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Mayor de Blasio Releases His Preliminary Budget for Fiscal Year 2017

Categories: Funding, New York City

01.25.2016

The $82.1 billion plan includes initial funding for the City’s 15,000 units of supportive housing over the next 15 years.

Last week, Mayor de Blasio released his preliminary budget for Fiscal Year 2017. The $82.1 billion plan includes initial funding for the City’s 15,000 units of supportive housing over the next 15 years. The key areas impacting the supportive housing community include:

Human Resources Administration (HRA):

Department of Homeless Services (DHS):

Housing, Preservation & Development (HPD):

HPD maintains a steady capital commitment for supportive housing development in the Capital Commitment Plan budget which runs through FY’20. A more detailed analysis will be provided after the release of the Executive Budget

Department of Youth & Community Development (DYCD):

Other Highlights:

Next Steps in the Budget Process:

The City Council will begin budget hearings on the Mayor’s preliminary budget which usually begin in March. At the end of the budget hearings process, the Council will then publish its Preliminary Budget Response which outlines the Council’s priorities and the changes the Council would like to see in the budget. Following the adoption of the state budget, the Mayor will submit his Executive Budget in either late April or May and the Council will hold another round of budget hearings. The Council then amends the budget and adopts the Executive Budget by the end of the fiscal year, June 30th. The new FY’17 budget begins on July 1st.

If you have any questions or would like more information about the city budget, please email or call Edline Jacquet at (646) 619-9646.

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