Next year, a multibillion-dollar deficit is anticipated.
One of his orders is a partial hiring freeze as he issues a warning about an impending “economic tsunami” for New York City. This expands upon the demands he made of these agencies back in September, as CBS2’s Alice Gainer reports. He cites the regional and national economies, the financial markets, the inflation rate, growing healthcare costs, and high energy prices as justification.
The mayor’s budget director stated in a letter to commissioners of local agencies that 4,700 jobs, or 50% of available city government posts, will go unfilled.
Then, Adams said, “we’re going to proceed to plan b and plan c.” “We’re going to do all we can to find those efficiencies, to find the best cost savings as possible,” Adams added.
The FDNY, NYPD, teachers, and other uniformed employees, as well as those in positions that bring in money, are exempt from this.
He then offers this warning.
the mayor said “I just think that he needs to focus on his office and delivering services,” Adams said. “We need to be prepared for the economic tsunami that is coming toward our city… whether it is a tsunami sort of remains to be seen. We will be putting an economic forecast out in a couple of weeks.”
“Although these posts are now vacant, we have heard from a number of organizations, including the Housing Department, that their high vacancy rate is having an effect on some of the services they offer. Therefore, as I indicated, it is still unclear which agencies will be impacted.” New York City declared a state of emergency in October due to the influx of asylum seekers. Without support from the state or federal governments, the mayor forewarned, the city would be unable to meet other obligations. Therefore, where is the money he asked.
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