Adams releases no-frills $103B NYC budget amid calls for greater funding

Mayor Eric Adams on Thursday proposed a $102.7 billion spending plan that called for a relatively modest 2% increase over last year’s budget, citing an uncertain economy and mounting expenses from the migrant crisis that are expected to grow to over $1 billion.

The proposal for fiscal year 2024 is a reflection of Adams’ priorities as he looks to shape his second year in office. It includes some new investments in housing and infrastructure, but notably requires no further cuts to city agencies.

Adams has stressed the need for fiscal discipline amid a period of economic uncertainty and signs that the city’s recovery may be slowing.

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