Your guide to NYC's public proceedings.
REMARKS
The vital role of cultural institutions in New York City
2:06:20
ยท
85 sec
Council Member Rivera emphasizes the significance of cultural institutions and arts organizations to New York City. She highlights their economic impact and their role in defining the city's identity and supporting communities.
- Arts and culture sector generates $22 billion annually with a 99-to-1 return on city investment
- Cultural institutions drive tourism, create jobs, and define NYC's global identity
- They provide accessible programming, uplift diverse voices, and embody commitment to freedom of expression
Carlina Rivera
2:06:20
But as we discuss the numbers today, let's be clear, this budget is about more than just figures on a page.
2:06:26
It is about protecting and strengthening one of New York City's greatest assets, our cultural institutions and arts organizations.
2:06:36
At the urging of the council, the administration added $45,000,000 in additional funding at adoption of the fiscal twenty twenty five budget.
2:06:46
This funding provided much needed support to both the cultural institution group and cultural development fund CDF recipients.
2:06:56
The council is disappointed that the funding is not included in fiscal twenty twenty six in the preliminary plan.
2:07:02
It is imperative that this funding be baseline to meet the needs of the cultural community.
2:07:08
New York's arts and culture sector is an economic powerhouse, generating $22,000,000,000 annually and providing an extraordinary 99 to one return on city investment.
2:07:21
Theaters, museums, and performance spaces don't just inspire us, though that's so important.
2:07:29
They drive tourism, they create jobs, and they define our global identity.
2:07:35
They are community lifelines that provide accessible programming, uplift diverse voices, and embody our commitment to the freedom of expression.