FY27 Budget Trade-offs: $1.2B Housing + Education Cuts, CityFHEPS Reined In for $519M Savings, Class-Size Law Delayed, OCS Left Out

Beneath the "no property tax hike" headline are real trade-offs: ~$1.2B in housing+education cuts to plug the remaining gap. CityFHEPS rental-assistance program — expanded by Council in 2023 — will see ~$519M in FY27 savings the administration frames as "addressing chronic underbudgeting and reining in cost growth" via centralized support, emergency-hotel limits, and other tools. Class-size law compliance is delayed by agreement with the state (a fight Mamdani has been pushing since April). The signature Office of Community Safety / proposed Department of Community Safety is notably un-funded in this budget. NYPD held nearly flat: $6.4B → $6.38B. Universal childcare commitment preserved.

• 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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