How the Influx of Migrants is Impacting the Budgets of some of the Largest Cities in the U.S.

The Roosevelt Hotel, New York City's primary migrant arrival center. (Credit: Latin Times/Andrea Pineda-Salgado)

As the Greg Abbott administration in Texas continues implementing its "Lone Star" operation, busing thousands of migrants crossing the U.S. southern border to some of the countries largest cities, S&P Global warned that a lack of support from state and federal governments, their budgets could be strained and their credit quality come under pressure.

In a new report, the agency highlighted that more than 80% of the some 100,000 migrants Texas has bused to other parts of the country have been taken to New York City, Chicago and Denver.