Mayor, Council speaker celebrate $98.7 billion budget deal

51281873674_d4571330ef_o-1200×800-1

Mayor Bill de Blasio and Speaker Corey Johnson celebrated the city’s new $98.7 billion budget, which the City Council voted to approve on June 30.

“This is one of the greatest investments in working families in the history of New York City,” de Blasio said during Wednesday’s press conference in the City Hall Rotunda. “We are sending resources to the communities who need it most, this is a radical investment in working families and that’s what we need right now to come out of this pandemic and move forward.”

The spending plan, which officials with the Mayor’s Office of Management and Budget have yet to actually release publicly, is the largest in New York City history and reverses many of the cuts caused by cratering revenues amid the COVID-19 pandemic last year, restoring budgets of agencies like the Parks Department, Sanitation, cultural institutions, and libraries.