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NYC Mayor Zohran Mamdani Releases $124.7 Billion Executive Budget for FY 2027
May 12, 2026
NEW YORK, May 12 -- New York City Mayor Zohran Mamdani issued the following news:

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Mayor Zohran Mamdani Releases $124.7 Billion Executive Budget for Fiscal Year 2027

* After inheriting a historic $12 billion budget gap, Mayor restores New York City's fiscal health through aggressive savings, taxing the rich, partnership with Albany and critical new investments

* Mayor balances budget without slashing services, raising property taxes . . .

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