Government ❯ Politics ❯ Local Government ❯ City Governance

Budget Management

Mamdani Seeks Albany OK for 2% Millionaires Tax as NYC Deficit Recalculated to $7 Billion

State approval remains uncertain because Governor Kathy Hochul has rejected raising income taxes.

Mamdani Presses Tax Hikes to Close NYC’s $12B Gap, Warns of Cuts if Albany Won’t Help

Chicago School Board Passes CPS Budget Without Pension Guarantee, Deepening City’s 2026 Deficit

Illinois Legislature Adjourns Without Transit Funding, Agencies Brace for Cuts