The New York City Council unanimously approved a $116 billion budget for fiscal year 2026, prioritizing service spending over cuts. Despite praise for improvements attributed to City Council advocacy, concerns arose regarding insufficient allocations to the Rainy Day Fund and General Reserve, increasing vulnerabilities to potential federal funding cuts. Comptroller Brad Lander warned about the dangers posed by the Trump Administration, particularly regarding healthcare and social services that could impact residents' rights and wellbeing. Additionally, discussions included proposed cuts to the Housing Choice Voucher Program that assists low- and moderate-income families.
Comptroller Brad Lander expressed concern that the budget's lack of allocation to the city's Rainy Day Fund and General Reserve leaves New York City vulnerable to federal funding cuts.
While the FY26 budget agreement includes some improvements, it still leaves New York City far too vulnerable to Trump's ongoing assaults.
The Senate approved President Trump's Big, Beautiful reconciliation bill with a tie-breaking vote, which seeks to eliminate health care coverage and social services.
Trump has proposed ending the Housing Choice Voucher Program, which provides housing assistance to low- and moderate-income families renting housing in the private market.
#new-york-city-budget #fiscal-year-2026 #mayor-eric-adams #funding-vulnerabilities #housing-assistance
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