NYC Council Approves $112.4B Budget After Intense Negotiations

The budget restores cuts to libraries and housing but faces criticism over police funding and long-term debt.

The budget passed with a 46-3 vote, with dissent from three Democratic socialists over NYPD funding.
Mayor Eric Adams negotiated the deal, which adds $1 billion to his initial proposal.
Key restorations include $58 million for libraries and $2 billion for affordable housing.
Critics argue the budget increases long-term debt and does not adequately address social services.
Supporters claim the budget is fiscally responsible and addresses essential city needs.