QUESTION
What is causing the decrease in the Department for the Aging's capital plan?
1:25:56
·
104 sec
Commissioner Lorraine Cortes-Vazquez explains the decrease in the Department for the Aging's capital plan is due to citywide budget constraints and the need for redistribution and reduction of capital plans.
- The decrease is attributed to citywide redistribution and reduction of capital plans.
- Budget constraints and the necessity to fund other mandated items in the near term are cited as reasons.
- The issue is not specific to the Department for the Aging but affects various city agencies.
- Cortes-Vazquez provides the context of reliance on other city agencies to implement the Department for the Aging's capital plan.
Crystal Hudson
1:25:56
NYC Aging's preliminary capital commitment plan for fiscal years 2024 to through 20 28 decreased by 10% when compared to the adopted capital commitment plan.
1:26:08
The adopted capital plan was $80,300,000, which has dropped to $72,300,000 as of the preliminary a capital plan.
1:26:16
What is causing the decrease in the capital plan?
Lorraine Cortes-Vazquez
1:26:19
I have I have that answer for you.
1:26:21
No problem.
1:26:22
Amplified it.
1:26:24
Where is it showing?
1:26:32
Because we went over the capital plan again.
1:26:36
And then I'm gonna shit I'm gonna share the Brooklyn example.
1:26:39
Right?
1:26:40
No.
1:26:40
No.
1:26:41
Alright.
1:26:47
As you know, we don't we don't I mean, we have a capital plan, but we are also dependent on other agencies to implement our capital plan.
1:26:56
There had to be a this has been citywide.
1:27:00
There had to be a redistribution.
1:27:03
And reduction of capital plans to some of the city's overall constraints.
1:27:10
And the need to to fund other mandated items in the near term and that was the impact that the reduction of our capital plan.
1:27:21
So I think it's a broader issue.
1:27:24
It's not just an NYCA aging issue on capital plans.
Crystal Hudson
1:27:27
Okay.
1:27:28
So I'm sorry.
1:27:30
What specifically are you attributing the decrease in the capital plan to?
Lorraine Cortes-Vazquez
1:27:34
Just the redistribution and reduction the constraints of the overall budget of the city.