Government ❯ Politics ❯ Local Government ❯ City Governance

Budget Management

Mamdani Presents Budget That Closes $12 Billion Gap Without Raising Property Taxes

The mayor balanced his FY2027 plan by using state aid, a new pied‑à‑terre surcharge, agency savings, and deferred pension payments while key approvals and reviews remain unresolved.

27 ARTICLES

7mo ago

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

40 ARTICLES

8mo ago

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

14 ARTICLES

last yr.

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

6 ARTICLES

last yr.

Illinois Legislature Adjourns Without Transit Funding, Agencies Brace for Cuts