Mayor Eric Adams unveiled his Fiscal Year 2024 Preliminary Budget during a presentation at City Hall on Thursday, which he said came in at a balanced $102.7 billion and placed a significant focus on cost-cutting measures.
The mayor’s second preliminary spending plan — since taking office a little over a year ago — is up roughly $4.1 billion over his first, which totaled up to $98.6 billion. It also rose $1.7 billion from last year’s $101 billion June adopted budget, but was down $1.3 billion from the $104 billion November Financial Plan.
