The new budget restores $58 million to libraries, $53 million to cultural institutions, and adds $15 million to the Parks department. The terms of the deal are yet to be fully disclosed.
Mayor Eric Adams ensured a full restoration of funds for libraries and cultural institutions, emphasizing serving working-class New Yorkers. The budget dispute was resolved ahead of the deadline.
Cuts to arts funding had a significant negative impact, leading to closures, layoffs, and reduced services. Leaders of cultural institutions emphasized the importance of restoring funding.
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