NYC’s Adams Unveils $114.5 Billion Budget as Migrant Costs Slow

New York Mayor Eric Adams, bolstered by lower-than-forecast spending on migrants, proposed a $114.5 billion budget that allocates hundreds of millions of dollars in new spending to help pay for social services.

The spending plan for the fiscal year that begins July 1, which requires approval from the City Council, is more than $2.5 billion larger than the current budget the city approved in June.