April 17, 2020
CCC Summary of Actions Taken in NYC FY 2021 Executive Budget
On April 16, 2020, Mayor de Blasio released his $89.3 billion Executive Budget for City Fiscal Year 2021, which begins July 1, 2020 and runs through June 30, 2021.
The City’s Executive Budget was released amid unprecedented challenges facing our city and our state due to COVID-19. We appreciate the actions taken by Mayor de Blasio to prioritize the health, safety, and food access of all New Yorkers during this crisis, all while confronting a $6 billion budget deficit and a projected $7.4 billion loss in tax revenue. This deficit is addressed through a combination of City reserve funds, as well as $2 billion in reductions in FY21. In spite of this deficit, the Mayor has committed to spending over $3.5 billion to support COVID-19-related expenses, as well as approximately $800 million to cover cost-shifts from the state in areas of public health, child welfare, and education.
Proposed reductions in the Executive Budget include over $470 million in cuts to the Department of Education’s (DOE) budget in FY21, with the largest single cut coming to the Fair Student Funding Formula, the funding stream that comprises the majority of individual school budgets.
In addition, the Executive Budget rolls back arts, health education, and college access
Additionally, the State’s decision to cut reimbursement for NYC’s Article 6 public health
The Executive budget adds new funding for initiatives that impact children and families,
We recognize the enormous challenge facing the City in light of COVID -19 pandemic and the economic downturn, as well as due to inadequate investments from the State and the federal government. We stand ready to support the City in advocating with State and Federal leaders to ensure New York City and our families and communities receive the supports so desperately needed. Those families hardest hit by COVID-19 are the same families that will suffer the most from cuts to city programs. We look forward to working with the Mayor and City Council to strengthen the educational, youth, housing, health and behavioral health services that will be the foundation for recovery.