Mayor Eric Adams insists that things are looking up.

“The city is not coming back folks. The city is back,” Adams said Wednesday.

Adams unveiled a $111.6 billion executive budget proposal Wednesday that includes investments in public safety and education and a reduction in spending on the migrant crisis.

The proposed budget is about $2 billion more than the one Adams originally pitched in January.

“We’re able to invest in the things that matter to New Yorkers in the executive budget, like public safety, early childhood education and the needs of working-class New Yorkers,” Adams said.

The proposed financial plan includes investments in the city's police department, schools, housing and cultural institutions.

More than $500 million will be invested in education programs. There will be funding for all of this year's police academy classes, which Adams says will add 2,400 new recruits to the force.

The mayor attributed the increase in spending to better than expected tax revenue and strict reductions on migrant spending.

“It reflects our core values and shows what we can accomplish with strong fiscal management and committed leadership,” Adams said.

City officials said they were able to save an additional $586 million by cutting migrant costs since January.

“We’re at the point where we’re going back and renegotiating those contracts, looking at everything from security contracts to food contracts to hotel contracts,” Adams said. 

But not everyone is celebrating.

The City Council, which must negotiate the final budget with the mayor, says the mayor’s projections are leaving out nearly $1 billion in available funds.

“These aren’t forecasts. This is tax revenue that is here right now that we can spend and now is the time to spend it. Plus, we still have money to put into reserves,” said City Coucilman Justin Brannan, who chairs the Committee on Finance.

Meanwhile, previous cuts made to city public libraries were not restored. City libraries are still facing a deficit of $58 million.

“An average New Yorker doesn’t know whether these cuts are proposed. Are they actually going into place? Is my library closed? It creates a sense of chaos that is just not healthy,” Brannan said.

In a statement released Wednesday, the presidents of the Brooklyn Public Library, the New York Public Library and the Queens Public Library said they were "deeply disappointed."

"We've already lost seven-day service city-wide, and are looking at most branches being open for only five days a week should these cuts go through," they said. "We will continue working with the Administration and the Council to fully restore funding so we can continue providing the level of service our patrons want and need."

Adams defended his proposed budget that prioritized funding the police over libraries, saying “tough decisions” needed to be made.

“The prerequisite to prosperity is public safety. People that go to libraries, I want to get there safely,” Adams said. 

In the coming weeks, the City Council will hold hearings reviewing the mayor's budget proposal and make recommendations for changes. The 2025 fiscal year starts July 1.