New York City’s budget should make huge investments in the working families throughout the five boroughs to help rebuild a post-pandemic city, Mayor Bill de Blasio said Monday.
During his April 26 press conference, the mayor went over his vision for a recovery budget, which is $98.6 billion in total for the Fiscal Year 2022. The budget aims to radically invest in working families in an effort to drive economic growth in New York City.
The mayor credits the federal stimulus as well as the city’s vaccination campaign for kick-starting New York City to recovery. As a result, the city has seen a growth of 100,000 jobs between December 2020 and March 2021, and expects to gain another 400,000, marking a total of 4.5 million jobs by the end of 2021.
