🔴 LIVE: Speaker Menin and Finance Chair Linda Lee Discuss FY2027 Preliminary Budget Response
New York City Council · April 2, 2026
The New York City Council released its official response to the mayor's preliminary budget, outlining an approximately $6 billion shortfall and a plan to close it without raising property taxes, cutting critical services, or tapping the rainy day fund; Council leaders highlighted savings from unfilled positions, contract reviews and targeted revenue adjustments while flagging priorities such as Fair Fares and NYC Kids Rise.
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