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David Banks says it was Mayor Eric Adams’ decision to move up retirement timeline [Video]

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Personal Finance

NEW YORK CITY (WABC) — Amid City Hall turmoil, there was another bombshell announcement as New York City Schools Chancellor David Banks is stepping down earlier than originally announced.

It comes as Gov. Kathy Hochul is putting pressure on Mayor Eric Adams to clean house as she holds his fate as mayor in her hands.

Banks now plans to leave his post on October 16 and said in a statement Thursday that it was the mayor’s decision for him to retire in two weeks.

Last week, Banks announced plans to step down, retiring after 40 years of service. His departure was initially expected to take place at the end of the calendar year.

Melissa Aviles-Ramos, who was announced as the incoming schools chancellor, will take over as the leader of the nation’s largest school system.

“I was ready, willing and able to stay in my post until December 31st to conduct a responsible transition for our staff, the mayor has decided to …

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