Nearly 174,000 migrants have passed through New York City since spring of 2022, and more than 66,000 are currently still in the city’s care.

The crisis has cost both the city and state millions of dollars.

But a new report by the Immigration Research Initiative predicts newly arrived asylum seekers will soon contribute to the growth of the city’s economy and tax base.

According to the report, migrant workers are earning a median wage of about $23,000 per year, which could increase state and local tax revenues by more than $2.5 million.

And in five years, as their wages increase, that contribution is expected to grow even more.

David Kallick, director of the Immigration Research Initiative, joined NY1 political anchor Errol Louis Tuesday on “Inside City Hall” to talk through the report and its findings.