The Metropolis Council accepted the upcoming fiscal 12 months’s funds Monday in an unanimous vote, as the town faces funding threats and the chance of intensified immigration enforcement from President Trump’s “Big Beautiful Bill.”
The election-year funds, at $115.9 billion, is the town’s largest ever and was touted by councilmembers Monday as a approach to “Trump-proof” the town.
“This budget finally includes some things that we’ve been fighting for four years now, to make sure that New Yorkers are okay,” Speaker Adrienne Adams stated at a press convention forward of the vote.
The NYC funds passage got here as lawmakers in Washington, D.C. Monday debated Trump’s proposed funds, which might improve spending on the president’s immigration agenda, give tax breaks to rich households and companies and make heavy cuts to healthcare and diet packages.
“We also made sure that, once again, we have been fiscally responsible to our communities, to our city, and making sure that we are Trump-proofing this city to the best of our ability,” Adams stated.
The town funds contains elevated funding for immigration authorized providers, coming as Trump acts on his hardline deportation agenda.
“On a day when Senate Republicans are passing a horrific funds invoice that provides 10,000 ICE officers to the federal authorities additional criminalizing immigrants throughout America, we in New York Metropolis are defending our immigrant communities, Councilmember Shekar Krishnan stated on the assembly Monday afternoon.
Whereas funds negotiations hit a sticking level over packages for immigrant authorized providers, the funds allocates $74.7 million for immigration packages.
Mayor Adams and the Council have incessantly been at odds throughout funds negotiations in years previous. This 12 months, coming in an election 12 months because the mayor seeks a second time period, glided by extra easily.
Though the 2 sides of Metropolis Corridor clashed on some subjects, with authorized providers for current immigrants a sticking level, the funds has added funding for a lot of areas the mayor has reduce in prior years, together with libraries and childcare.
Mayor Eric Adams and New York Metropolis Council Speaker Adrienne Adams shake palms to announce an settlement to construct on the Fiscal 12 months (FY) 2026 Govt Finances — typically known as the “Best Budget Ever.” Metropolis Corridor. Friday, June 27, 2025. (Ed Reed/Mayoral Pictures Workplace)
“This is, in my opinion, the easiest budget we had to pass, because we knew what we expected from each other and what we needed to deliver, and we were able to accomplish that,” Mayor Adams stated on the announcement of a handshake deal on the funds on Friday night.
Finances watchdogs have warned the town is overspending as a substitute of setting apart cash for the town’s reserves to guard from potential headwinds out of Washington, D.C.
“Instead of putting aside $3 billion to soften the first blows of federal cuts and protect against a future recession, the budget increases spending more than twice the rate of inflation and leaves future budget gaps of more than $9 billion, after accounting for underbudgeted expenses,” Residents Finances Fee President Andrew Rein stated in a press release Friday.
However Council Finance Chair Justin Brannan identified that the town’s reserves are at a record-high $8.45 billion, and stated that, due to the Trump administration’s threats to additional destabilize weak populations, it made sense to allocate more cash to them now.
“We made a conscious decision that right now it is more important to pour money into the communities that need most,” Brannan stated. “We can’t run the city on reserves.”
