Labor Unions, Community Leaders, Non-Profit Groups, Libraries, Cultural Enthusiasts, and Affordable Housing Supporters Praise Handshake Agreement Between Mayor Adams and Speaker Adams on FY25 Adopted Budget
Our Bureau
New York, NY
Following the handshake agreement between New York City Mayor Eric Adams and New York City Council Speaker Adrienne Adams, leaders from across labor, business, advocacy, arts and culture, housing, faith, and more joined together in applauding the on-time, balanced, and fiscally-responsible $112.4 billion Adopted Budget for Fiscal Year (FY) 2025 agreed to by the Adams administration and City Council this week.
“Through our joint prioritization and strong fiscal management, we are proud to announce a $112.4 billion budget that invests in the future of our city,” said First Deputy Mayor Sheena Wright. “This budget not only addresses critical needs, but also delivers major investments in housing, early childhood education, libraries, cultural institutions, parks, and more — making New York City more livable for all New Yorkers. Budgets reflect values, and I am proud that our budget reflects the administration’s core value of putting hardworking New Yorkers first.”
“Team Eric Adams and Team Adrienne Adams know what it means to deliver for working people, and this budget does just that,” said Chief Advisor to the Mayor Chaplain Dr. Ingrid P. Lewis-Martin. “Our investments in public safety, in libraries — which I call the equalizer, in our young people, in our cultural institutions, for the pillars on which we stand — our senior citizens, and in housing is demonstrative of why New York is the greatest city in the world. We’re proud to work alongside our colleagues in the City Council to pass an on-time budget for three consecutive years. We are proud to get stuff done for New Yorkers.”
“Since the beginning of our administration, we have acted to support every individual, child, and family that calls New York City home,” said Deputy Mayor for Health Human Services Anne Williams-Isom. “This budget delivers on that overarching vision with investments in housing, early childhood education, and a range of programs across health and human services. Ultimately, we are ensuring that individuals and families have access to the support they need to give them the best chance to thrive in the months and years to come.
Once again, the Adams administration is showing up for our cultural community with a historic investment that will put people to work, deliver extraordinary cultural programs in every corner of our city, and make New York a safer, stronger, more vibrant place for all of us,” said Department of Cultural Affairs Commissioner (DCLA) Laurie Cumbo. “I want to give a shout out to the advocates, artists, cultural workers, and others who showed up at hearings, rallies, and other engagements to make the case for culture to their fellow New Yorkers. We know that culture inspires individuals, strengthens communities, and drives the economy. Now, with another record city investment in this important sector, we in local government are ready to continue partnering with our remarkable cultural community to continue delivering these benefits to residents in all five boroughs.”
“An additional two billion dollars isn’t an abstract number — it is a decisive and deliberate investment in confronting the housing crisis our agency works to tackle every day,” said New York City Department of Housing Preservation and Development Commissioner Adolfo Carrion Jr. “The mayor’s commitment marks yet another important step towards giving us the resources for more affordable housing units and the city’s collective efforts to create enough new homes so that every New Yorker will have access to a safe, accessible place. We are grateful to Mayor Adams for his leadership and appreciate all our partners, in and out of government, who work with us to make New York a more equitable city.”
“Today marks a tremendous win for affordable housing in our city,” said New York City Housing Authority (NYCHA) Chief Executive Officer Lisa Bova-Hiatt. “As the largest public housing authority in North America, NYCHA understands firsthand the significant challenges posed by the current housing crisis. Our mission continues to be to use every tool at our disposal, such as PACT and the NYCHA Trust, to not only provide NYCHA residents with decent and affordable homes but to improve the quality of their lives considerably. We thank Mayor Adams and his administration for their ongoing commitment to affordable housing in New York City and their continued prioritization of NYCHA residents, as evidenced by this incredible allocation.”
“On behalf of the audience members we reach, the artists we present, and the students of all ages who take part in our education programs, I want to thank Mayor Adams and the City Council for recognizing the importance of New York City’s cultural sector to the economic and social health of the city,” said Taryn Sacramone, executive director, Queens Theatre. “Thank you to Deputy Mayor Maria Torres-Springer and DCLA Commissioner Laurie Cumbo. Thank you as well to the City Council’s unwavering champions of culture: Speaker Adrienne Adams, New York City Councilmember Carlina Rivera, New York City Councilmember Justin Brannan, and their colleagues.”
