Mayor Releases FY2015 Budget

NEW YORK CITY—Mayor Bill de Blasio Thursday presented New York City’s executive budget for fiscal year 2015. Among the focal points of the $74 billion budget are an education program that could benefit the real estate industry, the recently announced affordable housing plan, capital expenditures, safety measures, fines and Hurricane Sandy recovery.

The executive budget invests $20 million in FY 2015—growing to $50 million in later years—to expand programs to help thousands of CUNY community college students more quickly earn their degrees in science, technology, engineering, and mathematics. with additional tuition support, counseling, and even tutoring where needed. These initiatives will impact nearly 5,000 students in the first year of this