From the Daily News:
Spending on the city homeless shelters rose a whopping 62% in the past eight years, with the total expected to reach close to $1 billion this year, according to a new report.
The staggering number includes all money spent on the city’s 271 shelters from city, state and federal funds, according to the Independent Budget Office report released Thursday.
In 2007, the three government entities spent a total of $604 million on Big Apple shelters.
That will rise to an estimated $976 million this year.