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New York Metropolis must be a spot the place everybody can develop, construct a life, elevate a household in the event that they select, and reside with dignity – within the metropolis all of us love, no matter your identification, zip code, or earnings. For generations, New York Metropolis has been the place the place desires are made doable, and we’re dedicated to making sure that this stays true for all New Yorkers. A current examine from the City Institute highlights the challenges posed by the excessive price of residing throughout the nation, nevertheless it additionally serves as a reminder of the essential work we’re doing to deal with these points head-on.
We imagine it must be simpler for all New Yorkers to thrive, and we’re targeted on making that imaginative and prescient a actuality.
Our administration is dedicated to making sure that New York stays a vibrant place for everybody to develop. Authorities can and should play a task in fulfilling the promise and activating the infinite potential inside our metropolis. Since day one, our administration has labored to make use of the complete energy of presidency to ship on affordability in each nook of the 5 boroughs and construct a greater metropolis. We’ve got remained laser targeted on confronting two of the best price drivers for New Yorkers: housing and childcare –proposing daring, once-in-a-generation plan to ship instant help and long-term sustainable options.
For many years, we now have fueled a housing disaster by refusing to construct the critically wanted reasonably priced housing that’s important to our metropolis. Our administration believes we are able to construct our method out of this disaster by saying sure. Sure to extra housing on our blocks, in our neighborhoods, and all through each group with our Metropolis of Sure rezoning proposal. Probably the most pro-housing plan in metropolis historical past, Metropolis of Sure goals to construct as much as 108,500 new items of housing in 15 years. For childcare, we now have labored hand-in-hand with our companions within the Metropolis Council to take a position $100 million in childcare and decreasing the price of backed childcare from $55 to $5 every week. These are actual investments and insurance policies which have an actual influence on bringing down the price of residing in our metropolis.
However we all know we should proceed pushing ahead, and we’re dedicated to going even additional. In 2022, greater than 80 p.c of voters known as for a True Price of Dwelling measure, an instrument that may assist us higher perceive what it takes for New Yorkers to reside with financial dignity. We’re excited to be engaged on this groundbreaking measure, which is able to transfer us past a easy poverty threshold and supply a extra correct image of the actual prices of residing in our metropolis. This measure shall be a strong device to assist us refine our insurance policies and proceed advocating for New Yorkers on the state and federal degree.
Our metropolis’s energy lies in its individuals – the hardworking people and households who’ve constructed New York Metropolis into the dynamic, various place it’s at present.They need to know their metropolis is working to make sure they will afford to reside, work and luxuriate in all the pieces this nice metropolis has to supply.
As discussions on advancing financial safety decide up steam on the nationwide degree, we reaffirm our dedication to prioritize affordability in our metropolis and we’re proud that this has remained our focus with historic investments made in a number of areas essential to financial safety, together with: recovering the lack of non-public sector jobs, including practically 300,000 new jobs; eliminating $2 billion in medical debt for half 1,000,000 individuals; investing $741 million in Price of Dwelling Adjustment (COLA) for the non-profit workforce; and establishing the first-ever minimal pay fee for supply app staff. We additionally invested $20 million to develop truthful fares, serving to working households get across the metropolis extra affordably.
That is just the start. The City Institute’s True Price of Financial Safety examine and different measures will assist inform our work to set a brand new normal in New York Metropolis as we transfer in direction of creating our personal True Price of Dwelling — one which higher displays the true price of residing right here and ensures that every one residents can construct a life with financial safety, dignity and freedom.
That is the best metropolis on earth, and collectively, we’re dedicated to creating it essentially the most reasonably priced metropolis, too.
