New York City Mayor Eric Adams unveiled his preliminary budget for FY2023 on Wednesday. According to the city, it’s $2 billion lower than expected and adds $6 billion to the city’s budget reserves. 

The budget includes the expansion of the New York City Earned Income Tax Credit, funding for the Fair Fares program and health screenings, home visits and referral services for first time mothers in the neighborhoods hit hardest by COVID-19.

Fiscal discipline will be a hallmark of my administration,” said Adams during the announcement. “As I have said before, we will be radically practical. Our approach to problem solving will involve common sense and real-world solutions that achieve tangible results for the people of New York City.

“Success will be measured by how much we accomplish, not how much we spend.”

The $98.5 billion budget includes closing FY23’s $2.9 billion budget gap while simultaneously “investing in the future” and putting money back in the hands of New Yorkers. For young New Yorkers it comes through with baseline funding for 100,000 city summer jobs via the Summer Youth Employment Program. Something that got the approval of New York City Comptroller Jumaane Williams. 

“The Summer Youth Employment Program is a critical investment in public safety and a foundational part of combating gun violence at its root and uplifting young people and their communities,” said Williams in a statement. “Data shows that the No. 1 way to cut violent crime arrests among young people is a job, and today’s commitment will have a long term positive impact on the lives of the youth who apply and on their communities.”

In a statement, New York State Comptroller Thomas DiNapoli said he was pleased with what he saw, but “My office will release a comprehensive analysis of the budget and financial plan in the coming weeks.”

But the budget’s biggest emphasis was on public safety and the issue of crime stuck in the faces of New Yorkers. Under the budget, Adams would redeploy officers to subways and trains, create what the city calls “Neighborhood Safety Teams” and anti-gun groups.

The former cop responded to cries of more police from some with an olive branch.

“You can’t have hundreds of officers doing clerical duties when shootings are up,” said the mayor. “We’re going to redeploy our manpower.”

“This successful management of our resources will allow us to invest in our most valuable resource: our people,” stated Adams. “We will invest in all New Yorkers—prioritizing equity, safety, and justice.”

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