Brace yourselves NYC residents
@CELLFISH et al. This may be the final straw for folks to abandon ship...
New York’s Era of Overspending Ends With a Shudder
After years of heady spending,
the budget cuts announced by Mayor Eric Adams last week hit New York City like a punch to the gut: Most libraries would be closed on Sundays. The expansion of the city’s signature prekindergarten program would be delayed. So would efforts to improve New York’s notoriously dirty streets and keep rats at bay. The city’s police force would be pared down in coming years.
Fiscal reality has caught up with a stunned city. The brutal cuts come as Mr. Adams scrambles to fill a $7 billion budget deficit in the next year. The Citizens Budget Commission, a nonpartisan watchdog group, estimates that the budget gap could be significantly higher,
closer to $10.6 billion. New Yorkers may want to brace themselves. Much deeper cuts to city services could be ahead.