Just like his predecessor Bill de Blasio, Mayor Eric Adams pushed the city budget to more than $100 billion while more residents leave the Big Apple.
No city budget is inflation-proof. But in the $104.9 billion budget deal he made with the City Council last Friday, Mayor Eric Adams is making the budget slightly more inflation-resistant, with higher rainy-day reserves. That’s better than nothing.
But the numbers nevertheless show the scale of the catastrophe that’s about to hit the city, as the cost of day-to-day living soars nationwide.
Adams is a unique modern mayor, in that he has no signature big-ticket spending item. By contrast, Bill de Blasio had pre-K; Mike Bloomberg lavished new funds on the Department of Education; Rudy Giuliani and David Dinkins spent big on cops; Ed Koch poured rebuilding funds into the South Bronx.
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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