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The Budget Director also serves ex officio on various boards, including the New York City Municipal Water Authority, which issues bonds for the capital plan of the NYC Department of Environmental Protection, [9] the New York City Transitional Finance Authority, and TSASC, Inc., a local development corporation whose debt is secured by tobacco ...
The mayor's office administers all city services, public property, police and fire protection, most public agencies, and enforces all city and state laws within New York City. The budget, overseen by New York City Mayor's Office of Management and Budget, is the largest municipal budget in the United States, totaling $100.7 billion in fiscal ...
[15] [16] The agency was empowered to monitor and report on all aspects of the New York City Department of Education, and state lawmakers accordingly increased IBO's allocation to 12.5 percent of the Mayor's budget office. Since then IBO has published reports on student outcomes, the demographics of schools proposed for closing, school progress ...
New York's budget outlook for 2024 has gotten less dire with new estimates cutting the expected deficit by more than half to $4.3 billion. What the latest New York 2024 budget numbers tell us ...
New York state lawmakers are on the verge of passing a $237 billion budget that includes sweeping plans to build housing, shutter unlicensed cannabis storefronts and help manage the city's migrant ...
Adams planned to make two additional 5% cuts across city agencies next year, in January and in the spring.
The 2025 New York City mayoral election will be held on November 4, 2025, to elect the mayor of New York City. Incumbent Democratic mayor Eric Adams is running for re-election to a second term in office. He was indicted on federal corruption charges in September 2024 and has faced calls to resign from office.
The mayor is directly elected by popular vote for a four-year term. The mayor is also responsible for creating the city's budget through the New York City Mayor's Office of Management and Budget, submitted for approval, not drafting, to the Council.