New York Metropolis is dealing with a $2.2 billion finances shortfall on this fiscal yr and a projected $10.4 billion hole the next yr, in response to a brand new evaluation launched Friday by new Comptroller Mark Levine, who blamed years of underbudgeting and reliance on one-time fixes. Levine mentioned the gaps, the biggest town has confronted this late within the finances cycle for the reason that Nice Recession, should not the results of an financial downturn, however of spending selections made underneath the earlier mayoral administration of Eric Adams. “This wasn’t caused by a bad economy — it’s the…
