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Protesters march in Manhattan in support of NYPD budget cuts and defunding the police, on June 29. Photo: Erik McGregor/LightRocket via Getty Images

The New York City Council agreed late Tuesday to reallocate $1 billion from the NYPD operating budget as part of the city's police reform efforts driven by nationwide Black Lives Matter protests.

The big picture: For the 2020 fiscal year, the city spent $10.9 billion on its police department — the largest and most expensive police force in the country, per the nonpartisan Citizens Budget Commission.

Details: Most of the money would be diverted to youth and social services, community summer programs and education, the mayor's office said. The biggest proposed cut would trim $352 million from uniformed and civilian officer overtime.

Yes, but: The NYPD budget trim puts school safety officers under the authority of the Department of Education, which the New York Times calls "a budgetary sleight of hand."

Between the lines: The proposed cuts to the police budget are part of an $88.1 billion spending plan. The city is grappling with a $9 billion shortfall from the shutdown to curb the spread of the coronavirus.

  • Other measures include curtailed municipal services and a hiring freeze, including the July police cadet class but not the fall police hires.
  • To meet the budget's commitment of $1 billion in labor savings, de Blasio "has for the first time had to draw down on financial reserves," per the Times.
  • The mayor confirmed on Tuesday a $65 million cut from a program that subsidizes the cost of mass transit for low-income residents, the Times notes.

Other police reform efforts in the city, made in response to the killing of George Floyd and protests against police violence, include:

  • NYPD commissioner Dermot Shea announced on June 15 the NYPD would disband its plainclothes anti-crime unit.
  • New York Gov. Andrew Cuomo (D) said June 13 that police must work with communities to enact reforms by April 1, 2021, to be eligible for state funds.
  • Cuomo on June 12 signed an executive order on the reforms, along with legislation to ban police use of chokeholds and to repeal a decades-old law that sealed records of alleged officer misconduct from the public.
  • The New York City Council voted on June 18 to require the NYPD to disclose what forms of surveillance technology officers use, and to report what rules are in place to protect personal data collected by officers, CNET reports.

Go deeper: The cities that are already defunding the police

Editor's note: This piece has been updated to note that the NYPD budget changes include reallocating school safety officers to the Education Department and that the NYC Council approved the budget late Tuesday.

Go deeper

JPMorgan commits $30 billion to fight the racial wealth gap


Data: Fortune 500, Axios analysis of company statements, get the data; Chart: Andrew Witherspoon, Naema Ahmed/Axios

JPMorgan Chase announced Thursday a $30 billion investment over the next five years that the company says will address some of the largest drivers of the massive wealth gap between Black and white Americans.

  • The commitment makes the bank by far the largest monetary contributor to efforts by businesses to fight systemic inequality and racism in the U.S.
59 mins ago - Politics & Policy

Stalemate over filibuster freezes Congress

Illustration: Sarah Grillo/Axios

Senate Majority Leader Chuck Schumer and Mitch McConnell's inability to quickly strike a deal on a power-sharing agreement in the new 50-50 Congress is slowing down everything from the confirmation of President Biden's nominees to Donald Trump's impeachment trial.

Why it matters: Whatever final stance Schumer takes on the stalemate, which largely comes down to Democrats wanting to use the legislative filibuster as leverage over Republicans, will be a signal of the level of hardball we should expect Democrats to play with Republicans in the new Senate.

Dave Lawler, author of World
1 hour ago - World

Biden opts for five-year extension of New START nuclear treaty with Russia

Putin at a military parade. Photo: Valya Egorshin/NurPhoto via Getty

President Biden will seek a five-year extension of the New START nuclear arms control pact with Russia before it expires on Feb. 5, senior officials told the Washington Post.

Why it matters: The 2010 treaty is the last remaining constraint on the arsenals of the world's two nuclear superpowers, limiting the number of deployed nuclear warheads and the bombers, missiles and submarines which can deliver them.