The City Council has passed a $98.7 billion budget for fiscal year 2022—the largest in the City’s history—buoyed by $14 billion in Federal aid. Mayor Bill de Blasio and Council Speaker Johnson hailed the budget as a significant investment in New York City’s recovery. The budget restores many City programs to pre-pandemic levels and makes further investments, particularly in education. It also includes funding for the City’s vaccination campaign, the life sciences industry, and mental health programs like crisis response and mobile treatment teams.
City Leaders Agree on $98.7 Billion “Recovery Budget”
July 7, 2021
Mayor Adams and City Council Focus on City Budget
Mayor Eric Adams released his formal proposed budget for fiscal year 2023 on April 26. City agencies involved in pandemic response have a smaller total pool of funding compared to last year now that Federal relief funding no longer available. However, the proposed budget includes $1.3 billion in new capital funding for health- and hospital-related...
May 17, 2022
City Council Holds Preliminary Budget Hearings
The New York City Council is holding preliminary budget hearings to examine and provide feedback on the Mayor’s proposed budget. The Committee on Health and the Committee on Mental Health, Disability and Addictions held a joint hearing on Wednesday to examine the budget’s health-related funding and provisions. Department of Health and Mental Hygiene Commissioner (DOHMH)...
March 14, 2022
Mayor Adams Releases First Budget Proposal
On Wednesday, Mayor Eric Adams released his first preliminary budget proposal for fiscal year 2023. The $98.5 billion proposal is slightly lower than last year’s $98.7 billion adopted budget. The proposal closes a nearly $3 billion budget gap primarily through a “Program to Eliminate the Gap (PEG)”. The PEG debuted last month when the Mayor...
February 22, 2022