Mayor Eric Adams orders NYC agencies — including NYPD — to cut spending 3% over inflation, looming recession

Posted on AllSides September 12th, 2022
From The Right

Mayor Eric Adams on Monday ordered all city agencies — including the NYPD — to start cutting expenses and plan for years of further belt-tightening due to stock market losses, “elevated inflation” and the potential for a devastating recession.

The 3% across-the-board directive was delivered in a dire memo from the Mayor’s Office of Management and Budget, which said Adams is “implementing a Program to Eliminate the Gap” that will require spending be cut in fiscal 2023, which began on July 1 and ends June 30.

Read full story

New York Post (News)

AllSides Media Bias Rating: Lean Right
AllSides Media Bias Rating: Lean Right
109831/85706
See full bias rating for New York Post (News)
Learn about media bias
https://nypost.com/2022/09/12/mayor-eric-adams-orders-nyc-to-cut-spending-3-over-inflation-looming-recession/

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right