Budget includes historic investment of $1,000 college savings accounts for every public school kindergartner, the largest-ever expansion of Fair Fares, expanded funding for housing vouchers, with investments in parks, libraries, cultural institutions, CUNY, and more
Speaker Menin secures the largest package of capital and expense investments in City Council history
CITY HALL, NY – Speaker Julie Menin and the New York City Council today announced an agreement with Mayor Zohran Mamdani on a $125.8 billion Fiscal Year (FY) 2027 budget that makes historic investments to lower the cost of living, expand opportunity, and strengthen essential services for New Yorkers while maintaining responsible fiscal stewardship.
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