Mamdani and Menin Formally Delay NYC Executive Budget to At Least May 12, Citing Albany Stalemate

Mayor Mamdani and OMB Director Jessica Menin confirmed Tuesday morning they will not release the NYC executive budget on the Charter-mandated May 1 deadline. The new target is at least May 12, with the administration citing the still-unsettled state budget — now four weeks late — and the inability to model major state-funded line items including Medicaid, education aid, and the FY26 PTET reform the city is asking for. Hochul fired back through her spokesperson: "Delays are a choice." Comptroller Levine warned the slip raises the risk of a Council overrun into June and may complicate cash-flow planning. The May 12 target is the latest modern-era exec budget release for NYC.

• 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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