Mayor Adams and NYC Council reach deal on $101B budget weeks ahead of deadline

Mayor Adams and City Council leaders have reached a deal on a municipal budget for the next fiscal year that tops $100 billion, sources confirmed to the Daily News on Friday.

The mayor, Council Speaker Adrienne Adams and other key Council members were expected to make the agreement official during a ceremonial handshake press conference at noon at City Hall, the sources said.

The mayor’s office did not immediately return a request for comment, and neither did a spokesman for Speaker Adams.

New York City Mayor Eric Adams (left) and New York City Council Speaker Adrienne Adams (right)

Specifics of the massive budget were not immediately available, but a source involved in the negotiations said it’s expected to clock in at $101.1 billion.

The agreement comes weeks ahead of the July 1 deadline by which the Council must pass the budget.

This is a breaking story. Please check back for updates.

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