🔴 LIVE: Speaker Menin and Finance Chair Linda Lee Discuss FY2027 Preliminary Budget Response

New York City Council · April 2, 2026

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Opening: Council releases budget response and identifies shortfall

Presentation

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Speaker Johnson opened the press conference to present the Councils official response to the mayors preliminary budget, saying the Council has identified roughly a $6 billion funding shortfall (including $1.1 billion in last-year Council priorities excluded from the administrations plan) and pledging to close it without raising property taxes, cutting critical services, or drawing down the rainy day fund.

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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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Transcript

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