Statement from Speaker Julie Menin and Finance Chair Linda Lee on the FY27 Executive Budget

New York, NY - Today, New York City Council Speaker Julie Menin and Council Member Linda Lee, Chair of the Committee on Finance, issued the following joint statement after meeting with Mayor Mamdani on the FY27 Executive Budget:

"We had a productive meeting with Mayor Mamdani on the Executive Budget, and we appreciate that the Administration has moved toward an approach championed by the Council that identifies savings and avoids raising property taxes or raiding reserves.

"While we await a final state budget, we are pleased with Governor Hochul and the state legislature's commitment to providing the City with billions in additional funds and savings. The Council will closely review the Executive Budget and hold oversight hearings over the coming weeks as we work to deliver for hardworking families. We have important work ahead to advance key priorities including affordability, public transit access, and investments in the services New Yorkers rely on every day."

###