Mayor Eric Adams claims his first city budget is "radically practical," compared to his predecessor.
Is Mayor Eric Adams really slashing spending, as he promised Wednesday?
Behind the swagger and flash, there is some substance, at least so far — but Adams also leaves a lot of shiny asterisks. He didn’t say so, but his entire budget holds together or falls apart depending on whether he is tougher on labor costs than any mayor in modern history.
The first Adams budget is, as Adams said, “radically practical,” at least on paper. Total spending, after adjusting for small surpluses and deficits that carry over from year to year, will clock in at $101 billion. Take out federal and state grants, and Adams proposes to spend about $75.2 billion in local taxpayer dollars for his first fiscal year, 2023 (which starts July 1).
That’s about 1% over the $74.4 billion in local dollars Mayor Bill de Blasio planned to spend through the end of this 2022 fiscal year.
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Nicole Gelinas is a senior fellow at the Manhattan Institute and contributing editor at City Journal. Follow her on Twitter here.
This piece originally appeared in New York Post