Reported about 23 hours ago
New York Mayor Eric Adams has unveiled a proposed $114.5 billion budget for the upcoming fiscal year, reflecting lower-than-expected spending on migrants. With significant savings from managing migrant-related expenses and increased tax revenue, this budget aims to enhance social services without cuts, marking a departure from previous conservative budgeting approaches. Critics argue it reveals the administration’s past overspending forecasts as the city also faces projected budget deficits in the coming years.
Source: YAHOO