New York City Mayor Eric Adams appeared to lowball his budget for fiscal 2025 by billions of dollars last month to make his proposed $109.4 billion budget look balanced.

A new report released Thursday found that Adams’s budget was $3.6 billion more than he had unveiled. The correct figure would have shown that the proposed budget ran a deficit. Adams also lowballed budget estimates for the 2026 through 2028 fiscal years by as much as $3.9 billion, according to the Citizens Budget Commission.