Budget Director Jacques Jiha sent a letter to nearly every City agency to cut their budgets by four percent for the coming fiscal year.
The Adams administration is ordering all New York City agencies to cut their budgets. Sonia Rincon has the story.City agencies have been told to cut their budgets by 4% for the coming fiscal year, starting in July. The Education Department and City University of New York only must identify 3% in cuts.
Additionally, the City is in the process of renegotiating multiple labor contracts, which is further stressing city resources. Former Chief of detectives and ABC News contributor Robert Boyce says with pay for officers now going as high as $131,000, it will help recruit and retain. 'We are facing a slowdown in city tax revenue growth and what is predicted by financial experts to be a weakening of the nation's economy," Allon said.
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