Mayor Eric Adams is set to unveil a $114.5 billion city government budget proposal Thursday that includes more than $500 million in new homeless shelter funding, according to documents reviewed by the Daily News.

The $114.5 billion spending plan anticipated $2 billion less in asylum seeker costs, but also called for an additional $550 million for nonmigrant shelters.

Mayor Eric Adams, bolstered by lower-than-forecast spending on migrants, proposed a $114.5 billion budget that allocates hundreds of millions of dollars in new spending to help pay for social services.

The mayor laid out an ambitious spending plan as economic experts braced for potential cuts from the Trump administration.