In a recent press conference, New York City Mayor Eric Adams defended his proposed fiscal year 2026 budget of $115.1 billion, which includes key investments in education and social services. However, he faced criticism for not addressing potential federal funding cuts due to the current administrationâs policies. Comptroller Brad Lander labeled the budget unrealistic given economic challenges. Adams challenged Lander's remarks, highlighting missed funding from state-level cuts and underscoring the city's strong credit rating, asserting that NYC has adequate financial resources despite fears over reduced tourism revenue.
"I'd rather listen to the bond ratings [agencies] than those who are running around just shooting from the hip... they probably never even took an economics class before."
"Why are Brad and other elected officials quiet on the fact that we didn't get a billion dollars from Albany?"
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