New York City Adopts a $125.8 Billion Budget for Fiscal 2027
CONFIRMED89% CONFIDENCEStated as done, per the Council's release dated "June 30, 2026": "Today, the New York City Council voted to approve an $125.8 billion budget for Fiscal Year (FY) 2027".[1]
The City Council approved Mayor Mamdani's first budget on 30 June, the largest expense budget in Council history, adding $350 million to reserves and $300 million over two years for a new rental-assistance program. It was agreed with Speaker Julie Menin the same day.
$125.8B
1.00