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 or draining long-term reserves  

  

Mayor refuses to let working New Yorkers foot the bill — secures historic tax on the rich

TODAY, Mayor Zohran Kwame Mamdani released the $124.7 billion Fiscal Year (FY) 2027 Executive Budget, putting New York City on firm financial footing while protecting the services working people rely on. Through strong fiscal management, Mayor Mamdani balanced the budget through a combination of aggressive savings, new tax revenue, partnership with Albany and critical new investments in the needs of working class New Yorkers. 

  

The budget is balanced without raising property taxes, slashing services or drawing down the City’s Rainy Day or Retiree Health Benefit Trust reserves and makes the largest City capital commitment to NYCHA in recent history.  

  

“For too long, working New Yorkers have been told that austerity was the answer to adversity,” said Mayor Mamdani. “This budget rejects that failed politics. We are restoring fiscal stability without slashing the services people depend on, without raising property taxes and without asking working families to pay for a crisis they did not create. Instead, we are making government work for the people of this city: securing support from Albany and taxing the rich so we can invest in housing, safety, child care, parks, libraries and the public goods that make New York the greatest city in the world.”  

  

Mayor Mamdani inherited budget gaps larger than those seen during the Great Recession. Both the City and State Comptrollers agreed the prior administration had substantially underbudgeted core City services and obligations, increasing budget gaps to more than $12 billion.   

  

As part of the administration’s efforts to restore fiscal transparency and public excellence to City government, the Mayor ordered every agency to appoint a Chief Savings Officer. Through this effort, the administration achieved $1.77 billion in gap-closing savings across Fiscal Years 2026 and 2027.   

  

The Mayor identified an additional $1.2 billion in savings by addressing systemic inefficiencies in critical programs, including improving access for special education students, reaching class size compliance and strengthening CityFHEPS. The City will also create a more predictable debt payment schedule, resulting in $1.64 billion in savings in Fiscal Year 2027 alone without impacting retirees, their benefits or current and future employee benefits.  

  

Thanks to Governor Kathy Hochul, Senate Majority Leader Andrea Stewart-Cousins and Assembly Speaker Carl Heastie, the City secured an additional $4 billion in state support and actions to help stabilize the budget. That includes $352 million in direct aid, $3.2 billion in state authorizations — including pension liability restructuring and class size flexibility mentioned above — and $500 million in new revenue through a pied-à-terre tax on second homes valued above $5 million.  

  

In addition to the pied-à-terre-tax, the Mayor will work with Speaker Julie Menin and the City Council on their proposal to reduce the UBT tax credit, which overwhelmingly benefits millionaires. Reducing the UBT tax credit will raise an additional $68 million.

 

The Mayor also made critical investments to reduce the cost of living, strengthen public services, improve public safety, expand worker protections and support the health and well-being of New Yorkers across all five boroughs.  

  

Investment highlights include:  

  

Baselined Annual Investments

•    Libraries: $31.7 million  

•    Fair Fares: $25 million  

•    NYC Department of Parks and Recreation: $15 million  

•    City University of New York: $15 million  

•    Department of Cultural Affairs: $10 million  

  

Child Care for All and Supporting K-12

•    Increasing Provider Rates: $40 million in FY27   

•    Expanding NYC Reads and Solves: $17.3 million in FY27   

•   Launching the Little Apple, the City’s first Municipal day care system: $2.3 million in FY27 and $2 million annually beginning in FY28  

  

Investing in a Safer New York

•    Office of Community Safety: $40.9 million in FY27 and $40.2 million annually beginning in FY28   

•    Office of Hate Crime Prevention: $26 million annually beginning in FY27  

•    Counsel for Vulnerable New Yorkers: $22 million in FY26   

•    Right to Counsel: $14.3 million in FY27 and $40 million annually beginning in FY28  

•   Supervised Release Intensive Case Management Pilot: $7.7 million in FY27, $5.7 million in FY28 and $1.2 million in FY29   

•    20 Civilian Complaint Review Board Staff: $3.2 million annually beginning in FY27  

•   84 New FDNY Civilian Staff: $0.8 million in FY26, $9 million annually beginning in FY27  

  

Safer Streets

•    Safer Streets and Sammy’s Law: $34.9 million in FY27, growing to $65.1 million in FY30  

•    DCAS Pedestrian Alerts: $900,000 annually between FY27 and FY29  

  

Keeping our City Clean

•   Waste Containerization: $14.8 million in FY27, growing to $162.2 million by FY30  

  

Economic Justice and Worker Protections

•    Supporting Street Vendors: $20.5 million in FY27  

•    Medallion Loan Guarantee Program's Reserve Fund: $12.6 million in FY27 

•    Expanded Capacity for DCWP: $4.3 million in FY27, growing to $18M annually by FY29  

•    Commercial Lease Legal Assistance: $4 million in FY27 and FY28  

  

Improving New Yorkers’ Health & Wellbeing

•    Access to Mental Health Care: $47.3 million annually beginning in FY27  

•    Supporting Survivors: $16.7 million in FY27  

•    Disease Testing and Surveillance Capacity: $11.3 million annually beginning in FY27  

•    Supporting Seniors: $3.4 million in FY27  

  

Under the Mamdani administration, the City’s Executive Five-Year Capital Plan has also grown to $117.1 billion, including $8.2 billion in new investments from this administration alone.   

  

New investments include:  

  

Building the Affordable Housing New Yorkers Need

•    The Executive Budget invests $4 billion in capital funding for the Department of Housing Preservation and Development across the five-year plan, plus an additional $500 million in FY31 — one of the largest capital additions in the entire budget and a reflection of the administration’s commitment to addressing the housing crisis. These investments will create deeply affordable housing for low-income New Yorkers.  

  

Investing in Livable Housing for NYCHA Residents

•   The budget includes an additional $500 million in FY28 for comprehensive NYCHA renovations. Combined with existing commitments and investments made in the FY27 Preliminary Plan, these funds will allow NYCHA to rehabilitate and modernize thousands of homes across FY27 and FY28.    

•    The City is also investing $256 million over FY26 through FY28 — in addition to expense budget funding — to restore vacant NYCHA apartments and return them to tenants. This represents the largest capital commitment to vacant unit turnover in the City’s history. 

llegal Alien Pleads Guilty to Drug Trafficking and Firearm Possession Offenses

 

David X. Sullivan, United States Attorney for the District of Connecticut, announced that CARLOS GONZALEZ NAVA, 26, a citizen of Mexico unlawfully residing in the U.S., waived his right to be indicted and pleaded guilty in New Haven federal court to drug trafficking and firearm possession offenses.

According to court documents and statements made in court, in 2025, the U.S. Postal Inspection Service’s Narcotics and Bulk Cash Trafficking Task Force, the Drug Enforcement Administration, and Homeland Security Investigations began investigating a series of suspicious parcels that were being mailed from southern California to multiple addresses in New London.  The investigation revealed that a drug trafficking organization was shipping large quantities of narcotics, primarily heroin and cocaine, through the U.S. Mail to Connecticut, and that Gonzalez Nava was the primary recipient of the drugs.  In November 2025, a court-authorized search of one intercepted parcel revealed nearly a kilogram of heroin, and in February 2026, a search of another intercepted parcel revealed approximately 400 grams of cocaine.

Gonzalez Nava was arrested on a federal criminal complaint on March 11, 2026.  On that date, a search of his New London residence revealed four firearms, including semi-automatic pistols and a shotgun.

Gonzalez Nava pleaded guilty to conspiracy to possess with intent to distribute 100 grams or more of heroin and a quantity of cocaine, an offense that carries a mandatory minimum term of imprisonment of five years and a maximum term of imprisonment of 40 years, and unlawful possession of a firearm by an illegal alien, an offense that carries a maximum term of imprisonment of 15 years.  He is scheduled to be sentenced by U.S. District Judge Michael P. Shea in Hartford on July 16.

Gonzalez Nava has been detained since his arrest.

This prosecution is part of the Homeland Security Task Force (HSTF) initiative established by Executive Order 14159, Protecting the American People Against Invasion.  The HSTF is a whole-of-government partnership dedicated to eliminating criminal cartels, foreign gangs, transnational criminal organizations, and human smuggling and trafficking rings operating in the United States and abroad.  Through historic interagency collaboration, the HSTF directs the full might of United States law enforcement toward identifying, investigating, and prosecuting the full spectrum of crimes committed by these organizations, which have long fueled violence and instability within our borders.  In performing this work, the HSTF places special emphasis on investigating and prosecuting those engaged in child trafficking or other crimes involving children. The HSTF further utilizes all available tools to prosecute and remove the most violent criminal aliens from the United States.

HSTF New Haven comprises agents and officers from the FBI, DEA, HSI, ATF, U.S. Postal Inspection Service, Internal Revenue Service – Criminal Investigation, U.S. Department of Labor, and Connecticut State Police, with prosecutions led by the U.S. Attorney’s Office for the District of Connecticut. 

Attorney General James Releases Footage from Investigation into Death of Irene McIntyre

New York Attorney General Letitia James released footage from body-worn cameras (BWC) that her office obtained as part of its ongoing investigation into the death of Irene McIntyre, who died on April 12, 2026 following an encounter with members of the New York State Police (NYSP) in LaFayette, Onondaga County.

At 1:46 a.m. on April 12, NYSP troopers responded to a 911 call in a residential area in LaFayette. Upon arrival, troopers encountered Ms. McIntyre, who was driving her car and using it to strike and run over other people. One trooper discharged their service weapon, striking Ms. McIntyre. Ms. McIntyre was transferred to a local hospital, where she was pronounced dead. One person struck by Ms. McIntyre was pronounced dead at the scene, and others were treated for non-life-threatening injuries.

The Office of Special Investigation (OSI) of the Attorney General’s Office released footage from BWCs that troopers were equipped with during the incident. The release of this footage follows Attorney General James’ directive that camera footage obtained by her office during an OSI investigation be released to the public to increase transparency and strengthen public trust in these matters.

Pursuant to New York State Executive Law Section 70-b, OSI assesses every incident reported to it where a police officer or a peace officer, including a corrections officer, may have caused the death of a person by an act or omission. Under the law, the officer may be on-duty or off-duty, and the decedent may be armed or unarmed. Also, the decedent may or may not be in custody or incarcerated. If OSI’s assessment indicates an officer may have caused the death, OSI proceeds to conduct a full investigation of the incident.

The release of this footage is not an expression of any opinion as to the guilt or innocence of any party in a criminal matter or any opinion as to how or whether any individual may be charged with a crime. 

Warning: These videos contain content that viewers may find disturbing. 

Bronx River Art Center (BRAC) - Join us Thursday May 14th for the opening of Mujeres de Archivo

 

Join us Thursday Night!

RSVP for Opening Reception

BRAC is pleased to present Mujeres de Archivo, an exhibition featuring the work of three Latinx women artists that deploys a decolonial and feminist approach to archiving, foregrounding memory work, an ongoing history of overlooked labor and knowledge across the Americas. Working across mediums such as textile, print, and sculpture, the exhibition centers archival fragments both inherited and imagined.

Grounded in Latinx feminist scholarship, the exhibition frames memory work as both a political and aesthetic intervention, particularly within a heightened anti-immigrant climate. It asks: What does it mean to transmit memory across borders and generations? How might archives open space for speculation, for alternate pasts and futures? How can we revalue processes and repetitions often marginalized in archival practice?

Curated by Nikki Meyers

Featured Artists: C.J. Chueca, Cinthya Santos Briones, Blanka Amezkua

The exhibition will run from May 14 to June 21, with an opening reception held on May 14th from 6 - 8pm.

Gallery Hours:

Tuesday-Friday: 3-6pm

Saturday and Sunday: 12-5pm

Donate to BRAC!

Wave Hill Weekly Events (May 14 – May 21) | Paint the Town Rainbow: Artistry & Movement as Medicine

 

The warmer weather picking up in the city has us longing for that summer vacation far from the chaos of the city. Step through a portal into paradise at Wave Hill and find yourself closer to an oasis. The birdsongs, shining sun, and the picturesque landscape of the palisades transports you to a world away from the rush.   

Nature & Wellness

Garden Highlights Walk

Sun, May 17, 1:00PM – 1:30PM 

Free with admission to the grounds    

Registration not required.   

Join a knowledgeable Wave Hill Garden Guide for a leisurely stroll in the gardens. Topics vary by season and the expertise of the Guide; each walk varies with the Guide leading it.

Yoga in the Garden

Sun, May 17, 10:15AM – 11:15AM     

Advanced registration encouraged.   

Root your feet in the grass and look out upon our vistas as you enjoy a gentle yoga class led by Susie Caramanica. All levels welcome; this is a beginner level class that can be modified.

 

Art

Public Gallery Tour

Thu, May 14, 2:00PM – 3:00PM  

Free with admission to the grounds     

Registration not required.   

Solo and group exhibitions at Glyndor Gallery explore the dynamic relationships between nature, culture, and site. Visitors can expect an in-depth look at artworks on view, showcasing the work of both emerging and established artists in the unique context of a public garden.  

David Antonio Cruz: Meet the Artist

Sat, May 16, 2:00PM – 3:00PM  

Free with admission to the grounds     

Registration not required.   

Join us for an artist-led exhibition walk-through in Glyndor Gallery. David Antonio Cruz will discuss the paintings, drawings, and installations he has on view in his solo exhibition. Inconversation with Director of Arts and Chief Curator Gabriel de Guzman, Cruz will describe his creative process and the themes he is engaging in his work. At this event, we will also be celebrating the publication of the catalogue for this exhibition, which will be available to visitors for free. 

Family

Family Art Project: Rainbow Passage

Sat, May 16, 10:00AM – 1:00PM  

Sun, May 17, 10:00AM – 1:00PM   

Free with admission to the grounds     

Registration not required.

Let’s explore the colors of the rainbow. We'll use transparent materials to create bright window hangings that will unveil the incredible world of light. At 11:30am families can enjoy a story time program in the Gund Theater, all ages welcome.

Kids on the Move! Rainbow Dancing

Sun, May 17, 1:00PM – 2:00PM   

Free with admission to the grounds     

Registration not required.

Move through the color of the rainbow! Explore the grounds with guest educator Corinne Flax as you discover all the garden’s different and beautiful colors. After the guided nature walk, move through a series of relaxing and energizing yoga-inspired postures to express the many colors around you. Recommended for ages three to eight.  

HOURS STARTING MARCH 15: 10AM–4:30PM, Tuesday–Sunday  

Shuttle Service free from Subway and Metro-North, Saturday–Sunday

Information at 718.549.3200. On the web at wavehill.org.