For Final Budget Act, de Blasio Makes $4B in Red Ink Disappear — But Leaves Adams Billions of Worries (Ovid: bill)

[Aeran]

Adams does have some work cut out for him.

https://www.thecity.nyc/economy/2021...ons-of-worries

With the stock market headed for another big year and interest rates near zero, Mayor Bill de Blasio slashed the budget gaps he’s leaving his successor by a third in an updated fiscal outlook released Tuesday.

But Mayor-elect Eric Adams may not owe de Blasio much of a thank you.

The latest projection still shows gaps of almost $8 billion for Adams’ first term and provides no money to finance pay raises as contracts with municipal unions expire. It also leaves the next administration facing a “fiscal cliff” of almost $2 billion when federal funding runs out for many of the initiatives de Blasio has launched since the COVID pandemic shook the city.

“Although the budget gaps appear manageable, Eric Adams has some work cut out for him and he should start right away,” said Andrew Rein, president of the fiscal watchdog group the Citizens Budget Commission.

[RICANRICAN]

I knew the bozo was going to F- things up as much as he can before he leaves!!!

[Mr.Retired]

I pray I never have to hear of his political pursuits ever again.
Adams should question Bill on these misappropriated monies.