Published by
New York Daily News
New York Daily News
NEW YORK — More details have emerged about the new round of budget cuts Mayor Eric Adams announced over the weekend — with a hiring freeze, overtime reductions and the suspension of temporary city contracts appearing to be almost certain in the months ahead. The austerity measures will include a 5% mandated reduction to all city agency budgets in the the city’s November budget modification, as well as likely 5% reductions in both January and April, which would bring the total projected cuts to 15% if those additional Programs to Eliminate the Gap, or PEGs as they’re known, are implemented. The…