Published June 28, 2024 Updated June 28, 2024, 6:17 p.m. ET

By Aneeta Bhole and Matt Troutman

They’re landing the budget plane – and it’s a $112.4 billion jumbo jet.

Mayor Eric Adams and City Council Speaker Adrienne Adams celebrated a handshake agreement Friday on a record-breaking 2025 fiscal year proposed budget that will reverse the majority of controversial cuts – including to libraries – pushed by Hizzoner in recent months.

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