new york new york mayor bill de blasio announce wednesday agreement balance 82.1 billion city budget 2016-2017 fiscal year boost reserve expand summer youth employment program agreement reach new york city council come well ahead july deadline de blasio democrat say early agreement since 2001 credit cooperation administration city council agreement increase reserve additional 250 million grow retiree health benefit trust fund 3.9 billion include billion every year general reserve 500 million capital stabilization reserve budget highlight de blasio social mission executive budget present april dedicate billion overhaul city 7.5 billion public hospital system treat around 1.4 million people per year city council speaker melissa mark-viverito council members hail expansion city summer youth work program 60,000 press conference city hall program place young people age 14-24 community organizations summer employment budget agreement come difficult time de blasio face multiple investigations campaign finance wednesday head new york city prison guard union hedge fund financier charge operate kickback scheme mark first major prosecution emerge state federal corruption probe examine de blasio fundraise practice among avenues inquiry new york city reach agreement 82.1 billion fy 2017 budget