The shelter money infusion comes after the town’s shelter inhabitants has reached historic highs, largely because of the inflow of tens of 1000’s of principally Latin American migrants and asylum seekers.
However the inhabitants of longtime New Yorkers dwelling within the shelter system has additionally elevated as rents and price of dwelling 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 finances by the July 1 begin of the 2026 fiscal 12 months.
All through the earlier finances cycles below his tenure, Adams’ workplace has persistently projected decrease tax revenues than the Council and made deep cuts to metropolis companies 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 education schemes, the paperwork say.
Initially Revealed: January 16, 2025 at 1:02 PM EST
