Council passes $89B budget

The City Council voted Thursday to approve an $89.2 billion city budget for the coming year.

The budget, which takes effect at the beginning of July, includes cash to offer halfpriced Metro Cards to people living in poverty, make school buildings more accessible to the disabled and sock away more money in the city’s reserves.

There’s also $500 million to build senior housing on NYCHA and other city land, and money to increase the number of summer jobs for teens from 70,000 to 75,000.

Left out was one program the Council pushed for, a $400 property tax rebate for homeowners.

Speaker Corey Johnson, who took the post at the beginning of the year, awarded himself an additional $5 million in the so-called “speaker’s pot” to dole out to favored nonprofits, bringing the pot to $11.9 million.

“This budget will strengthen our social safety net and do more for New Yorkers who are struggling to get by on less,” Johnson said.