Your guide to NYC's public proceedings.
AGENCY TESTIMONY
Federal funding risks and potential impact on city services
0:22:38
·
89 sec
Director Jiha highlights the significant risks posed by potential federal funding cuts and changes to grant requirements, emphasizing the city's limited ability to backfill federal funding.
- Review of federal grants to ensure compliance with recent executive orders
- New grant certification requirements related to immigration and diversity policies
- Active monitoring and litigation efforts by the city to address grant cancellations and new requirements
- Warning against relying on budget reserves to temporarily support services affected by federal cuts
Jacques Jiha
0:22:38
We also face risks related to funding cuts at the federal level and changes to grant requirements.
0:22:46
In addition, the trade policy announced in early April and the subsequent impact on financial markets pose a potential threat to the city's economy as well as its tax base.
0:23:00
The federal administration is reviewing grants to ensure that they comply with the president's recent executive orders and has terminated funding for some entities.
0:23:11
Additionally, several federal agencies have added grant certification requirements designed to force conformity with revised immigration and diversity, equity, and inclusion policies.
0:23:25
Our office in coordination with the law department is closely monitoring grant cancellations and new grant requirements, and the city is actively engaged in litigation where appropriate, often in conjunction with other localities.
0:23:42
But at the end of the day, we may have to make very difficult decisions about the extent of our ongoing reliance on federal funding to support critical city services.
0:23:53
Some may be tempted to apply budget reserves, but this fund would only provide temporary support.
0:24:03
Once these reserves are used, they are
Kevin C. Riley
0:24:06
gone.
0:24:07
The