New York City may be headed for annual deficits of as much as $13 billion because it under-budgets costs for social services ...

NEW YORK-- Negotiations ... the new fiscal year. "The budget is about making life in the city affordable for New Yorkers because we know there's an affordability crisis," Mayor Adams said.

Gov. Kathy Hochul on Tuesday unveiled a record-breaking $233 billion state budget for fiscal year 2025 — with an unexpected increase in funds allocated for New York City’s migrant crisis.

While 1 in 5 of the nation’s homeless individuals currently live in New York, shelter providers and nonprofits continue to be ...

Mayor Eric Adams is blaming the city’s multibillion-dollar budget hole on the migrant crisis, but more than half ... Kevin C. Downs for NY Post A mayoral spokesman said it is premature to ...

As New York City grapples with the ongoing housing crisis, CityFHEPS has played an increasingly prominent role in securing ...

By Troy Closson Just a year ago, the outlook for New York City was ... the education budget by hundreds of millions of dollars. In some ways, the city’s situation mirrors a crisis looming ...

NYC’s Transit System Faces Another Budget Crisis With Congestion-Pricing Pause MTA’s fiscal plan will likely include budget shortfalls Debt service, maintenance and overtime costs poised to go up ...

STATEN ISLAND, N.Y. — A New York City budget watchdog says Mayor Eric Adams' administration failed to update its cost estimates throughout the migrant crisis, according to a report released ...

NEW YORK CITY (WABC) -- In the wake of the migrant crisis, Mayor Eric Adams says he is being forced to slash the city's budget and will likely impact every city agency. Adams warned of "extremely ...

NEW YORK (BLOOMBERG ... City to help manage its migrant crisis, marking a significant shift after tens of thousands of asylum seekers strained the city’s budget requiring state help.