De Blasio Offers $98.6 Billion NYC Budget Flush With Federal Aid

New York Mayor Bill de Blasio proposed a $98.6 billion budget for a city still reeling from economic losses brought by the pandemic lockdown but saved from imminent fiscal collapse by about $14 billion in federal aid.

The spending plan for fiscal 2022 would take effect July 1, and requires approval from a City Council that has increasingly charted an independent course from the term-limited mayor on funding the police department and other issues.

Bill de Blasio

Photographer: Angus Mordant/Bloomberg

The budget represented a sharp turnaround from the bleak picture de Blasio forecast in February with a $92.3 billion preliminary budget. The city will receive ...