Mayor Releases $124.7 Billion Executive Budget Without Tax Hikes

Mamdani released the FY 2027 Executive Budget, officially closing the $12 billion deficit inherited from the previous administration through aggressive savings and state partnership. The budget balances without raising property taxes or slashing services, while making record investments in NYCHA and affordable housing.

• 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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