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NYC. Recognizing Adams Administration’s Successful Fiscal Management, Leading Independent, Credit Rating Agencies Affirm New York City’s Strong Financial Standing

NEW YORK – New York City Mayor Eric Adams today highlighted recent affirmations of the city’s bond ratings based upon strong fiscal management by four internationally-recognized, independent credit rating agencies — Moody’s Investors Service, S&P Global Ratings, Fitch Ratings, and Kroll Bond Rating Agency (KBRA). Maintaining a strong bond rating is an indication of the city’s…

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Emergency Executive Order

NYC Mayor Announces Two-Year Suspension for Professional Engineer Following Investigation Into December 2023 Bronx Building Collapse

 – New York City Mayor Eric Adams and New York City Department of Buildings (DOB) Commissioner Jimmy Oddo today announced the signing of an agreement with professional engineer Richard Koenigsberg related to his negligence in inspecting and identifying structural elements of a building located at 1915 Billingsley Terrace, leading up to a partial collapse that…

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NYC Mayor Announces Cancellation Of Next Round Of Agency Spending Cuts As A Result Of Strong Fiscal Management, Additional Cuts To Asylum Seeker Spending, Better-Than-Expected Economic Performance

– New York City Mayor Eric Adams today announced the cancellation of the Fiscal Year (FY) 2025 Executive Budget Program to Eliminate the Gap (PEG) for city agencies — a direct result of decisive actions early on by the Adams administration to stabilize the budget through continued strong fiscal management, better-than-expected economic performance in 2023 that…

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“Biden Administration Announces Sweeping Student Debt Relief: President Acts Ahead of Schedule, Cancelling Loans for Over 150,000 Borrowers”

… President Biden announced the approval of $1.2 billion in student debt cancellation for almost 153,000 borrowers currently enrolled in the Saving on a Valuable Education (SAVE) repayment plan. The Biden-Harris Administration has now approved nearly $138 billion in student debt cancellation for almost 3.9 million borrowers through more than two dozen executive actions. The…

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Mayor Adams’ Statement on Supreme Court Decision on Rent Stabilization Laws

New York City Mayor Eric Adams today released the following statement after the United States Supreme Court issued a decision on New York’s rent stabilization laws: “We are pleased that the U.S. Supreme Court has denied the remaining petitions challenging New York’s rent stabilization laws. For 50 years, rent stabilization has kept rents affordable for…

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