NYC Council Approves Bills to Study Slavery Reparations

Legislation includes creating a Truth, Healing, and Reconciliation Commission and a reparations task force.

The New York City Council passed two bills to establish a Truth, Healing, and Reconciliation Commission and a reparations task force.
These measures aim to address the legacy and impact of slavery and racial injustices in New York City.
The task force will study the city's role in slavery and propose remedies, including potential reparations.
A sign marking Wall Street as the site of the city's first slave market will be installed as part of the legislation.
The financial impact analysis estimates the cost of these studies at $2.5 million.