NEW YORK (PIX11) – New York City Mayor Eric Adams ended his reelection campaign on Sunday, he announced in a video on X.

“Despite all we’ve achieved, I cannot continue my reelection campaign,” Adams said. “The constant media speculation about my future and the Campaign Finance Board’s decision to withhold millions of dollars have undermined my ability to raise the funds needed for a serious campaign.”

In recent weeks, rumors swirled of Adams dropping out of the race after he was reportedly in talks for a position with the Trump administration. He stated in a Sept. 5 news conference at Gracie Mansion that he was committed to staying in the race, saying, “I am the only one who can beat Mamdani,” before Sunday.

In an earlier interview with PIX11’s Dan Mannarino, Adams said he had met with several political figures in Florida but denied reports that he was offered a position in the Department of Housing and Urban Development.

A recent exclusive poll from PIX11 News, Emerson College Polling and The Hill showed that 7% of New Yorkers said they would reelect Adams, while 43% said they would vote for the Democratic nominee and Queens Assemblymember Mamdani. Another 28% said they would vote for former New York Gov. Andrew Cuomo and 10% for Republican nominee Curtis Sliwa.

“I hope that over time, New Yorkers will see the city thrive under our leadership; the policies we put in place should be continued and expanded. I hope that you will see, despite the headlines and innuendo, I always put you before me,” Adams said in the X video.

Adams is expected to continue to serve as New York City’s mayor until the end of the year. He said he plans to continue public service after his time in office is over.

“Too often, insidious forces use local government to advance divisive agendas, with little regard for how it hurts everyday New Yorkers. Major change is welcome and necessary but beware of those who claim the answer is to destroy the very systems we built together over generations. That is not change. That is chaos,” he said. “I urge New Yorkers to choose leaders not by what they promise, but by what they have delivered.”

Rev. Al Sharpton told PIX11 News in a statement, “Mayor Adams informed me earlier today that he would not seek re-election, and I told him I respected his decision, wished him nothing but the best, and said I was honored his last interview before this announcement was with me on PoliticsNation.”