Mayor de Blasio and the City Council reached a tentative agreement Friday on an $85.2 billion budget for fiscal 2018 — a 3.7 percent increase over the previous year’s adopted budget.
The deal — touted as having been struck at the earliest point of the budget cycle since 1992 — included more than $300 million in new spending since the executive budget was released in May.
Some of the the provisions in the new budget include:
— $30 million to boost support for nonprofit service providers — an allotment that will grow to $104 million by fiscal 2022.
— $10.4 million was added to the budget to expand the free-lunch program in schools — which had been a priority for council members and Public Advocate Letitia James.
— $25 million in property-tax exemptions for war veterans — described as personal tax savings of $443 per person per year.
— $6.4 million to continue development of a “Fly Cars” rapid-response system in The Bronx, which places emergency vehicles in high-need locations.
— $20 million was set to provide 6,500 jobs through the city’s Work, Learn and Grow initiative.
— $105.5 million for the construction of school gymnasiums and $110 million for the building and repair of public libraries.
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