Mayor Adams is due to unveil his budget plan for 2024 on Wednesday

Mayor Adams is due to present his finalized budget plan for the 2024 fiscal year on Wednesday, balancing costly city challenges with economic uncertainty eating at his advisers, and setting off potentially combative negotiations with liberal lawmakers who want the city to spend more aggressively.

Adams, a moderate Democrat, has ordered three rounds of agency budget cuts since taking office at the start of last year. On Wednesday, Adams is expected to detail a fourth round as his administration fine tunes the budget blueprint he first outlined in January.

The $102.7 billion preliminary blueprint that the administration released in January factored in dwindling economic growth projections, challenges posed by an influx of migrants from South and Central America, and soaring municipal health care obligations.

“We are focused on governing efficiently and measuring success not by how much we spend, but by our achievements,” Adams said in January. “This budget protects funding for the essential services.”

But at a time of significant inflation, the plan came as a small price hike from the adopted 2023 fiscal year plan. And the program left many unsatisfied.

Projected spending reductions for libraries and education particularly perturbed progressives, who spent much of last year battling the mayor over school budget cuts.

At the same time, Adams did not seem to satisfy fiscal hawks who see the city hurtling toward looming deficits and a potential recession.

The 2024 fiscal year budget is not expected to be finalized until the end of June, giving Adams and progressives in the left-leaning City Council about two months to iron out their differences.

Early this month, the Council released its response to Adams’ preliminary budget, taking a more optimistic view on revenue projections, and urging that some $1.3 billion be pumped into the budget plan to cover services including libraries and sanitation.

“The Preliminary Budget proposes reduced or inadequate commitments to many of the most critical services for New Yorkers,” said the report, which also advised that the mayor reverse course on a planned pause in the expansion of the city’s 3-K for All program.

“The Council strongly believes that there is both a need and a desire for these 3K seats,” said the Council response, referring to a planned 6,000-seat expansion now in question.