$111B NYC budget deal to reverse majority of Adams’ proposed cuts — including to libraries: sources

NY Post ^ | 06/28/2024 | Aneeta Bhole and rMatt Troutman

[ChicagoConservative27]

A record-breaking $111-plus billion budget that will reverse the majority of cuts pushed by Mayor Eric Adams in recent months has been reached in a handshake deal with City Council Speaker Adrienne Adams set to be announced Friday, sources told The Post.

The two Adamses (no relation) — whose rivalry has become increasingly bitter — will shake hands on the fiscal year 2025 budget agreement during an afternoon event, sources said.

The full scope of reversals had yet to be unveiled, but the $58 million funding restoration to libraries touted by the mayor and speaker Thursday night will bring seven-day service back to branches, a source told The Post.

The mammoth spending plan, if approved, would be the largest budget in New York City’s history, dwarfing the$107 billion approved by Council members for the current fiscal year.

[ChicagoConservative27]

111 billion budget?? Where the hell is this money coming from? Uncle sugar or what?

[ProtectOurFreedom]

Funny how they don’t make any mention at all of where they are going to find the money.

I’ll bet they try big tax hikes and then watch lots more productive people flee NYC and NYS.

[napscoordinator]

Wall Street.

[Opinionated Blowhard]

The NYC city council is like a drunk with the keys to the liquor cabinet. Spend, spend, spend like there’s no tomorrow.