Adams spoke at the historic Kings Theater in Brooklyn and also unveiled a $99.7 billion balanced executive budget that he says combines investments with fiscally responsible measures, including $6.3 billion in fiscal reserves. dollars, the highest level in the city’s history.
“We are still in a time of deep concern, but the spirit of New York and the people who call it home will always live on,” Adams said. “As we look to the future, our administration will build on the accomplishments of our first 100 days and continue to ‘do things’ for everyday New Yorkers. The bold agenda we present will address the overlapping crises in the city with upstream investments focused on a safer, healthier and more prosperous future for all of us. We are ready to begin a hopeful new chapter in New York’s history, and we we’ll do it together.
Adams said public safety and justice are prerequisites for prosperity and must go hand in hand, and he highlighted the January rollout of his “Blueprint to End Gun Violence.” The following month, he released the “Subway Safety Plan,” a multi-agency effort in partnership with the state to address public safety concerns and connect the homeless and those struggling with serious mental illness. with the supports they need.
As part of the city’s efforts to address the current gun violence crisis, the NYPD in March began deploying Neighborhood Safety Teams to areas that account for 80% of all shootings citywide. Overall, the NYPD has removed nearly 2,300 firearms from the streets since Adams took office.
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Adams announced additional resources for the subway safety plan on Tuesday, including $55 million to expand the Division’s Behavioral Health Emergency Response initiative, which deploys mental health professionals instead. law enforcement to respond in some cases to people in mental health crisis.
It also plans to propose $171 million to add 1,400 new shelters and stabilization beds by mid-2023 to help transition homeless New Yorkers off the streets and subways into more stable housing.
PROMOTING AN EQUITABLE RECOVERY
More than two years after the first case of COVID-19 was identified in New York, the city continues to face an uneven recovery.
Adams said he is committed to building an equitable and inclusive recovery for all New Yorkers, one that directly addresses long-standing inequalities that have been exacerbated by the pandemic.
Several weeks ago, he joined elected officials and community leaders in celebrating the improved earned income tax credit in the state budget, fulfilling his campaign promise to strengthen the safety net. social security and expand services to working families in New York.
He said more than 800,000 families will benefit from the increase, supported in part by a $250 million annual commitment from the city. And last month, the mayor unveiled his “Renew, Rebuild, Reinvent: A Blueprint for New York City’s Economic Recovery,” which offers 70 initiatives to revitalize the city’s economy and get New Yorkers back to work.
A key recommendation put forward in the report called for doubling investment in the booming life sciences industry. To that end, Adams announced a new partnership with Taconic and DivcoWest, as well as New York University, to bring new space to 455 First Avenue that will support cutting-edge research, entrepreneurial training programs and development. of the work force.
The city is also working to bring a new space online in central Alexandria, completing the last of three life sciences towers that have anchored the industry for more than a decade. Together, these two projects will nearly double the lab space in Manhattan’s Kips Bay neighborhood, helping to make it a major hub for New York’s life sciences industry.
Additionally, the administration is committing $140 million in investment funds for the Hunts Point Produce Market, which supplies 25% of the city’s fresh produce.
The funding will help improve the facility’s surrounding infrastructure and neighborhood parks.
Adams also announced $5 million in FY23 to help CUNY train students in the most in-demand skills and connect them to good jobs at companies that are hiring, including high-growth industries like the life sciences, green economy, technology and advanced manufacturing.
LIFTING OUR YOUTH
Adams touted the state’s historic investments in child care in the last state budget, and in addition to committing $4 billion to expand affordable child care for New- Yorkers, new state-authorized municipal tax incentives will spur the creation of up to 17,000 new child care centres. headquarters in New York.
To ensure child care is affordable and accessible for working families in New York, Adams announced that new rates will take effect in June that will significantly reduce the fees eligible families currently pay for child care. subsidized care.
He said his administration is also committed to reducing the bureaucratic hurdles families face when seeking child care, announcing that the first major application of his “MyCity” platform proposal will be a single, unified application process for all subsidized child care options offered by the city. .
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The city’s children of all ages have been significantly impacted by the disruptions resulting from COVID-19, and as New York City students continue to battle learning loss from the pandemic, Adams is committing $101 million to the summer activities of 10,000 K- 12 students in the Summer Rising program, which offers practical learning and enrichment summer courses to strengthen students’ academic, social and emotional skills.
This investment brings the number of slots funded by the New York City Department of Youth and Community Development to 110,000, for a total program capacity of 210,000 slots.
Adams also unveiled a $7.4 million investment to fund new dyslexia screening sites and literacy programs, and $33 million for the New York City Department of Education to launch new career path programs starting in September, focused on high-growth sectors like healthcare and technology.
INVESTING IN INFRASTRUCTURE
Earlier this week, Adams announced an investment of $904 million over five years to advance the goals set out in the “NYC Streets Plan” and rapidly build critical road safety and public transportation infrastructure.
Adams also announced that the city is making its largest-ever housing commitment, with $5 billion in capital funding to promote the creation and preservation of affordable housing.
This includes investing in the New York City Housing Authority’s Permanent Affordability Commitment Together program, as well as funding major repairs to Gowanus Houses and Wyckoff Gardens housing that Adams has championed as borough president. from Brooklyn.
Adams’ executive budget also provides $488 million in capital funding for park improvement projects, including planting 20,000 trees a year in coming years to reduce heat vulnerability in the citywide, improving and adding new greenways in Brooklyn and Queens, and rehabilitating critical infrastructure, including swimming pools.
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