Mayor Eric Adams’ Budget Director Jacques Jiha on Monday left open the possibility of restoring sizable budget cuts Hizzoner has implemented in recent months if “financial conditions improve” and the economy “remains strong.”
The mayor instituted two rounds of 5% across-the-board budget cuts — yielding $6.6 billion in savings — in November and January to balance the city’s finances, saying it was staring down a $7.1 billion deficit driven by spending on the influx of nearly 180,000 migrants.
