Mayor Eric Adams is once again sounding the alarm over the city’s financial problems, proposing another round of cost-saving measures for the upcoming fiscal year.

Members of the City Council are pushing back — saying his proposals are not fiscally responsible.

“Money for housing not police, money for schools not police,” demonstrators shouted outside of City Hall Wednesday.

Community groups and some councilmembers joined the rally outside to call on Adams to divest money from the NYPD and redirect those funds into the city’s most vulnerable.

“What keeps people safe is to have affordable housing,” said Anthonine Pierre, executive director of Brooklyn Movement Center, an advocacy group promoting African American leadership in Brooklyn. “To be able to know what you’re going to feed your kids at night.”

She was among those calling for the priority shift, which comes the same week Adams directed all city agencies to find places to cut costs — giving department heads little more than a week to find 4% worth of savings.

Both CUNY and the education department will have to identify 3% of cuts.

“There’s really a disconnect that’s taking place around now about the challenges this city is facing,” Adams said during a separate press at City Hall. “We must find efficiencies in our agencies. Then we have to deal with the crises that are in front of us.”

The mayor said cuts will apply to the fiscal year beginning in July as the city faces a perfect storm of billions of dollars in costs related to asylum seekers, and the need to fund overdue labor deals with city workers in a slowdown in city tax revenue growth.

Logan Clark, assistant director of budget review for the city’s Independent Budget Office, said the Adams’ warning about the city’s fiscal future is warranted.

“There’s definitely cause for caution within the city’s fiscal landscape. We’re seeing a lot of uncertainty in the mid to long term,” he said.

The mayor’s move amounts to his latest effort to cut costs. This one could result in cuts to city services.

Adams’ budget director wrote a letter to agency heads to “avoid meaningfully impacting services where possible.”

On Monday, the City Council released its response to the mayor’s $102.7 preliminary budget proposal earlier this year, insisting it came up short while indicating local lawmakers don’t think the economic picture is that bad.

City Council Speaker Adrienne Adams and Brooklyn Councilmember Justin Brannan, who is also the council finance Chair, released a statement saying: “Cutting city agencies’ budgets without regard for the impact it has on New Yorkers, the delivery of essential services, and our city’s economy, is not the depiction of fiscal responsibility.”

Queens Councilmember Shahana Hanif said she was worried about vital social services being cut.

“We need to secure investments in mental health supports, in our schools, and adequately funding a not closing hospitals,” she said.

Many at the rally want the NYPD’s budget cut, which is something the former NYPD Captain didn’t do in his preliminary budget. However, Pierre said she believes something has to give.

This is the third time since last fall that the mayor has proposed cost-cutting measures to address the city’s financial woes for fiscal year 2024.