Mayor & Speaker announce budget (photo: William Alatriste)

A little after 10 p.m. Monday night and more than a week before deadline, Mayor Bill de Blasio and City Council Speaker Melissa Mark-Viverito announced that they had reached a deal on a balanced fiscal year 2016 city budget. The $78.5 billion budget is for the fiscal year beginning July 1 and includes additional spending from the mayor's Executive Budget, released in May, for several Council priorities - including the hiring of 1,297 new NYPD officers.