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AGENCY TESTIMONY

Financial challenges and efforts to prioritize older adult services

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Commissioner Cortés-Vázquez addresses the financial challenges faced by DFTA and the efforts made to prioritize older adult services despite these difficulties. She emphasizes the department's commitment to maintaining core aging services while navigating budget constraints.

Previous fiscal years have been financially challenging for the city and DFTA.
DFTA has worked to prioritize the needs of older adults and core aging services while limiting the impacts of financial challenges.
There are no mandatory savings exercises in the FY2025 executive budget.
The department is monitoring potential impacts of changes in federal administration and funding formulas.
DFTA continues to advocate for improved per capita funding and fair share funding from state and federal partners.

Lorraine Cortés-Vázquez

0:09:24

These numbers tell only a portion of the story behind the services included in NYC aging and show the human side of the work we do to make New York City fully age inclusive.

0:09:38

Previous fiscal years have been challenging for the city financially.

0:09:42

And NYC Aging has worked to ensure that we are prioritizing the needs of older adults and our core aging services while limiting the impacts of these challenges like the various PEGS, the programs to eliminate the gap.

0:09:57

We are pleased to see that under the FY '25 executive budget there are no mandatory savings exercise.

0:10:07

And previous pegs were implemented without negatively affecting services to older adults.

0:10:13

Nonetheless, we are keenly aware of the change in the federal administration and the need for improved per capita funding formula to increase state dollars that could result in fair share funding for New York City which has led to confusion in many funding sources, especially federal grants.

0:10:32

These are ongoing issues that we monitor day to day and continue to assess their potential impact on aging services.

0:10:41

We continue to advocate to our state and federal partners to share the financial responsibility of serving older New Yorkers, I mean older adults living in the city.

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Budget allocations for key DFTA programs and services

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BOOM Conference and DFTA's national leadership in aging issues