New York’s Mayor Adams Unveils Record-High Budget of Nearly $103 Billion

New York City Mayor Eric Adams speaks in New York City on Jan. 6, 2022. Spencer Platt/Getty Images

New York City Mayor Eric Adams, revealed one of the largest budget proposals in the history of the city.

On a Jan. 13 afternoon address from City Hall, Adams announced his record-high $102.7 billion fiscal 2024 budget proposal that would increase city government spending by nearly 1.6 percent.