The Big Apple’s budget will swell to a record-breaking $106.7 billion in 2024 because of the surging migrant crisis, inflation, and a string of new labor deals, Mayor Eric Adams is slated to …
The Big Apple’s budget will swell to a record-breaking $106.7 billion in 2024 because of the surging migrant crisis, inflation, and a string of new labor deals, Mayor Eric Adams is slated to announce later Wednesday, The Post has learned.on what the mayor had pitched in his fiscal proposal back in January.that will go towards covering the $1.4 billion the city has already forked out on shelter and social services for migrants within the last year.
The anticipated $4 billion rise in city spending comes as Adams is expected to acknowledge his third round of ordered budget cuts wasn’t as successful as he’d hoped, sources said. The Fire Department, Department of Sanitation and Human Services Administration were three major agencies that failed to find the required savings, according to sources.
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