NYC Mayor Says City Facing ‘Financial Tsunami’ Over Migrants

New York City Mayor Eric Adams (D) reiterated his earlier statement that the significant influx of migrants would ‘destroy’ his city. In further comments made this week, the mayor stated that New York is facing major economic and budget repercussions regarding the 100,000 migrants who have entered the city since last year.

During an interview with local press this weekend, the mayor stated that New York will face a “financial tsunami that I don’t think this city has ever experienced.”

His comments reflected one made earlier this week, in which Adams said that the migrant crisis threatened the future of the city.

“I don’t see an ending to this,” the mayor said. “This issue will destroy New York City, destroy New York City. We’re getting 10,000 migrants a month.”

Overall, the cost of the migrants to the city is estimated to be about $12 billion over the next three years.

“This is not utopia. New York City cannot manage 10,000 people a month with no end in sight,” Adams said. “That can’t happen, and that is going to undermine this entire city.”

“Every service in the city is going to be impacted, from child service to our seniors to our housing plan, everything will be impacted,” he said.

The mayor called this prospect a “fiscal cliff.” He said that at the current pace, the situation could “undermine this entire city.” He recently announced an across-the-board 5% budget cut to the city’s agencies.

He said that the city was carrying “the weight of a national problem with little or no help.”

The mayor’s recent statements received considerable criticism from the political left, with MSNBC even dubbing him the “Black Trump.”

In addition to the large influx of migrants, the Big Apple is also staring down its worst homelessness crisis in decades. With photos of migrants sleeping on cardboard in Manhattan going public, both issues can be intertwined.

New York City faced the prospect of bankruptcy in the 1970s which required significant federal and state assistance to avoid.