayor, now that Eric Adams has been indicted. If Adams resigns, a special election will be triggered, and many think Cuomo is sure to enter it. This might be his best... Continue reading at Crains New York
[ Crains New York | 2024-10-01 16:45:16 UTC ]
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Tim Pearson, a powerful aide to Mayor Eric Adams who was embroiled in multiple scandals during a tumultuous tenure in City Hall, announced his resignation late Monday.Pearson, a former colleague of the mayor’s in the police department, wielded significant power over the NYPD and contracts... Continue reading at Crains New York
[ Crains New York | 2024-10-01 15:09:19 UTC ]
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