What’s News, Breaking: Wednesday, April 26, 2023
MAYOR RELEASES LARGEST EXECUTIVE BUDGET
IN NYC HISTORY
CITYWIDE — Mayor Eric Adams on Wednesday released the Executive Budget For Fiscal Year 2024, considered the largest in the city’s history. The 2024 Budget protects critical programs for working New Yorkers and offers good news for libraries and other cultural institutions by not cutting funds. The budget also includes strategic investments that improve New Yorkers’ quality of life, including investments that create sustainability and resiliency programs, strengthen the city’s mental health resources, build out the college-to-career pipeline and uplift working people.
The city’s absorption of more than 57,000 asylum seekers prompted Mayor Adams to implement a Program to Eliminate the Gap (PEG) in the Executive Budget to reduce costs and promote efficiency. The city anticipates that the cost of providing shelter, food, clothing and other services for asylum seekers will be $4.3 billion through the end of FY24.