New York City Council approved a $112.4 billion budget plan on Sunday with a vote of 46-3. Three Democratic socialists voted against the measure.

Mayor Eric Adams, who negotiated with Council leadership, applauded this action. Council members Tiffany Caban (who negotiated deal) and Shahana Hanif (who negotiated deal) were the only council members to oppose it.

The new fiscal budget for 2025 runs from July 1, 2020 to June 30, 2025.

The mayor stated that “our administration’s mission was clear: protect public safety, build our economy, make this city more liveable, and this budget is direct testament to this mission.”

The mayor’s budget plan for the fiscal year increased spending by $1 billion.

The budget also includes an addition of $2 billion for capital construction to build and preserve more affordable housing, while restoring funds to libraries and museums as well as other cultural institutions and student support programs like summer rising.

Adams and Council Speaker Adrienne Adams – who are not related – discussed a revamp of the prekindergarten and 3-kindergarten programs in order to ensure that classroom seats go to areas where parents demand it.

The mayor and council have approved a budget that is fiscally responsible and meets New York’s requirements despite the costs of the migrant crises and the phase out of federal pandemic assistance.

He said: “We passed a budget that addressed the three most expensive things for New Yorkers, housing, childcare and health care.”

Brooklyn Councilman Justin Brannan said that “reports about New York City’s decline have been greatly overstated.” It takes a lot of work to ensure that New York City is the Capital of the World. “That’s why the investments we make in the next year are so important.”

Three democratic socialists who disagreed with the government complained that not enough money was being spent on education and social services and too much on the police.

Caban, the Astoria representative, stated during the vote on the council floor that “this no vote will not increase my popularity among the powers-that-be.” “But my constituency did not send me to this room so that I could rubber stamp another Mayor Adams’ budget.”

Hanif stated, “Mayor Adams funnels money into his NYPD pet project that does not contribute to real community safety, including the Cop City Multi-Agency Training Center, the 86 member Public Relations team, the teenage police cadets program, and Strategic Response Group. Mayor Adams made the wrong choices in his budget.

She said: “I can’t sign off on a Budget that, despite Council’s best attempts, continues us along Mayor Adams’s austerity path.”

The NYC chapter of Democratic Socialists of America has said that it will be looking for a challenger to Adams’ re-election bid next year.

DSA released a statement saying that “after years of austerity New Yorkers have finally the opportunity to remove Eric Adams as Mayor and vote instead for a fully funded future for New York City.” “The people of New York City need a new mayor — one who understands our city has to be a home for working-class families, not just a playground for rich people,” DSA said in a statement.