New York State Comptroller Thomas P. DiNapoli released the following statement on New York City Mayor Eric Adams' State of the City address:

“The State of the City address delivered by Mayor Eric Adams put forth his vision for a city that keeps New Yorkers safe and prioritizes the economy, affordable housing and essential services. I commend the mayor's bold plan of action for a city that supports working families.

“Like the state and the nation, the city faces economic and fiscal uncertainty. However, the city has a steeper climb towards economic recovery, as my reports on city industries have shown. The challenges ahead include remote work, unequal employment opportunity and a lack of affordable housing. Wall Street provided a boost in tax revenue in the first two years of the pandemic, but is seeing profitability and bonuses decline, adding further to the city’s budgetary pressures.

“The city’s economic recovery is still fragile and relies on the city and state working together to address these challenges. The mayor identified efficiencies and savings in his budget. Still, more can be done to incorporate recurring costs, including those to help manage the influx of migrants, a fiscal burden that should be carried by the federal government. The city must continue on its path of fiscal discipline to achieve the mayor's vision for a better and fairer New York."

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