Mamdani Budget Includes $1.77 Billion in Agency Savings Through 'Chief Savings Officers' Program

The mayor ordered every agency to appoint Chief Savings Officers who identified $1.77 billion in gap-closing savings across fiscal years 2026-2027. Additional savings come from addressing inefficiencies in programs like CityFHEPS housing vouchers and special education services, plus pension payment restructuring that delays obligations until 2037.

• 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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