De Blasio’s $73.9 Billion Increases Education Spending
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New York Mayor Bill de Blasio presented a $73.9 billion budget for the fiscal year beginning July 1 that would spend more on school programs and teachers, social services, housing and traffic safety.
The 2015 budget, which is balanced for this year, is $200 million more than de Blasio proposed in a preliminary plan in February. It anticipates deficits of $2.2 billion for fiscal 2016, $2 billion in 2017 and $3.2 billion in 2018.