Mayor Eric Adams on Tuesday unveiled his roughly $109.4 billion preliminary budget for the coming fiscal year — a plan that fully closes the projected $7 billion gap he had long warned about, pulls back on some of his most unpopular planned spending cuts, but still contains broad trims.
During his rollout of the plan at City Hall on Tuesday, the mayor also said he would back off on making further 5% cuts in April if Gov. Kathy Hochul gives the city “sufficient funding” to reimburse its spending on the migrant crisis. Earlier Tuesday, during her own budget address, the governor said she wants to give the city $2.4 billion in additional migrant funding in the coming fiscal year — a plan of which, Adams said, he still needs to “review the details.”
