New YorkNewsUS

NYC heading towards economic Tsunami: Mayor Adams warns.

Adams mulling over tightening city's budget, again

Web Desk:

New York City Mayor Eric Adams is looking to tighten the city’s budget again, according to CBS News.

For one, he’s ordered a partial hiring freeze as he warns of an “economic tsunami” coming toward New York City.

As CBS2’s Alice Gainer reports, this builds on what he already asked of these agencies back in September. He cites the local and national economies, financial markets, rising healthcare costs, high energy prices, and inflation as the reasoning.

In a letter to commissioners of city agencies, the mayor’s budget director said 50% of open city government jobs will not be filled – about 4,700 jobs.

“We’re going to do everything we can to find those efficiencies, to find the best cost savings as possible, then we’re going to move to plan b and plan c,” Adams said.

This doesn’t apply to uniformed members of the FDNY, NYPD or teachers, or positions that generate revenue.

“No one is escaping. We’re going to do it in levels that are not going to hurt the delivery of services and safety of the city,” Adams said.

Back in September, city agencies were told to cut their budgets by 3% this fiscal year and nearly 5% the next.

Leave a Reply

Your email address will not be published. Required fields are marked *