Mayor Eric Adams’ announcement over the weekend that a 15% round of budget cuts may be required to deal with the migrant crisis “significantly overstates” the likely fiscal strain on the city, according to an analysis by the independent Fiscal Policy Institute (FPI) released Tuesday.
The report found the possible 15% cuts across all city agencies, which would total $10 billion and be made over the course of the next year, far exceeds the $6.5 billion the institute projects the city would need to cover the estimated migrant expenses over the current and next fiscal years.
