{"id":2894,"date":"2025-05-30T13:07:41","date_gmt":"2025-05-30T17:07:41","guid":{"rendered":"https:\/\/council.nyc.gov\/press\/?p=2894"},"modified":"2025-05-30T13:07:41","modified_gmt":"2025-05-30T17:07:41","slug":"at-final-budget-hearing-nyc-council-identifies-outstanding-funding-gaps-in-mayors-fiscal-year-2026-executive-budget-that-must-be-addressed","status":"publish","type":"post","link":"https:\/\/council.nyc.gov\/press\/2025\/05\/30\/2894\/","title":{"rendered":"At Final Budget Hearing, NYC Council Identifies Outstanding Funding Gaps in Mayor\u2019s Fiscal Year 2026 Executive Budget That Must Be Addressed"},"content":{"rendered":"

Executive Budget added some funding for priorities that Council urged, but other key programs to make city safer and support New Yorkers remain underfunded<\/em><\/p>\n

City Hall, NY<\/strong> \u2013 At today\u2019s final City Council Executive Budget hearing by the Committee on Finance<\/a>, the Council identified gaps in funding for several key agencies and programs within the Mayor\u2019s Fiscal Year (FY) 2026 Executive Budget. While the Executive Budget includes funding for several priorities that the Council outlined in its Preliminary Budget Response,<\/a> such as $197 million for the restoration of 3-K and Pre-K, $104.5 million for older adult services, and nearly $30 million for neighborhood sanitation services, key investments for childcare, public school, mental health, and public safety programs remain underfunded and inadequate to meet the needs of New Yorkers.<\/p>\n

\u201cAmidst the chaos of the Trump administration that is undermining the national economy and working families, New York City\u2019s budget must focus on investing in greater affordability and a safer city for New Yorkers,\u201d said Speaker Adrienne Adams<\/strong>. \u201cWhile the Mayor\u2019s Executive Budget is better than those from previous years, it still fails to adequately support mental health and public safety solutions desperately needed, as well as vital services that New Yorkers of all ages need to access opportunity and success in our city. Throughout our Executive Budget hearings, we have identified key areas of funding that must be addressed and repeatedly heard from New Yorkers about the investments missing in the mayor\u2019s budget. As we negotiate a final city budget, the Council will fight to safeguard our city\u2019s fiscal strength and secure the appropriate investments in our neighborhoods and residents.\u201d<\/p>\n

\u201cWhile Trump and his Republican allies try to tear down the safety net from D.C., here in New York we need to build it up,\u201d said Council Finance Chair Justin Brannan<\/strong>. \u201cThat means protecting our most vulnerable and investing in the programs and priorities New Yorkers depend on \u2014 from affordable housing and mental health care to safe streets, strong schools, and vibrant parks. The mayor\u2019s budget still doesn\u2019t meet the urgency of the moment, and as we enter the home stretch in negotiations, I\u2019ll be fighting tooth and nail to deliver a budget that puts working people first.\u201d<\/p>\n

The hearing occurred the day after the Council released its May 2025 Economic and Tax Revenue Forecast<\/a>, which projected the City will collect $1.7 billion more in tax revenues for FYs 2025 and 2026 than the Mayor\u2019s Office of Management and Budget (OMB) estimated.<\/p>\n

The Council\u2019s Committee on Finance has held a series of Executive Budget hearings with various committees over the past three weeks to examine specific agency budgets. These hearings examined the details of agency funding in the Executive Budget and identified programs and services that were underfunded, including those highlighted in the Council\u2019s Preliminary Budget Response. The Council\u2019s budget hearings covered the following issues and responsible agencies:<\/p>\n