NYC’s overspending is bigger problem than migrant crisis: budget watchdogBy Carl Campanile and Craig McCarthy
Published Sep. 11, 2023
Mayor Eric Adams is blaming the city’s multibillion-dollar budget hole on the migrant crisis, but more than half the deficit really stems from City Hall’s massive spending on other issues, a Big Apple budget watchdog says.
“While serving the rapid influx of migrants and asylum seekers has massively strained the City’s finances, this cost is not the sole cause of the City’s fiscal problems,” said Citizens Budget Commission director Andrew Rein in an analyis released Sunday — the same day Hizzoner doubled-down on his warning the isue will “destroy” the Big Apple if it doesn’t get more federal and state help.
“Less than half of the potential fiscal year 2025 $13.8 billion budget gap is attributable to the $6.1 billion the City estimates services to migrants will cost next year,” Rein said.
Adams’ previous budget-cutting efforts also “were overmatched nearly 3 to 1 by additional spending for new and expanded programs, collective bargaining, pensions, and the failure to address the federal and City fiscal cliffs,” the budget expert said.
“Restructuring operations to significantly reduce costs would be critical now even without the migrant crisis,” he said.
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Source:
https://nypost.com/2023/09/11/nycs-overspending-is-bigger-problem-than-migrant-crisis-budget-watchdog/
