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News
NYC Unveils Plan to Tackle Racial Disparities Across the City
1+ week, 4+ day ago (357+ words) New York City has released its first government-wide Racial Equity Plan, establishing eight citywide goals aimed at reducing racial disparities in housing, education, employment, health, transportation, connectivity and the justice system. Mayor Zohran Mamdani and the Mayor’s Office of Equity…...
NYC Budget Shows Higher Costs and Future Gaps
3+ week, 6+ day ago (346+ words) New York City’s $127.8 billion fiscal 2027 budget accurately accounts for recurring expenses but also points to growing budget gaps that could pressure city services in the coming years, according to a report from State Comptroller Thomas P. DiNapoli. The budget, which…...
State, City Leaders Review NYC’s Financial Outlook
4+ week, 1+ day ago (309+ words) Gov. Kathy Hochul chaired the annual New York State Financial Control Board meeting on Aug. 12 in New York City, where she and Mayor Mamdani discussed the city's budget and efforts to strengthen its financial stability. The meeting marked Mamdani’s first…...
NYC Mayor And City Council Reach Handshake Budget Deal
2+ mon, 1+ week ago (202+ words) New York City Mayor Zohran Mamdani and the City Council on Tuesday reached a preliminary handshake deal on a $125.8 billion Fiscal Year 2027 budget. The budget includes an expansion of the CityFHEPS program, a rental assistance initiative that can possibly reach…...
NY State Budget Deal Includes a Pied-à-Terre Tax
4+ mon, 5+ day ago (325+ words) Governor Kathy Hochul on Thursday said an agreement has been reached with legislative leaders on key priorities of the $268 billion fiscal year 2027 state budget that includes a pied-à-terre tax program. Five weeks late, the proposed budget includes funding for childcare,…...