Council Speaker Menin and Finance Chair Lee Praise Mamdani FY27 Budget — "Approach Championed by the Council," No Property-Tax Hike, No Reserves Raid

Speaker Julie Menin and Finance Chair Linda Lee issued a joint statement Tuesday after a "productive meeting" with Mayor Mamdani on the Executive Budget. The Council formally credits the administration with adopting an "approach championed by the Council that identifies savings and avoids raising property taxes or raiding reserves." Tone is markedly more collaborative than the Apr 28 PTET joint-letter back-and-forth and the April Council rebuttal. Watch for sticking points: $1.2B of housing+education cuts (CityFHEPS, class-size delay) and the un-funded Department of Community Safety. Council adoption deadline Jun 30; FY27 begins Jul 1.

• keptPied-à-terre tax on $5M+ second homes
• brokenCorporate tax hike ($1.75B/year)
• brokenDouble DCWP budget to $135M
• brokenIncrease Human Rights Commission funding to $21M

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