Mayor Zohran Mamdani Announces Balanced $124.7 Billion Executive Budget for Fiscal Year 2027

Mamdani closed a projected $12 billion deficit without raising property taxes, cutting services, or using reserve funds, relying instead on state aid, agency savings, and pension payment restructuring.

• brokenCorporate tax hike ($1.75B/year)
• keptPied-à-terre tax on $5M+ second homes
• brokenDouble DCWP budget to $135M
• brokenIncrease Human Rights Commission funding to $21M