Lee on EDC's $60.5M FY27 budget and key investments

The Economic Development Corporation's proposed FY27 budget of $60.5 million represents less than 0.1% of the administration's proposed FY27 budget.

So we're going to be monitoring the student loan marketplace.

So we're going to be monitoring the student loan marketplace.

So we're going to be monitoring the student loan marketplace.

In the executive plan, although EDC manages a large portfolio of assets on behalf of the city which generate revenue not captured in the funding passed through the Department of Small Business Services.

So we're going to be monitoring the student loan marketplace.

So we're going to be monitoring the student loan marketplace.

So we're going to be monitoring the student loan marketplace.

So we're going to be monitoring the student loan marketplace.

And this is an increase of $29.9 million or 97.9% from the $30.6 million originally budgeted in the FY27 preliminary plan.

So we're going to be monitoring the student loan marketplace.

So we're going to be monitoring the student loan marketplace.

So we're going to be monitoring the student loan marketplace.

So we're going to be monitoring the student loan marketplace.

This increase results from several actions but is driven primarily by the addition of $20 million for the city-backed insurance program and the rollover of $7.1 million for the Cannabis Impact Fund.

So we're going to be monitoring the student loan marketplace.

So we're going to be monitoring the student loan marketplace.

So we're going to be monitoring the student loan marketplace.

As one of the primary drivers of economic growth in our city, now is a critical time for EDC to ensure that we are maximizing return from programs that generate tax revenue

So we're going to be monitoring the student loan marketplace.

So we're going to be monitoring the student loan marketplace.

So we're going to be monitoring the student loan marketplace.

So we're going to be monitoring the student loan marketplace.

so that we are able to provide the many critical services that our agencies undertake and that we are developing initiatives to help address the affordability crisis New Yorkers are facing.

So we're going to be monitoring the student loan marketplace.

So we're going to be monitoring the student loan marketplace.

So we're going to be monitoring the student loan marketplace.

I commend the

administration on the inclusion of the city-backed insurance program as we have long heard from affordable housing developers and advocates about the barrier that rising insurance costs have created on developing more and maintaining existing affordable housing developments.

So we're going to be monitoring the student loan marketplace.

So we're going to be monitoring the student loan marketplace.

So we're going to be monitoring the student loan marketplace.

So we're going to be monitoring the student loan marketplace.

So we're going to be monitoring the student loan marketplace.

We are excited to hear more about the vision of this program and how the funding included in this plan will play into the mayor's broader housing plan.

So we're going to be monitoring the student loan marketplace.

So we're going to be monitoring the student loan marketplace.

So we're going to be monitoring the student loan marketplace.

And now I want to turn it over to Speaker Menon for her opening remarks.

So we're going to be monitoring the student loan marketplace.

So we're going to be monitoring the student loan marketplace.