Mayor Eric Adams unveiled a $111.6 billion budget plan, restoring funding to areas such as public schools, child care, and cultural institutions, but leaving public libraries with slashed funding.
Adams' plan, $2 billion more than the preliminary budget, prioritizes restorations after announcing three rounds of 5% cuts to balance the budget, citing strong fiscal management and revenue improvements.
City Council asserts $6 billion in unspent funds and reserves could reverse all of the mayor's cuts, challenging the necessity of budget reductions given their higher revenue projections compared to City Hall's.
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