Mamdani Announces $1.7 Billion in Agency Savings Through Chief Savings Officers

City agencies identified over $1.7 billion in potential savings for fiscal years 2026-2027, including reducing consultant contracts, eliminating waste, and auditing employee health benefits. The savings plan targets 1.5% cuts in FY26 and 2.5% in FY27.

• 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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