Gov. Kathy Hochul on Tuesday unveiled a record-breaking $233 billion state budget for fiscal year 2025 — with an unexpected increase in funds allocated for New York City’s migrant crisis.

While 1 in 5 of the nation’s homeless individuals currently live in New York, shelter providers and nonprofits continue to be ...

For all the talk of public disorder and random crime, New York City’s real crisis lies in its infrastructure. We have too little housing, insufficient energy, 19th century sewers, creaking subways ...

NYC’s Transit System Faces Another Budget Crisis With Congestion-Pricing Pause MTA’s fiscal plan will likely include budget shortfalls Debt service, maintenance and overtime costs poised to go up ...

New York City may be headed for annual deficits of as much as $13 billion because it under-budgets costs for social services ...

STATEN ISLAND, N.Y. — A New York City budget watchdog says Mayor Eric Adams' administration failed to update its cost estimates throughout the migrant crisis, according to a report released ...

New York City has always been a city with high debt ... The Big Apple isn’t experiencing a 1970s moment or even a budget crisis, but the elements are in place to push us in that direction ...

NEW YORK (BLOOMBERG ... City to help manage its migrant crisis, marking a significant shift after tens of thousands of asylum seekers strained the city’s budget requiring state help.

NEW YORK-- Negotiations ... the new fiscal year. "The budget is about making life in the city affordable for New Yorkers because we know there's an affordability crisis," Mayor Adams said.

The ramped up housing spending comes as the city remains in a severe housing crisis ... director at the New York Housing Conference who has been involved in the housing budget talks, credited ...

Ten months ago, Mayor Eric Adams warned of the need for “painful” cuts to the city’s budget, affecting everything ... implemented in November. The New York Public Library, which suspended ...