2010-2020 Mayor's Office Websites: on Budget & Economy


Eric Adams: Save $1.5B by instituting two year hiring freeze

We will save $1.5B and avoid layoffs by simply not hiring anyone new for two years. We can significantly reduce labor costs by $1.5 billion through attrition by not replacing retiring or resigning essential City workers and working with the State to offer early retirements to others over the next two years. This will also allow us to significantly cut costs while retaining the workers we need to deliver vital City services.
Source: 2021 NYC Mayoral campaign website EricAdams2021.com Jul 7, 2021

Eric Adams: Use incentives to attract life science business to NYC

Make NYC the life sciences capital of the world. Life sciences is one of the fastest-growing industries in the world--and these companies want to locate in cities where they will have access to leading hospitals, universities and investors like New York City. To bring them here, we will double-down on the existing life sciences initiative with incentives and zoning changes that will draw in private investment and federal dollars for research.
Source: 2021 NYC Mayoral campaign website EricAdams2021.com Jul 7, 2021

Shaun Donovan: Invest in diversity, equity, inclusion; build neighborhoods

Source: Mayoral campaign website ShaunForNYC.com Mar 30, 2021

Andrew Yang: Subsidize rent for resident artists in buildings

We propose creating a Deputy Mayor of Entertainment, Nightlife and Culture. The Deputy Mayor will focus on rebuilding these essential industries to recover from the pandemic while also building a "more fun" future for New York. Now, more than ever, we must invest city resources in efforts that will help bring struggling nightlife establishments back to life and support the creation of new businesses.

New York City is home to some of the most famed and celebrated cultural institutions, but we cannot forget about our local artists who create artwork through all mediums right here in New York. That is why our administration will partner with larger institutions to help subsidize rent for resident artists in buildings. These up-and-coming creators deserve a place to cultivate their craft and the city has a role to play in supporting their dreams.

Source: Mayoral campaign website YangForNY.com Mar 25, 2021

Andrew Yang: Create the People's Bank of New York City

A Yang administration will launch the newly created People's Bank of New York City, initially funded with a $100 million loan from New York City. The People's Bank has two objectives: (1) ensure every New Yorker can access basic financial products and services, like checking accounts, and has the opportunity to save money affordably, build credit, and secure small business loans; and (2) Support small business lending in underserved communities by guaranteeing loans and loan portfolios.
Source: Mayoral campaign website YangForNY.com Mar 25, 2021

Annise Parker: Close $205M budget gap by cuts & fee increases

My number one priority as your mayor is fiscal responsibility. Achieving this during a tight economy requires a willingness to make tough decisions.

When I arrived in the mayor's office, the city was facing a $205 million gap between anticipated spending and available revenues. The economy had pushed down our revenue pool while expenditures were rising due to contractual obligations for health insurance, pensions and employee pay agreed to prior to my arrival. Through a combination of operational consolidations, expenditure reductions, personnel cutbacks, sales of surplus land, cost of service increases and employee furloughs, we have been able to close that gap.

Source: Mayoral website, www.houstontx.gov Dec 12, 2011

Antonio Villaraigosa: Cut city spending to balance budget; keep essentials

The Proposed Budget for FY2011-12 solves the $457 million General Fund deficit by instituting deep and permanent cuts to City spending while providing the necessary resources for essential City services including public safety, library operations, and street preservation and maintenance.
Source: City of Los Angeles Mayoral website, "Budget" Dec 12, 2011

Jerry Sanders: Cut city payroll; increase city agency efficiency

Source: City of San Diego Mayoral website, "Budget" Dec 1, 2011

Cory Booker: Performance-based budgeting with no tax increases