Migrant Crisis Will Cost New York Taxpayers $4.2 Billion By 2024: Report
By Pola Rubio
02/08/23 AT 7:15 AM EST
KEY POINTS
Gov. Hochul's billion-dollar proposal would only cover less than 30% of shelter costs
The city's OBM said the budget would slash state aid by $461 million in FY2024
The city's rich taxpayers already declined in 2020
The United States migrant crisis could cost New York City's taxpayers $4.2 billion by 2024 after Gov. Kathy Hochul announced her plan to give the city $1 billion in migrant aid.
In response through an internal City Hall memo obtained by the New York Post on Tuesday, the city's Office of Management and Budget said that the governor's billion-dollar proposal would only cover less than 30% of shelter costs.
https://www.ibtimes.com/migrant-crisis-will-cost-new-york-taxpayers-42-billion-2024-report-3665701