FY2017’s discretionary funds for not-for-profit organizations and agency initiatives focus on addressing inequality through responsible budgeting.
The Council has authorized NYC’s Fiscal Year 2017 Budget, including record investments in youth, support for immigrant communities, and the strengthening of our City’s reserves.
Ensuring Opportunities for Youth
With nearly two million City residents under the age of 18, the City will provide opportunities for all of its youth by creating new programs and services, expanding existing ones, and at the same time making certain that the City is maintaining equitable access to such programs.
One of the Council’s chief responsibilities is to negotiate the City’s budget with the Mayor. As part of that process, the Council analyzes the Mayor’s proposed Executive Budget.
After the Council submitted its preliminary budget response, the Mayor released in April an updated financial plan for the City. The Council’s leadership and Finance Division continue to analyze this proposed Executive Budget and we are conducting a second round of targeted hearings.
One of the Council’s chief responsibilities is to negotiate the City’s budget with the Mayor. As part of that process, we issue a response to his initial Financial Plan.