Mamdani Releases $124B Budget Plan, Closes Funding Gap After Fears of Property Tax Hike

Mamdani releases $124B budget plan, closes funding gap after fears of property tax hike

STATEN ISLAND, N.Y. — Mayor Zohran Mamdani unveiled a $124.7 billion executive budget plan for fiscal year 2027 on Tuesday, closing a $12 billion budget gap while expanding investments in housing, child care and public services.

Mayor Mamdani unveils executive budget proposal

The budget is not final until the City Council votes to approve it.

Mayor Mamdani releases Fiscal Year 2027 budget, which blends savings, new tax revenues and investments

MAYOR ZOHRAN MAMDANI RELEASED A $124.7 BILLION BUDGET for Fiscal Year 2027 on Tuesday afternoon just before 2:30 p.m. The post Mayor Mamdani releases Fiscal Year 2027 budget, which blends savings, new tax revenues and investments   appeared first on Brooklyn Eagle.