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Eric Adams: “The 2026 budget is also leaning into what we can do for…”

Featuring: Eric Adams, Democratic | Mayor of New York

New York City Initiative on Student Loan Forgiveness with Mayor Eric Adams and Commissioner Mayuga

Published May 5, 2025 | Video Starts at 05:53

To many of the investments in our public safety as we ensure that the city remains the safest big city in America. The 2026 budget is also leaning into what we can do for public service. Another part of the commissioner's story is about having to sacrifice from doing your calling of helping everyday New Yorkers to ensuring you have the adequate resources to provide for your family. (05:53–06:01)

CLAIM

Asserts that the 2026 budget focuses on public service improvements.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Eric Adams

“We are launching programs to help wipe out $360 million of student loan debt for more than 100,000 city employees.”
New York City Initiative on Student Loan Forgiveness with Mayor Eric Adams and Commissioner Mayuga | Uploaded May 5, 2025 | 07:31-07:42
“We have placed $30 billion back in the pockets of everyday working class people.”
New York City Initiative on Student Loan Forgiveness with Mayor Eric Adams and Commissioner Mayuga | Uploaded May 5, 2025 | 09:53-10:00
“We're beginning to wipe out $2 billion in medical debt for working class people.”
New York City Initiative on Student Loan Forgiveness with Mayor Eric Adams and Commissioner Mayuga | Uploaded May 5, 2025 | 10:21-10:27
“No city income tax for anyone who's making 150% of poverty line or level or lower.”
New York City Initiative on Student Loan Forgiveness with Mayor Eric Adams and Commissioner Mayuga | Uploaded May 5, 2025 | 10:41-10:49
“Budget week is going to be extended because they're just real wins for working class people in the city of New York.”
New York City Initiative on Student Loan Forgiveness with Mayor Eric Adams and Commissioner Mayuga | Uploaded May 5, 2025 | 05:24-05:33
“From hundreds of millions of dollars for universal after school programming so parents don't have to choose between earning a paycheck and…”
New York City Initiative on Student Loan Forgiveness with Mayor Eric Adams and Commissioner Mayuga | Uploaded May 5, 2025 | 05:34-05:44
“We ensure that the city remains the safest big city in America.”
New York City Initiative on Student Loan Forgiveness with Mayor Eric Adams and Commissioner Mayuga | Uploaded May 5, 2025 | 05:49-05:54
“The federal government's Public Service Loan Forgiveness program forgives government employees student loan debt after 10 years of service.”
New York City Initiative on Student Loan Forgiveness with Mayor Eric Adams and Commissioner Mayuga | Uploaded May 5, 2025 | 07:48-07:57
“Thousands of city employees can get their debt wiped out and they do not even know it.”
New York City Initiative on Student Loan Forgiveness with Mayor Eric Adams and Commissioner Mayuga | Uploaded May 5, 2025 | 08:16-08:23
“We are partnered with leading student loan forgiveness service, the organization called Summer.”
New York City Initiative on Student Loan Forgiveness with Mayor Eric Adams and Commissioner Mayuga | Uploaded May 5, 2025 | 08:35-08:41
“City employees at the Administration for Children's Services, the Department of Social Services and NYCHA are now eligible as part of the…”
New York City Initiative on Student Loan Forgiveness with Mayor Eric Adams and Commissioner Mayuga | Uploaded May 5, 2025 | 08:52-09:03
“This year we're fighting Albany to do the acts, the tax for the working class.”
New York City Initiative on Student Loan Forgiveness with Mayor Eric Adams and Commissioner Mayuga | Uploaded May 5, 2025 | 10:33-10:39
“5, 582 filers will benefit from this and we'll put $63 million back into the pockets of working class low income New Yorkers.”
New York City Initiative on Student Loan Forgiveness with Mayor Eric Adams and Commissioner Mayuga | Uploaded May 5, 2025 | 10:53-11:04
“We've been proud to support CUNY restoring $96 million of savings last week.”
New York City Initiative on Student Loan Forgiveness with Mayor Eric Adams and Commissioner Mayuga | Uploaded May 5, 2025 | 11:34-11:41
“30 million more dollars in programs like ACE that provide counseling, textbooks and transportation.”
New York City Initiative on Student Loan Forgiveness with Mayor Eric Adams and Commissioner Mayuga | Uploaded May 5, 2025 | 11:46-11:55
“Four years in a row. Three years in a row, and this is the fourth. We'll land a plane.”
New York City Initiative on Student Loan Forgiveness with Mayor Eric Adams and Commissioner Mayuga | Uploaded May 5, 2025 | 18:59-19:04