The mild weather this winter is helping the city's coffers. The Bloomberg administration estimates it has saved $11 million that would have gone to winter weather clean-up such as snow plowing, salt and overtime pay.

If there is no late winter snow – let alone blizzards – in the next few weeks, the money will be used to offset budget cuts to other programs.

Still, it’s only a drop in the $70 billion dollar bucket that is New York City’s budget.

Mayoral spokesman Marc Lavorgna called the $11 million "a microscopic sum" which will make little difference.

The city set aside $42.8 million for snow clearing this season. The sum is decided by a set formula that averages the amount spent for each of the five preceding full fiscal years. But the budget-busting $124.2 million spent cleaning up after last winter's storms had no impact on this season’s snow budget. It will get factored in next year.

Just 7.4 inches of snow have fallen on the city so far this season. That's the lowest amount since the winter of 2001-2002, when only 3.5 inches were recorded in Central Park.