Mayor Eric Adams rolled out on Thursday his preliminary budget for the upcoming fiscal year — a rosier plan in an election year, focused on funding some new initiatives and devoid of the broad cuts that defined his previous financial blueprints.
Hizzoner’s $114.5 billion Fiscal Year 2026 Preliminary Budget is down roughly $5 million from his $115 billion November Financial Plan. Yet it is up $2.5 billion from the current fiscal year’s budget at adoption last June—$112 billion—and $3 billion from last year’s $109 billion preliminary budget.
