Mayor Adams Proposes $109 Billion NYC Budget with Fewer Cuts

Improved financial outlook and increased tax revenues allow for fewer cuts; call for more federal funding continues.

Mayor Eric Adams has proposed a $109 billion budget for New York City, which includes fewer cuts than initially expected due to improved financial outlook.
The budget is expected to receive $2.9 billion more in tax revenues than previously anticipated, and the city is also likely to get more state funding to manage the ongoing migrant crisis.
Several key services such as schools, libraries, social services, and programs for older New Yorkers have been spared from further cuts.
Despite the improved financial outlook, Mayor Adams continues to call for more federal funding to help manage the migrant crisis.
Some severe cuts are expected to remain, facing opposition from city councilmembers who deem them unnecessary.