“Budgets are not just a collection of numbers, they are not just an accounting document,” said New York City Mayor Bill de Blasio when he revealed his FY 2015 budget last week. “They reflect fundamental values.” A municipal budget, to trot out an old chestnut, is the way a society writ large votes with its dollars.
So we should be optimistic about de Blasio’s $74 billion plan, which, as New York Magazine explains, espouses “his consistent priorities: education, housing, the homeless, and raises for municipal workers, all in service of combating income inequality.” The Times editorial board stodgily declares that “there is a lot to like in what Mr. de Blasio is proposing.” And Brent Budowsky of The Hill writes (under a headline non-ironically anointing the mayor as the “FDR of New York”), “[The budget] will be a standard for progressive experimentation and execution in the same way Roosevelt created a New Deal for America that not only survives today but also includes many brilliantly successful and popular policies, such as Social Security.” New York–area members of Congress are eagerly praising the budget, too.
Among the budget’s highlights is a $41 billion allocation, over the next ten years, to build or preserve 200,000 units of affordable housing. De Blasio says that this—”the largest, fastest” affordable-housing program ever attempted on a local level—will create around 194,000 construction jobs and 7,000 permanent jobs. The New York City Housing Authority will receive $70 million for repairs and security upgrades. An additional $14.4 million will go toward providing shelter for both homeless families and single homeless adults. Says Denise Miranda of the Urban Justice Center, “De Blasio ensures that no New Yorkers will have to choose between living in a mold-infested NYCHA apartment or being homeless.” (That any New Yorker ever did, of course, is a sad example of the city’s prior commitment to affordable housing.) And $17.75 billion will be used for settling outstanding contracts with the city’s labor unions. (In today’s antilabor climate, the fact that “union” isn’t a bad word in the de Blasio administration is a very big deal.)