The shelter money infusion comes after the town’s shelter inhabitants has reached historic highs, largely as a result of inflow of tens of 1000’s of principally Latin American migrants and asylum seekers.
However the inhabitants of longtime New Yorkers residing within the shelter system has additionally elevated as rents and price of residing within the metropolis continues to surge.
The $114.5 billion proposal from Adams marks the beginning of his workplace’s negotiations with the Metropolis Council earlier than the 2 sides should attain a deal on a metropolis authorities price range by the July 1 begin of the 2026 fiscal 12 months.
All through the earlier price range cycles underneath his tenure, Adams’ workplace has persistently projected decrease tax revenues than the Council and made deep cuts to metropolis businesses amid heavy spending on the migrant disaster.
The mayor is proposing to make use of that tax income rise to fund the shelter funding and different initiatives, together with some teaching programs, the paperwork say.
Initially Printed: January 16, 2025 at 1:02 PM EST
