NEW YORK CITY–Mayor Eric Adams unveiled the city’s preliminary 2026 budget on Jan. 16, crediting lower than expected migrant expenses for hundreds of millions in new spending.
During a live stream presentation, Adams revealed a $114.5 billion budget—$2.5 billion larger than the current year’s fiscal budget. An extra $2.4 billion has been carried over from the previous year’s budget because the city spent less than expected on the migrant crisis.
“The combination of federal policy to regulate inflow, and city policy to help households exit shelter, has stabilized the emergency, generating the 28 straight weeks of sustained census declines to date,” the city said in a statement….