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, public libraries, parks and childcare are the chief remaining obstacles as negotiations continue ahead of the June 30 due date for the Fiscal Year 2025 plan. Council Speaker Adrienne Adams said Thursday that talks were “in a holding pattern,” while Mayor Adams used his own aerial metaphor earlier this week, insisting that “We're going to land the plane.”By Friday, there had been progress: a council member involved in negotiations told Crain’s that the Adams administration has agreed to restore $48 million for cultural institutions, just shy of the $53 million lawmakers are asking for. All told, the council wants to restore some $1.6 billion of the roughly $7 billion in spending cuts that Adams imposed starting last year.“We’ve always maintained that there’s enough money there to restore all of these blunt cuts and save for a rainy day,” Council Finance Chair Justin Brannan said in an interview on Thursday. Council leaders have staged a series of rallies in recent days to raise pressure on the Adams administration, including an event for cultural institutions outside City Hall on Friday.Housing is another key issue in budget talks. Advocates have warned that affordable housing... Continue reading at 'Crains New York'
[ Crains New York | 2024-06-21 17:26:40 UTC ]
Amazon Publishing, which launched a general-interest book publishing operation in New York two and a half years ago, is losing its top executive here.Seattle-based Amazon announced Friday that the head of its general-interest publishing division, Larry Kirshbaum, would leave the company Jan. 17... Continue reading at Crains New York
[ Crains New York | 2013-10-26 00:00:00 UTC ]
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Written By: Barbara Casassus Publication Date: Wed, 16/03/2011 - 09:03 The new-look Paris Book Fair will open on Friday [18th March] for four days as five of the leading French publishers ponder the raids by the European Commission competition officials a fortnight ago. Hachette Livre, Bayard... Continue reading at The Bookseller
[ The Bookseller | 2011-03-16 00:00:00 UTC ]
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