Overview

• New York City Mayor Eric Adams announced a new round of budget cuts, amounting to over $100 million for the next fiscal year, including further cuts to early childhood education.
• Despite the city's improved fiscal situation, the Education Department will face more than $100 million in new cuts starting next fiscal year, on top of the $600 million in cuts announced in November.
• The new cuts include $50 million from the city’s prekindergarten and 3-K programs and $51 million in reduced spending on non-staff costs in some central offices.
• Governor Kathy Hochul released her budget plan, which includes $2.4 billion in aid to the city to provide housing and other basic services to migrants.
• The city is still reviewing Hochul’s budget and may cancel another round of budget cuts that’s supposed to come in April if aid from the state is sufficient.