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NYC Mayor Adams avoids deep budget cuts in record-breaking $114.5B election year spending plan

Mayor Eric Adams unveiled a record-breaking $114.5 billion spending plan Thursday, serving up his first proposed city budget without painful spending cuts, in an election year. The spending plan for the 2026 fiscal year is roughly $2 billion more than New York City’s last enacted budget, with investments in mental health, parks and quality-of-life programs….