Mayor Eric Adams added another notch to the city’s fiscal belt this week, ordering most agencies to leave thousands of positions vacant as the city looks to close a $2.9 billion budget gap in…
for sheltering migrants as the basis for the new cuts, in addition to broader economic woes.
“Until the federal and state governments step in, we are shouldering the entire cost of providing mandated assistance to asylum seekers,” he wrote. “Furthermore, the local and national economies are weakening, financial market performance is down, and we face rising health-care costs, high energy prices, and elevated inflation.”to $104 billion in fiscal year 2023, which began this summer. The city’s nearly $3 billion dollar deficit could swell to $6 billion in fiscal year 2026, according to budget projections.
Venezuelan migrants depart from the Randall’s Island tent city shelter to board a Manhattan bound city bus to search for city provided benefits and clothing on Nov. 1.The increase prompted a dire warning from New York Comptroller Tom DiNapoli, who said the bloated budget “could create spending pressure” in future years, as he called for “balancing” the need to deliver municipal services with filling the city’s coffers.
“Without the hardworking individuals who keep this city running, critical and essential services for our children and most vulnerable residents could be impacted,” DiNapoli warned earlier this month.
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