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New York City Mayor and Council Agree to $92.8 Billion Budget

June 14, 2019, 8:06 PM

New York City’s mayor and council struck an agreement on a $92.8 billion budget for the 2020 fiscal year that increases the government’s reserves and boosts spending for school social workers, senior housing, and pre-kindergarten teachers.

The budget, $300 million more than the plan proposed by Mayor Bill de Blasio in April, includes funding to place 200 social workers in public schools and adds $275 million over the next three fiscal years to create 800 affordable homes for seniors.

One big issue that held up an agreement included a council demand that the mayor increase “rainy day’’ reserves by $250 ...

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