Kudos to Mayor Eric Adams for transferring well to restrict the municipal payroll as extra unhealthy price range information rolls in.
In his third spherical of price range cuts this 12 months, Price range Director Jacques Jiha on Monday ordered most metropolis companies to fill not more than half of their present full-time vacancies. (Academics and uniformed NYPD and FDNY ranks are exempted.) Meaning about 4,700 openings received’t be crammed.
Jiha additionally directed companies to cowl any new initiatives and applications out of their current budgets.
This follows sweeping cuts Adams made on taking workplace in January, plus the three% across-the-board “PEG” cuts he ordered in September.
Powerful medication, however do-able after Mayor Invoice de Blasio bloated the municipal headcount to a report 337,294, together with his ultimate price range formally hitting $98.7 billion, up about 34% over the past Bloomberg one, greater than double the inflation price. Plus, Blas spent all of the federal COVID help he might, and left large out-year deficits that Adams has to cowl.
And now town faces an estimated $1 billion in added prices because of the migrant disaster, plus a serious ongoing drop in its property-tax take as distant work has companies trimming workplace area. And its tech trade is in recession, slamming one of many brightest native enterprise sectors. Worse, Wall Road’s reducing again, too.
In the meantime, town’s labor contracts are all developing, and each union will need substantial hikes to counter Bidenflation.
And 2023 is more likely to convey a nationwide recession, additional slamming town price range. So Adams is completely proper to start out reducing now to keep away from even worse cuts down the road that would threaten core providers.
All of which makes it . . . awkward that we’ve got to maintain reporting on varied Adams administration crony hires. The newest: A longtime good friend of the mayor received tapped for one of many best-paid jobs in metropolis authorities. Lisa White grew to become NYPD deputy commissioner for worker relations in Could, pulling $241,000 a 12 months, 5 occasions what she’d earned as a 911 dispatcher earlier than retiring.
Adams is getting the large image proper, however such ugly particulars hold marring his report.