New York City's proposed budget for fiscal year 2026 is at risk as it anticipates $7.4 billion in federal aid, making up 6.4% of the total budget. Comptroller Thomas P. DiNapoli has warned that cuts or pauses in federal funding could compromise at least $535 million in support crucial for housing, education, and social services. With federal funding already impacted, the city's reliance on this assistance puts vital programs at risk, particularly hurting the city's most vulnerable communities.
New York City has already been notified of hundreds of millions of dollars in cuts or pauses to federal funding for this year and next, but the full impact of recent actions by Washington is not yet known.
The analysis found that nearly all federal operating funds anticipated by the city could be subject to this review, including key awards for housing, education and social services.
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