Fox 5 New York
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Mayor Mamdani unveils $124.7 billion NYC budget plan
Posted
May 13, 2026
Views
5,421
Likes
54
Comments
151
Engagement
3.78%
May 13, 2026
5,421
54
151
3.78%
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3:28Now PlayingMayor Mamdani released his $124.7 billion New York City budget proposal for 2027, outlining investments in libraries, parks, public transit, education, child care, public safety, sanitation and mental health services. The plan avoids a proposed property tax hike and relies in part on state support, including a tax on second homes worth more than $5 million.
Critics warn some parts of the plan could create fiscal challenges down the line, while the administration says the budget puts the city on firmer financial footing.
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