City Leaders Agree on $98.7 Billion “Recovery Budget”

July 7, 2021

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.