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Newsfeed Category: Funding

New York City FY27 Executive Budget Summary

May.13.2026

On May 12, 2026, Mayor Mamdani released FY27 Executive Budget, totaling $124.7 billion, up from $115 billion in FY26. After reducing a $12 billion deficit, the Executive Budget is balanced without the proposed property tax increases highlighted in the Preliminary Budget proposal.

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The Network’s Statement in Response to Mayor Mamdani’s Announcement to Invest $12M in Peer-Led Substance Use Recovery Services

May.11.2026

The Network released the following statement in response to Mayor Mamdani’s announcement that the City has secured $12 million to invest in peer-led substance use recovery services.

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The Network Joins HSC’s Human Services Advocacy Day

Mar.11.2026

On March 9th the Network joined the Human Services Council for its Human Services Advocacy Day in Albany. The Network attended six meetings with lawmakers and participated in a press conference and rally at the Senate Chambers.

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The Network’s Statement in Response to the New York State Senate and Assembly One-House Budget Proposals

Mar.10.2026

The Network released the following updated statement on March 13th, in response to the New York State Senate and Assembly one-house budget proposals.

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New York City FY27 Preliminary Budget Summary

Feb.26.2026

On February 17, 2026, Mayor Zohran Mamdani released the City’s FY2027 Preliminary Budget totaling $127 billion. The administration identified a $12 billion inherited budget deficit, attributing it in part to prior underfunding in key areas, including supportive housing. Through a combination of agency savings, use of reserves, increased revenues, and $1.5 billion in additional State support, the City reports that it has reduced the projected deficit to $5.4 billion. To close the remaining gap and balance the adopted budget, the Mayor has proposed a 9.5% property tax increase. The administration has indicated that this increase could be reconsidered if the State authorizes higher taxes on high-income earners and profitable corporations.

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NYS HCR 9% Awards Announced

Feb.18.2026

On February 17th, Governor Kathy Hochul announced more than $240 million in tax credits and subsidies was awarded to create and preserve 1,800 affordable, modern homes in 27 housing developments across New York. Supportive Housing is a component of 17 (63%) of those projects, totaling 504 units. Of those:

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The Network’s Statement in Response to Governor Kathy Hochul’s 2026 State of the State Address and Book

Jan.13.2026

The Governor’s State of the State agenda includes important policy proposals that recognize the essential role supportive housing plays in New York’s housing, health, and homelessness response systems. 

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Mayor Adams and City Council Reach Deal on $115.9 Billion FY26 Adopted Budget

Jul.01.2025

On June 30th, City Council voted to approve the $115.9 billion FY26 Adopted Budget up from $112.4 billion in the FY25 Adopted Budget, and increased from $114.5 billion proposed in the FY26 Preliminary Budget.

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FY 2025-26 Adopted State Budget Analysis

May.15.2025

The FY 25-26 State Budget has passed on May 8th, 2025.  The Network appreciates the support of our key advocacy priorities. Read our statement here.

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City Council Response to the Mayor’s FY26 Preliminary Budget

Apr.08.2025

On April 1, 2025, the New York City Council released its response to the Mayor's FY26 Preliminary Budget, proposing an additional $4.4 billion in expense spending to fill budget gaps, reverse cuts, and boost funding for critical programs. They're also recommending $2.8 billion for capital investments and plan to use a $1.9 billion surplus to meet emerging needs and build up reserves for unexpected risks.

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