Comptroller Lander Provides Testimony to the City Council on FY 2025 Preliminary Budget

New York, NY – Today, New York City Comptroller Brad Lander testified to the City Council about the short- and long-term outlooks for the City’s economy and finances and released a report on the Adams administration’s preliminary budget for Fiscal Year 2025. The report includes the Comptroller’s Office’s economic forecast and analysis of budgetary risks facing the City of New York and can be found here.

“Our short-term decisions must not short-change the city’s future,” said Comptroller Brad Lander. “Rather than the Mayor obfuscating with quite a few twists, turns, and two-steps of the budget dance all by himself, the City’s fiscal health would be better served by fewer wildly swinging cost estimates for asylum seekers services while implementing clear efficiencies with incentives for agencies to achieve structural and long-term savings. The City must have sound management and make strategic investments in order to face the outyear fiscal gaps, confront the affordability crisis, and ensure strong economic growth in the years ahead.”

Last week, Lander’s office released The Bottom Lines, an analysis on the Adams administration’s preliminary budget for Fiscal Year 2025, which identifies areas where short-sighted programmatic cuts and longer-term agency budget and staffing reductions have resulted in measurable declines in critical service to New Yorkers. The report also highlights areas where the City can better manage budgeting and spending, including uniformed overtime, crash claims and Carter cases. More information on the report is available here.

Comptroller Lander’s testimony to the City Council is available here and the hearing can be viewed online here.

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