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AGENCY TESTIMONY
Under-budgeting concerns in various city services
3:59:02
ยท
78 sec
Comptroller Lander highlights significant under-budgeting issues in various areas of the city's financial plan, arguing that these shortfalls will lead to substantial budget gaps in the coming years.
- The Comptroller estimates nearly $4 billion in under-budgeted costs annually from FY '26 through FY '29 for items such as uniformed overtime, rental assistance, special education, and public assistance.
- Lander points out that maintaining service levels for 3K, pre-K, and preschool special education will require an additional $400 million annually.
- He also notes the unfunded mandate to reduce class sizes, which will cost an additional $168 million in FY '26, growing to $1.4 billion by FY '29.
Brad Lander
3:59:02
However, even after accounting for the continued overestimated spending on asylum seekers and adjusting to those higher revenue figures I mentioned, likely revenues remain insufficient to support the chronic under budgeting that continues to be embedded in so many other areas in the ADAMS financial plan.
3:59:21
The plan fails to account for an average of nearly $4,000,000,000 in under budget costs, under budgeted costs in FY '20 '6 through '20 '9 associated with uniformed overtime, rental assistance, special education Carter cases, public assistance, and similar items.
3:59:38
Nearly $400,000,000 in additional annual spending will also be necessary in this budget and the out years if we simply want to maintain service levels for three k, pre k, and preschool special ed, much less expand to cover all kids that need those services.
3:59:55
Additional spending will also be required to implement the state's mandate to reduce class size at an additional cost of a hundred and 68,000,000 in FY '26, growing to 1,400,000,000 by FY '29.
4:00:10
We do also need to be laser focused on safeguarding our budget and safeguarding New Yorkers from the worst impacts of the Trump administration, something mayor Adams has failed to do.