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AGENCY TESTIMONY
Statistics on city contracts and importance of human services sector
0:29:41
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27 sec
Kim Yu presents key statistics highlighting the scale of New York City's contracting and the critical role of the human services sector. These figures underscore the importance of efficient and timely procurement processes.
- In fiscal year 2024, New York City awarded over $34 billion in contracts for goods, services, and construction.
- Human services accounted for 58% of this total, amounting to nearly $20 billion.
- Yu emphasizes that the human services sector is the cornerstone of the city's procurement system and vital to the city's well-being.
Kim Yu
0:29:41
In fiscal year twenty twenty four, the city of New York awarded over $34,000,000,000 in city contracts for goods, services, and construction.
0:29:51
Of that 34,000,000,000, human services accounted for 58% at nearly $20,000,000,000.
0:29:57
The numbers make it clear that our human services sector continues to be the cornerstone of the city's procurement system and their partnership is instrumental to the vitality of this city and its people.