Reaching a balanced budget for the next fiscal year will be “painful,” Mayor Eric Adams said Thursday as negotiations over a spending plan that must pass by July 1 kick off this month.
Hizzoner made the remarks in reference to crafting a balanced budget that accounts for the minimum $4.3 billion his office expects to spend on providing for tens of thousands of asylum seekers between this fiscal year and the next. The cost projection, Adams has repeatedly said, has driven recent rounds of wide-ranging spending cuts to the city’s libraries, social services programs and public university system.
