Mayor Eric Adams delivered a rosier picture of the city’s fiscal state on Tuesday, citing better-than-expected tax revenue and lower costs for the ongoing migrant crisis.

He also said depending on funding from the state and federal government, adding budget cuts could be reversed.

Adams touted the city’s economy but warned that the forecast for office vacancies remains high for the upcoming years. 

This comes as a new report from the city comptroller looked at rental prices and found that rental regulation programs are largely the reason many New Yorkers can still afford to stay in the city.

City Comptroller Brad Lander joined NY1political anchor Errol Louis on “Inside City Hall” Tuesday to talk more about Adams’ proposed city budget.

“Normally, the budget dance is the mayor puts forward a budget, there’s all that back-and-forth and negotiating with the council and the advocates, and then in June, they reach a handshake, and that’s the budget dance. And this was the mayor budget, dancing with himself. He announced cuts a few weeks ago to the uniformed agencies, to city rising, to the libraries, and then, even before the council got a chance to see the budget, he restored them,” Lander said. “There’s still plenty of time, and an important process to play out, but I’m not so sure what was gained by all of that.”