NYC Council set to OK record $101B budget deal forged with Mayor Adams

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The New York City Council is set to grant final approval to the Big Apple’s record breaking $101.1 billion budget for 2023 in a late Monday night vote, after lawmakers and Mayor Eric Adams struck a tentative deal on the spending plan last week.

The Council’s meeting to debate and likely grant final approval to the budget gets underway at 7 p.m. and the final vote tallies are not expected until closer to midnight.

Hizzoner and Council Speaker Adrienne Adams have aggressively touted expansions of the summer workforce program, homeless shelter beds and the discounted MetroCard program for needy New Yorkers.

However, budget watchdogs have criticized the mayor and Council for pushing the city’s spending to record new levels amid soaring inflation and growing worries about a possible economic recession, which could be triggered by expected interest rate hikes.

The spending deal between Adams and the Council grows the projected budget shortfalls to an average of $4 billion annually between 2024 and 2026, officials acknowledged.

Mayor Eric Adams has faced criticism for pushing the city’s spending to record new levels.
Steven Hirsch
Adrienne E. Adams Speaker of the New York City Council
Adams has advocated for expansion of the summer workforce program.
Steven Hirsch

Full details of the spending agreement had still not been released by the mayor’s budget office as of Monday afternoon.

The spending deal is $1.4 billion larger than the budget initially proposed by Adams in April and $2.6 billion more than the mayor estimated in January.

The mayor and speaker spent much of Monday batting away criticism from another corner of the city, parents and teachers, over their agreement to cut $215 million from the public schools budget following enrollment declines.

The Department of Education is also set to lose roughly another $400 million from its 2023 budget due to the wind-down of federal pandemic-related aid, bringing the total cut to roughly $600 million.

Overall, its budget will be $31 billion, down from $31.6 billion in 2022.

Sources say the deal includes a roughly $90 million boost for the NYPD to pay for raises under new labor contracts.

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