Tag: Mayor Eric Adams

NYC panel could hike rents for stabilized tenants 6.5% in Monday vote

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Jun. 17, 2024 By Ethan Stark-Miller A New York City board will vote Monday night on how much to raise rents this year for the Big Apple’s approximately 1 million stabilized tenants — a hike that could reach as high as 6.5%. The nine-member panel, known as the Rent Guidelines Board, will hold its…

Op-ed | The fiscal year 2025 Executive Budget gets stuff done for working-class New Yorkers

Mayor Adams in sunglasses speaking at rally

Apr. 30, 2024 By Mayor Eric Adams

For over two years, cities across the country have struggled to respond to the aftereffects of the COVID-19 pandemic. In New York City, slowing tax revenue growth combined with low office occupancy rates, and the expiration of temporary federal stimulus dollars have put a strain on our city’s budget.