The New York City Department of Cultural Affairs is the largest cultural funding agency in the nation, with an average annual expense budget of approximately $200 million and a capital budget of more than $1 billion over the next four years. Source
Mayor Adams claims that the illegal immigrants "flooding" NYC are causing a $12 Billion hole in his budget.
NYC has secular problems with their budget. High income workers have a great deal of incentive to leave the city. Crime continues to increase. Commercial real estate values are not rising the way budget planners hoped. More people are working from home since Covid so folks working from home in New Jersey cannot be dinged for the +3% city income tax.
Once Adams acknowledged that Biden's immigrants were a problem it became convenient to shift all responsibility for budget woes to the immigrants.
But, since I am a problem solver, I found $1.8B over the next four years for him. It seems unlikely that he will thank me.
ERJ, I would trow many major urban centers have similar issues and the most recent economic crisis gives them what they think is an easy out. Unfortunately in the current economic climate, I do not think that there is more money coming.
ReplyDeleteThings have not reached the point of change yet. When these sorts of things are getting cut because there is no money, we will have reached an inflection point.
"High income workers have a great deal of incentive to leave the city."
ReplyDeleteA fair percentage of those high income workers are employed by the city, and they ain't goin' no place until (a) they retire or (b) it dries up. Past voting tendencies indicate that there's plenty of money still to be approved and taxed.
According to the internet, the City of NY has 1 full-time employee for every 26 residents.
DeleteBy comparison, the city of Lansing (not a bright, shining star by any means) has 1 employee for every 49 residents if you include Municipal employees and the School District. The report for the school district lumps full-time and part-time employees so the real apples-to-apples number is more than 49:1
Start sending the illegale to Delaware. Then seal that border. The voters of Delaware need tobe severly punished for sending Slow Joe back to congress all those years.
ReplyDeleteThis $1.8 billion that you speak of, where is it and how can it be used?
ReplyDeleteirontomflint
About half of it is probably dispersed as grants to institutions like the NY Ballet, museums and "arts" summer camps for aspiring rappers. The other half was identified as "capital budget" which implies money for bricks-and-mortar.
DeleteAs a former resident of NYS, I find great humor in the insistence of funding 'culture'... Twerking and graffiti were never considered cultural, but you do you. Just glad you're not taxing me to pay for it anymore.
ReplyDeleteThe irony, is completely lost on them.
New York has problems with illegal immigrants??? Nah!!! Eagle Springs , Tx has recently been seeing over 800 per day!!! That comes out to around a quarter million a year and that's only the ones they know of !!! So using NYC math how big a hole does that make for the Texas economy?
ReplyDelete