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Kelly said that since 2001, felony crime has been cut by more than 28 percent.

He also added that while the rate of homicide has risen 5 percent, the murder rate is the second lowest since comparable records were kept 45 years ago.

"We didn't do as well as last year when murders fell below 500 for the first time, but we're on track to record the second lowest number of murders in modern memory," said the mayor.

"We've gotten much better at tracking crime and applying resources to that crime in a timely manner," said Kelly. We've accomplished this with a combination of committed police officers, good management and the acquisition of necessary technology."

Kelly also noted that the rate of shoplifting rose 9 percent, mostly in large department stores in Midtown Manhattan, which he said may be a result of the economic crisis.

The slowing economy is forcing the NYPD, along with other major city agencies, to face budget cuts.

"We have the team in place and I'm confident we'll be standing here a year from now. Is it going to be easy? It's going to be incredibly difficult," said Bloomberg.

The police force will have 500 more recruits next year, as part of the budget deal made between the mayor's office and the city council.