Top Performers and Underperformers of the Week
Mayor Eric Adams has declared "budget week" in New York City, marking the start of a contentious period for the city's financial planning. On Thursday, Mayor Adams presented his executive budget, which he dubbed the "best budget ever."
The budget presentation took place in the auditorium of Mayor Adams' high school alma mater, but was met with a sparsely-attended crowd. The event had a campaign-style nature, reminiscent of Adams' political rallies.
The budget process for this year is expected to be filled with drama and politics, as three high-profile officials - Mayor Eric Adams, City Council Speaker Adrienne Adams, and Comptroller Brad Lander - are all running for mayor at the same time.
City Council Speaker Adrienne Adams had tepid praise for Mayor Eric Adams' executive budget, while Comptroller Lander continues to criticize Adams' cut-and-refund budgeting tactics. Despite the criticism, the budget is being discussed in the city's political sphere.
New York state is still weeks behind on finalizing its own budget deal, adding an extra layer of complexity to the city's budget process. The opponent of Mayor Eric Adams in the current New York City mayoral election is Zohran Mamdani, who won the Democratic primary and will run against Adams (running as an independent) and the Republican candidate Curtis Sliwa in the November 4, 2025 election.
As the budget week unfolds, New Yorkers will be closely watching the developments and debates surrounding the city's financial future. The stakes are high, and the drama promises to be intense. Stay tuned for updates.
