Mayor Bill de Blasio on Monday released a $98.6 billion executive budget proposal for the 2022 fiscal year, relying on new federal funds to massively increase spending aimed at spurring the city’s recovery from the coronavirus pandemic.
The mayor’s “recovery budget” invests deeply in New Yorkers, he said at his budget presentation from City Hall, with resources going towards fair student funding, summer youth programs, early childhood education, job creation, gun violence prevention, mental health services, nonprofit community groups, small businesses, and more.
The executive budget reflects a $6.3 billion increase in spending compared with the mayor’s preliminary budget proposal released in January, when the administration was uncertain about the level of federal stimulus that would be delivered by the federal government and prepared for the worst-case scenario. But the $1.9 trillion American Rescue Plan Act approved by President Biden and the Democratic Congress in Ma
De Blasio Promises A Huge Comeback For NYC With Final Executive Budget
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De Blasio strikes hopeful tone with $99B budget update
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