{"id":510520,"date":"2022-11-16T03:23:09","date_gmt":"2022-11-16T00:23:09","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ny-budget-swells-to-104b-despite-adams-ordered-3-cuts\/"},"modified":"2022-11-16T03:23:09","modified_gmt":"2022-11-16T00:23:09","slug":"ny-budget-swells-to-104b-despite-adams-ordered-3-cuts","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ny-budget-swells-to-104b-despite-adams-ordered-3-cuts\/","title":{"rendered":"#NY budget swells to $104B despite Adams-ordered 3% cuts"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a36ec995ff1e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a36ec995ff1e\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/ny-budget-swells-to-104b-despite-adams-ordered-3-cuts\/#%E2%80%9CNY_budget_swells_to_104B_despite_Adams-ordered_3_cuts%E2%80%9D\" >&#8220;NY budget swells to $104B despite Adams-ordered 3% cuts&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CNY_budget_swells_to_104B_despite_Adams-ordered_3_cuts%E2%80%9D\"><\/span>&#8220;NY budget swells to $104B despite Adams-ordered 3% cuts&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n        <\/aside>\n<p>Projected city spending will surge to $104 billion this fiscal year \u2014 up about $3 billion \u2014 despite across-the-board budget cuts ordered by Mayor Eric Adams in September, City Hall said Tuesday.<\/p>\n<p>The added spending includes as much as $1 billion on the migrant crisis, with city budget officials counting on long-sought federal money to cover the cost.<\/p>\n<p>In a prepared statement, City Hall blamed the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> of looming fiscal cliffs on the migrant crisis and inflation, as well as \u201cincreased pension costs caused by stock-market losses\u201d and anticipated hikes in employee salaries and the price of health care.<\/p>\n<p>The plan was revealed a day after Adams said neither President Biden nor Gov. Kathy Hochul was willing to discuss the issue of migrant aid for New York City during \u201ccampaign season\u201d because they seemed \u201cmore focused on running around from one location to the next.\u201d<\/p>\n<p>It also led to a dire warning from state Comptroller Tom DiNapoli, who said the move posed a \u201cmaterial risk\u201d to the Big <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">App<\/a>le\u2019s fiscal 2023 budget that \u201ccould create spending pressure\u201d in future years.<\/p>\n<p>\u201cIn addition, despite a substantial worsening of the economic outlook since its last update in April 2022, including on Wall Street, the city is not yet projecting a further softening in revenues, which is likely to lead to a reduction in projected revenues in its preliminary [fiscal] 2024 budget early next year,\u201d he said.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/nyc-tent-city-migrants-relocated-2.jpg?w=1024\" alt=\"migrants\" class=\"wp-image-24667381\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/nyc-tent-city-migrants-relocated-2.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/nyc-tent-city-migrants-relocated-2.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/nyc-tent-city-migrants-relocated-2.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>The added spending includes as much as $1 billion on the migrant crisis.<\/figcaption><figcaption><span class=\"credit\">Matthew McDermott<\/span><\/figcaption><\/figure>\n<p>DiNapoli also scolded former Mayor Bill de Blasio for the city\u2019s \u201cmissed opportunity to set aside additional monies in its Revenue Stabilization Fund in [fiscal] 2022 when revenues significantly exceeded projections.\u201d<\/p>\n<p>The city\u2019s financial plan update revealed that municipal agencies only reduced their spending by less than $1 billion, falling more than $1 billion short of Adams\u2019 3% goal.<\/p>\n<p>The NYPD, which is grappling with chaos in the subways and spikes in every category of major crime except murders, shaved $69 million from its $5.6 billion budget, mainly by leaving some positions vacant before filling them.<\/p>\n<p>The Department of Education cut $153.8 million from its $31 billion budget, with $89.8 million in savings achieved through the same strategy.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/nyc-tents-migrant-housing-2.jpg?w=1024\" alt=\"New York's Office of Immigrant Affairs Commissioner Manuel Castro\" class=\"wp-image-24667388\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/nyc-tents-migrant-housing-2.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/nyc-tents-migrant-housing-2.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/nyc-tents-migrant-housing-2.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>City Hall blamed the fiscal issues on the migrant crisis, inflation and other obstacles.<\/figcaption><figcaption><span class=\"credit\">AP\/Bebeto Matthews<\/span><\/figcaption><\/figure>\n<p>The single largest cut, $201 million, was reported by the Department of <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Social<\/a> Services, which relied on a budgetary gimmick of transferring $161 million in unused money from fiscal 2022 back to the city.<\/p>\n<p>Meanwhile, budget documents pegged the pending fiscal 2024 deficit at $2.9 billion, down from $4.2 billion two months ago.<\/p>\n<p>But the next two projected budget shortfalls are up significantly, with fiscal 2025\u2019s deficit expected to be $4.6 billion, up from $3.7 billion.<\/p>\n<p>The situation for fiscal 2026 is even more grim, with an anticipated deficit of $5.9 billion, nearly 50% more than the previously projected $4 billion.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/nyc-migrants-line-bus.jpg?w=1024\" alt=\"venezuelan migrants \" class=\"wp-image-24667396\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/nyc-migrants-line-bus.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/nyc-migrants-line-bus.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/nyc-migrants-line-bus.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>The city\u2019s financial plan update revealed that municipal agencies only reduced their spending by less than $1 billion.<\/figcaption><figcaption><span class=\"credit\">Matthew McDermott<\/span><\/figcaption><\/figure>\n<p>The president of the Citizens Budget Commission, Andrew Rein, said, \u201cThe city\u2019s long-term fiscal outlet is precarious\u201d and echoed DiNapoli\u2019s concern about the \u201crisk to the city\u2019s finances\u201d if federal or state aid doesn\u2019t cover the migrant crisis.<\/p>\n<p>Rein said \u201csome savings\u201d resulted from the budget cuts Adams ordered, which he called a \u201cgood start\u201d but \u201cnot nearly enough to stabilize the city\u2019s finances.\u201d<\/p>\n<p>\u201cThe city still needs to take a much more serious look at being more productive and efficient and in the long run, it needs to work with the unions, restructure operations, use <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>, etc.,\u201d he said.<\/p>\n<p>In a prepared statement, Adams said, \u201cFiscal discipline has been, and continues to be, a hallmark of my administration.<\/p>\n<p>\u201cThe city faces significant economic headwinds that pose real threats to our fiscal stability, including growing pension contributions, expiring labor contracts, and rising health care expenses \u2014 and we are taking decisive actions in the administration\u2019s first November Financial Plan to meet those challenges,\u201d he added.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/11\/15\/ny-budget-swells-to-104b-despite-adams-ordered-3-cuts\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;NY budget swells to $104B despite Adams-ordered 3% cuts&#8221; Projected city spending will surge to $104 billion this fiscal year \u2014 up about $3 billion \u2014 despite across-the-board budget cuts ordered by Mayor Eric Adams in September, City Hall said Tuesday. The added spending includes as much as $1 billion on the migrant crisis, with&#8230;<\/p>\n","protected":false},"author":1,"featured_media":510521,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/11\/eric-adams-budget-migrants-comp.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[135574,73628,70343,4998,70643,5069,66147,71228,5044,128147,71147],"class_list":["post-510520","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-11-15-22","tag-budget-cuts","tag-city-budget","tag-crime","tag-department-of-education","tag-economy","tag-eric-adams","tag-migrants","tag-nypd","tag-social-services","tag-thomas-dinapoli"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/510520","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=510520"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/510520\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/510521"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=510520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=510520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=510520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}