With far more migrants than anticipated expected to flood into the Big Apple going forward, Mayor Eric Adams’ administration now expects to shell out as much as $12 billion on the influx by the summer of 2025, the mayor said during a City Hall speech on Wednesday.
The new cost estimate is far higher than the projections cited by Adams’ Office of Management and Budget (OMB) last month, when the city budget was adopted. Previously, the city anticipated spending $4.3 billion on providing shelter and services to asylum seekers through June 30, 2024 — an estimate the mayor believes is likely to balloon to $6.1 billion.
