- February 9, 2022
- Posted by: Bastion team
- Category: World News
February 9, 2022
NEW YORK – New York City Mayor Eric Adams today provided testimony to both the New York State Senate Finance and Assembly Ways and Means Committees, focusing on several key initiatives aimed at making New York City safer and more prosperous. These include substantial investments in an enhanced Earned Income Tax Credit, a new childcare tax credit, and investments in mental health resources. Key components of Mayor Adams’ testimony include:
On mental health resources:
It is urgent that we request the state’s immediate assistance in expanding the number of beds for those in critical need of mental health care, and funding for the medical and support staff they require.
Too many of our fellow New Yorkers are cycled through temporary care and released before they are ready, often due to the limited availability of long-term support and housing.
On Earned Income Tax Credit:
The second major step of my plan is to increase the Earned Income Tax Credit. It has been nearly 20 years since the City and State of New York increased the Earned Income Tax Credit benefit that has helped so many low- to moderate-income families.
That is why I’m asking the state to authorize the city to boost the amount the city gives back to recipients of the Earned Income Tax Credit, up to 30 percent of the federal benefit depending on income.
In addition, I am calling on the state to match our efforts by increasing the amount it gives back to recipients…