The mayor has canceled a 5 percent budget cut planned for April. Citing reduced spending on migrants, Adams announced Wednesday that the upcoming savings plan, called a program to eliminate the gap, is off the table. While the news might help ward off further criticism of cuts — which were first announced in the fall and have proven deeply unpopular — they could also hurt his case for more state and federal aid.

“The city’s fiscal condition is precarious and out-year budget gaps are substantial...[We are] glad to see that the city is loosening the hiring freeze, but it needs to be more flexible and strategic to address staffing challenges in specific titles and agencies,” Ana Champeny

Mayor Eric Adams announced Wednesday morning that drastic city budget cuts proposed for the coming fiscal year across all municipal agencies will be canceled and a hiring freeze will be lifted.

“We identified that next year is $3.6 billion short to continue current services,” Ana Champeny.

Mayor Eric Adams on Wednesday canceled a long-expected round of city agency spending cuts he had previously forecast for April. The announcement was the latest in a round of budget reversals that he said have been enabled by strong tax revenues and slimmed-down spending on the migrant crisis.

The City Council is seeking to join the lawsuit filed by low-income tenants against Mayor Eric Adams’ administration last week over City Hall’s refusal to implement a set of housing voucher laws, setting up a courtroom clash between the two branches of government.

A coalition of good government groups calls on New York lawmakers to reject Gov. Kathy Hochul's budget proposals that would expand her control of state spending. In a letter to Senate Majority Leader Andrea Stewart-Cousins and House Speaker Carl Heastie, the coalition urged legislative budget writers to reject several provisions in the budget they said would give the governor's office "broad, unilateral spending and borrowing authorities that are unnecessary and fiscally risky."

Budgeting is not simple – especially when you’re dealing with a 12-digit budget that is bigger than that of some entire states. New York City Mayor Eric Adams released his budget proposal in his annual address in January, and since then, some of the city’s budget watchdogs have released their analyses.

“The administration was right to implement the previous two rounds of [cuts] and reduce costs for asylum seeker and migrant services,” he said. “But more spending restraint and program prioritization is still needed to stabilize the city’s finances,” Andrew Rein

“The bottom line is that aid increases should go to where there is rising need," said Patrick Orecki,"… Current formulas and aids don't do that well enough.”

Long active in charitable and philanthropic works, O’Byrne also serves on the boards of the American Irish Historical Association, Citizens Union, the Steering Committee of ABNY, and as a Trustee of the Citizens Budget Commission.

Under Andrew Rein’s leadership, the CBC spearheaded the successful effort to create a New York City Rainy Day Fund, developed blueprints to manage city and state budgets during the pandemic, identified efficiencies to balance the Metropolitan Transportation Authority budget and recommended policies to increase housing production.