Mayor Eric Adams’ administration announced on Thursday that the city is enacting around $4 billion in budget cuts over the next year and a half that will cancel the hiring of new police officers, slash the education budget by $1 billion and close libraries on Sundays. "This is the most painful exercise I’ve ever done in my professional life," Adams said. Subscribe to FOX 5 NY: null Watch FOX 5 NY Live: https://www.fox5ny.com/live FOX 5 NY delivers breaking news, live events, investigations, politics, entertainment, business news and local stories from New York City and across the nation. Good Day New York with Rosanna Scotto is New York City's home for news, weather traffic, sports and entertainment news every morning. Watch more FOX 5 NY on YouTube: Black Entrepreneurs:    • Playlist   STREET SOLDIERS with LISA EVERS:    • Street Soldiers with Lisa Evers   A.I. ALL IN:    • Playlist   Finding Faith:    • Finding Faith with Sharon Crowley   The Big Idea:    • Playlist   Download the FOX 5 NY News app: https://www.fox5ny.com/apps Download the FOX 5 NY Weather app: https://www.fox5ny.com/apps Follow FOX 5 NY on Facebook: https://www.facebook.com/fox5ny/ Follow FOX 5 NY on Twitter: https://twitter.com/fox5ny/ Follow FOX 5 NY on Instagram: https://www.instagram.com/fox5ny/ Subscribe to the Good Day NY Morning Brief newsletter: https://www.fox5ny.com/email