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De Blasio leaves Adams a city budget mess

JANUARY 11, 2022 | by Joseph Borelli | GOTHAM GAZETTE

By Joseph Borelli, includes “When he takes office less than a month from now, incoming Mayor Eric Adams will have to deal with the financial mess de Blasio is leaving behind. Only, it’s a lot bigger. After years of treating the city’s budget the way rock bands treat hotel rooms, Mayor de Blasio will be handing his successor a city in far worse financial shape than the one he took the helm of in 2014. … Our city’s cash reserves are not only woefully inadequate to meet future fiscal challenges, but they also cost us significantly more in annual debt payments.”

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