{"id":146,"date":"2016-12-02T17:51:36","date_gmt":"2016-12-02T17:51:36","guid":{"rendered":"http:\/\/labs.council.nyc\/budget\/?page_id=146"},"modified":"2026-02-20T16:46:00","modified_gmt":"2026-02-20T21:46:00","slug":"the-city-budget","status":"publish","type":"page","link":"https:\/\/council.nyc.gov\/budget\/","title":{"rendered":"The City Budget"},"content":{"rendered":"<ul id=\"fiscal-year-group\" class=\"button-group secondary scrollable\" style=\"margin-left: 0px;\"><\/ul>\n<h2>Fiscal Year 2027 Discretionary Funding Expense Application Filing Period<\/h2>\n<p>Please be advised that all not-for-profit community-based organizations that wish to apply for discretionary funding for FY2027 must submit a Council Application. The FY2027 application will be posted on the Council\u2019s website at this location on <strong>Monday, January 5th, 2026<\/strong> and the submission deadline will be on <strong>Wednesday, February 18th, 2026 @ 6:00PM<\/strong>.<\/p>\n<p><a disabled class=\"button\">Apply for FY2027 Discretionary Funding<\/a><br \/>\n<a class=\"button\" href=\"https:\/\/bbgm-apply.yourcausegrants.com\/apply\/programs\/b702984b-c8df-4a69-86f5-01ebf930b314\" target=\"_blank\" rel=\"noopener\">Access Submitted and In-Progress FY2027 Applications<\/a><br \/>\n<a class=\"button\" href=\"https:\/\/us.grantrequest.com\/AccountManager.aspx?sid=5404\" target=\"_blank\" rel=\"noopener\">View Previous Applications (FY2026 and earlier)<\/a><\/p>\n<p>Also, please note that if an application is not submitted within the filing period, the community-based organization will not be eligible for funding.<\/p>\n<p>Click here to watch the <strong><a href=\"https:\/\/www.zoomgov.com\/rec\/play\/k8g12NIy7NRDiXUGu-4gIhw1rtQOe0_tVyc9mD0A6419uVaqFQfeAkCyVCHh6LxcylF6V2PfMBEXnfJ5.sqtAStma1ca2RF-Y?eagerLoadZvaPages=&#038;accessLevel=meeting&#038;canPlayFromShare=true&#038;from=share_recording_detail&#038;continueMode=true&#038;componentName=rec-play&#038;originRequestUrl=https%3A%2F%2Fwww.zoomgov.com%2Frec%2Fshare%2Fwv3q4k2POXnxJ03JerMCbJ2Mky1I5Akkelne4KAGy1i8eqm41FMkb1kh7LRjP3Wr.8gzi5HvX6MGG7Riy\" target=\"_blank\" rel=\"noopener\">Fiscal Year 2027 Discretionary Budget Training Video.<\/a><\/strong><br \/>\nClick here to view the <strong><a href=\"https:\/\/council.nyc.gov\/budget\/wp-content\/uploads\/sites\/54\/2026\/02\/FY27-CM-Budget-Contacts-and-Forms-for-CBO-City-Council-02.20.2026.pdf\" target=\"_blank\" rel=\"noopener\">FY27 CM Budget Contacts and Forms<\/a><\/strong><\/p>\n<p>For any issues or questions regarding the FY 2027 application, please contact <a href=\"mailto:discretionary@council.nyc.gov\"><strong>discretionary@council.nyc.gov<\/strong><\/a><\/p>\n<hr \/>\n<h2>FY2027 Capital Funding for Non-City Organizations<\/h2>\n<p>Non-City organizations applying for Fiscal Year 2027 capital funding may now download and submit applications at the <a href=\"https:\/\/www.nyc.gov\/site\/capitalgrants\/capgrants-portal\/capgrants-portal.page\" target=\"_blank\" rel=\"noopener\"><strong>CapGrants portal<\/strong><\/a>. All groups should submit their completed applications through this portal.<\/p>\n<ul>\n<li>Groups designated All Other, Charter School, or Housing organizations, may view and download their applications on the CapGrants page. If your group represents a non-DOE school or community-based organization, please use the form.<\/li>\n<li>Cultural organizations may view and download their applications via the <a href=\"http:\/\/www1.nyc.gov\/site\/dcla\/cultural-funding\/capital-funding-request-page-1.page\" target=\"_blank\" rel=\"noopener\"><strong>Department of Cultural Affairs Capital Funding page<\/strong><\/a>. Your group should still submit completed applications through the CapGrants portal.<\/li>\n<\/ul>\n<p>Application deadlines vary depending on the source of the funding your group has requested.<\/p>\n<ul>\n<li><strong>Thursday, February 19, 2026, 5:00pm:<\/strong> applies if your project requests any funding from Borough Presidents (including those groups that are also requesting funding from the Council or Department of Cultural Affairs)<\/li>\n<li><strong>Thursday, March 19, 2026, 5:00pm:<\/strong> applies if your project is only requesting funding from the Council and\/or the Department of Cultural Affairs<\/li>\n<\/ul>\n<hr \/>\n<h2>Fiscal Year 2026 Preliminary Budget Response<\/h2>\n<p>The New York City Council presents its response to the Mayor\u2019s Fiscal 2026 Preliminary Financial Plan (Preliminary Plan) and the Fiscal Year 2025 Preliminary Mayor\u2019s Management Report.<\/p>\n<p><a class=\"button\" href=\"https:\/\/council.nyc.gov\/budget\/wp-content\/uploads\/sites\/54\/2025\/04\/Fiscal-2026-Preliminary-Budget-Response-8.pdf\" target=\"_blank\" rel=\"noopener\">Read the FY26 Preliminary Budget Response<\/a><\/p>\n<hr \/>\n<h2>FY25 Preliminary Budget Response (PDF)<\/h2>\n<p>The New York City Council presents its response to the Mayor\u2019s Fiscal Year 2025 Preliminary Budget and<br \/>\nthe Fiscal Year 2024 Preliminary Mayor\u2019s Management Report. The Council\u2019s response balances the need<br \/>\nto place the City on a stronger foundation to address its major challenges, save key program funding, and<br \/>\nprepare for economic uncertainties and risks.<\/p>\n<p>Read the Council&#8217;s <strong><a href=\"http:\/\/council.nyc.gov\/wp-content\/uploads\/2024\/04\/FY25-Prelim-Budget-Response.pdf\">FY25 Preliminary Budget Response<\/a><\/strong>.<\/p>\n<hr \/>\n<h2>2024 State Budget Priorities (PDF)<\/h2>\n<p>The New York City Council presents the following budget priorities for the State Fiscal Year 2025 Budget to help ensure New York City receives the equitable and necessary support for its health, safety, and success.<\/p>\n<p>Read the Council&#8217;s <strong><a href=\"https:\/\/council.nyc.gov\/press\/wp-content\/uploads\/sites\/56\/2024\/03\/032224.Speaker-Adams-2024-State-Budget-Priorities_v5.pdf\">2024 State Budget Priorities<\/a><\/strong>.<\/p>\n<hr \/>\n<h2>February 2024 Economic and Tax Revenue Forecast (PDF)<\/h2>\n<p>Read the Council&#8217;s <strong><a href=\"https:\/\/council.nyc.gov\/budget\/wp-content\/uploads\/sites\/54\/2024\/03\/February-2024-Council-Economic-and-Tax-Forecast-Report.pdf\">February 2024 Economic and Tax Revenue Forecast<\/a><\/strong>, prepared by the Revenue &amp; Economics Unit.<\/p>\n<hr \/>\n<h2>How the budget works<\/h2>\n<p><strong>The Expense Budget<\/strong> covers the costs of running our city. It pays for the sanitation worker who picks up your garbage, and powers the lights at your local library. Funds are set aside to operate each city agency. This also includes the Debt Service, the City&#8217;s annual loan payment for long\u2011term Capital Projects for which the City borrows State &amp; Federal money.<br \/>\n<strong>The Capital Budget<\/strong> covers larger long\u2011term investments in facilities &amp; infrastructure, or Capital Projects. Examples include the construction of public schools, street maintenance, and parks improvements.<br \/>\n<strong>The Revenue Budget<\/strong> outlines money expected from taxes, State &amp; Federal aid, and other sources of revenue. It determines the maximum amount in the Expense Budget, as the City is required to have a balanced budget.<\/p>\n<hr \/>\n<div class=\"row\">\n<div class=\"columns small-12\">\n<h2>The Budget Process<\/h2>\n<\/div>\n<p><!--\n\n\n<div class=\"columns large-6\">\n\n\n<div><a href=\"https:\/\/www.youtube.com\/watch?v=wp8osuI2Rbo\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" alt=\"Speaker Corey Johnson shaking hands with Mayor DeBlasio at City Hall\" src=\"https:\/\/council.nyc.gov\/budget\/wp-content\/uploads\/sites\/54\/2018\/06\/Mayor_DeBlasio-Speaker_Johnson-FY19_Budget.jpg\"><\/a><\/div>\n\n\nCurious about how the budget is approved? When does the process begin? What's the role of the Council and the Mayor? <strong><a href=\"process\/\">Learn about the budget process<\/a><\/strong>.<\/div>\n\n\n--><br \/>\n<!--\n\n\n<div class=\"columns large-6\">--><\/p>\n<div class=\"columns\">\n<h3>Finance Committee<\/h3>\n<p><strong><a href=\"\/committees\/finance\/\">The Council\u2019s Finance Committee<\/a><\/strong> plays an important role in the budget negotiating process by advocating for the needs of New Yorkers and overseeing the hearing process. The current Chair of the Finance Committee is <strong><a href=\"\/linda-lee\/\">Council Member Linda Lee<\/a><\/strong>.<\/p>\n<h3>Finance Division<\/h3>\n<p>The Council\u2019s Finance Division is a team of analysts, attorneys, economists, and administrative staff who provide Council Members with research on budgetary actions and their fiscal impact. They also work with Council Members to monitor and evaluate agency spending.<\/p>\n<p>Curious about how the budget is approved? When does the process begin? What&#8217;s the role of the Council and the Mayor? <strong><a href=\"process\/\">Learn about the budget process<\/a><\/strong>.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>New York City runs on billions of dollars. How public funds are distributed affects our city&#8217;s operations, services, construction, and so much more.<\/p>\n","protected":false},"author":2,"featured_media":3454,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-146","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/council.nyc.gov\/budget\/wp-json\/wp\/v2\/pages\/146","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/council.nyc.gov\/budget\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/council.nyc.gov\/budget\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/council.nyc.gov\/budget\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/council.nyc.gov\/budget\/wp-json\/wp\/v2\/comments?post=146"}],"version-history":[{"count":0,"href":"https:\/\/council.nyc.gov\/budget\/wp-json\/wp\/v2\/pages\/146\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/council.nyc.gov\/budget\/wp-json\/wp\/v2\/media\/3454"}],"wp:attachment":[{"href":"https:\/\/council.nyc.gov\/budget\/wp-json\/wp\/v2\/media?parent=146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}