New York City Mayor Eric Adams on Tuesday said New York City Public Schools Chancellor David Banks will step down on at the end of the year.
Adams said he was "immensely grateful and proud of the work accomplished" in the city's public schools under Banks, according to a press release.
"In less than three years, our city’s public schools have transformed — from ensuring schools were safe and open coming out of the pandemic to a space that has increased our students’ reading scores, math scores and graduation rates," the mayor said.
Banks said he made the decision to retire on Dec. 31, 2024, after 40 years of working in the public school system.
"I grew up in our public schools and spent most of my adult life serving the students and families of our city, and I have every confidence that the work we’ve started will continue to thrive and benefit generations to come," he said.
The retirement announcement comes at a time when the Adams administration is under much scrutiny from the federal government. Earlier this month, Chancellor Banks' home, which he shares with his partner First Deputy Mayor Sheena Wright, was raided by FBI agents. The officials also raided the home of Deputy Mayor for Public Safety Philip Banks, the chancellor's brother.
Terence Banks, the chancellor's other brother and a private consultant, is also involved in a federal corruption probe.
