FPWA Analysis | Budget Watch

FY 2026
NYC Adopted Budget Analysis

Purpose 

With increasing uncertainty about NYC’s funding for critical government services, FPWA aims to ensure that our members, and the wider nonprofit community, understand the City’s budget and have the tools to advocate for a better future. 

FPWA believes that the City’s budget must center economic security for all New Yorkers. Economic Security is when households have enough resources to pay for all the goods and services necessary to fully participate in today’s economy and society without cutting back, as well as save money for emergencies and the future.  

Through FPWA’s NYC Budget Watch series, advocates can stay up to date on the latest budget negotiations. The series provides facts and figures on the budget, with a special focus on what it all means for human services delivery and economic security. 

In this special report, FPWA analyzes the Adopted Budget issued by the Mayor on June 30, 2025. 

What is the Adopted Budget? 

The Adopted Budget sets out the City’s spending plan for the next fiscal year. The City reaches this agreement after six months of negotiations between the Mayor and the Council, which seeks to ensure funding for spending priorities while delivering a balanced budget.

A Road Forward to an Uncertain Future 

On June 30, the Mayor and City Council adopted the City’s spending plan for the next fiscal year, “FY26”. At $115.9 billion, the Adopted Budget boosts investments in early childhood education programs, legal assistance for immigrants, and mental health supports.  

At the same time, the FY26 Budget leaves funding gaps for critical services. Funding for rental assistance, and cash assistance remains underfunded.

Adding to these funding gaps is a sustained, multi-year disinvestment in New York City by state—and especially federal—sources. While the recent federal budget reconciliation has rightly drawn concern and attention, the underlying disinvestment in New York City is not new.

This disinvestment is occurring on several fronts:

  1. Long-term decline: As tracked in our NYC Funds Tracker, federal grants to the City fell by 15.2% between 2011 and 2019.
  2. Projected losses this year: The City anticipates a further drop in grant funding this fiscal year—$1.9 billion less from the state and $3.6 billion less from the federal government.
  3. New federal cuts ahead: These projections do not reflect the recently passed federal budget reconciliation, which is expected to further reduce support through cuts to programs like Medicaid and SNAP—coming on top of the elimination of over 7,700 housing vouchers.

In light of these ongoing funding challenges, we continue urging the City to strengthen its own revenue streams and better prepare for fiscal uncertainty. Although the City has taken some steps, such as prepaying expenses for future budgets, it is missing the opportunity to build more robust reserves in anticipation of deeper cuts ahead.

The FY26 budget is also handed down amidst an affordability crisis. Lack of affordability means many families are struggling to afford the cost of their basic needs. However, we also know that a greater number, 62% of New York City residents are also economically insecure. While they may be able to afford basic needs, they are lacking the resources they need to meet rising costs while saving for the future.  

The City’s budget should serve as a blueprint for how it plans to address the growing fiscal crisis and help New Yorkers. To this end, this edition of NYC Budget Watch takes a closer look at how the FY26 Adopted Budget will likely impact the economic security of struggling New Yorkers. We examine how the City plans to maintain its own fiscal stability, and to provide support, albeit less than adequate, to human service providers and NYC households. In addition, we include a special deep-dive into the federal policies that could threaten New Yorkers and the City’s fiscal health, and consider what these dynamics mean for the future.

We explore the FY26 Adopted Budget across five main domains: 

Assessing the City’s Fiscal Situation
Resources for City Agencies
Bringing Down Household Costs
Increasing Household Resources
Special Deep-Dive: Impact of Federal Cuts

Assessing the City’s Fiscal Situation

Fiscal snapshot 

The City’s sound fiscal standing is vital for ensuring it can fund the services on which New Yorkers rely. The FY26 Budget comes at a time when the City is experiencing increased uncertainty about the economy and its own revenue streams. National policies, including immigration policies, tariffs, and spending changes, risk spurring an economic downturn. This may threaten the stability of the City’s revenue base.

Nonetheless, the City exceeded its expected revenue projections last year, taking in over $120.8 B in FY25, and is expecting further growth in FY26.

The FY26 $115.9 billion budget exceeds the previous year’s adopted budget by over $3.5 B, which is largely in line with inflation.

The Adopted Budget is balanced for FY26 and projects out-year gaps of about 4.5% of expenditure. Out-year budget gaps are the difference between projected expenditures and revenues in future fiscal years. These out-year gaps are standard for New York City and largely reflect conservative estimates of future revenue. Actual revenue typically exceeds these forecasts, allowing the City to close the gaps and maintain a balanced budget each year.

Decreased federal and state aid put the City at risk 

The City expects to receive billions less in federal and state grants in FY26 compared to the previous fiscal year. In FY26, these grants make up 6.5% (Federal) and 16.4% (State) of the City’s total expected revenue, down from 10% (Federal) and 17% (State) respectively, last year.  

This decline is not due to the recent federal budget reconciliation, but reflects the expiration of time-limited grants, a looming threat we have long been sounding the alarm on through our NYC Funds Tracker. A large portion of the decrease is from reduction in COVID-19 and FEMA funding.

While the reduction in funding is already concerning, the FY26 Adopted budget does not reflect the total potential loss of federal support that the City will endure over the coming years.

Ensuring the City can weather federal funding decreases 

In preparation for an expected decrease in federal and state grants, the City has used its strong fiscal position in FY25 to supplement FY26 spending. The City was able to use higher than expected FY25 revenue to prepay for $3.7B in FY26. This, as well as a forecast increase in City revenue, capital budget inter-fund agreements, and categorical grants, is enough to offset the expected state and federal grant reductions in FY26.

Still, risks to fiscal stability remain.

The budget agreement adds nothing to the Rainy-Day Fund or the General Reserve, two reserves through which resources are set aside for unexpected, unplanned uses. Reserves are generally accepted as an important tool for preparing for fiscal uncertainty, as they permit governments to avoid service cuts in an emergency or crisis.

While, as mentioned above, $3.7 B was carried over from the FY25 budget to support FY26 spending, the City’s ability to sustain similar outyear funding levels, two or three years out, remains uncertain. Moreover, in the event of an economic downturn, the City may be unable to generate sufficient revenue to meet its commitments. This risk further is compounded by federal cuts to Medicaid and SNAP, which will take effect in the coming years. More information about these cuts can be found in the ‘Impact of Federal Cuts’ section of this report.

Despite this fiscal uncertainty, the City was able to increase funding to some of the key city agencies as part of the FY26 Adopted Budget. Still, the City failed to increase funding to the agencies working to address New Yorkers greatest cost of living challenges. 

Resources for City Agencies

Through the budget process, the City advances its policy priorities by funding its agencies. Exploring City spending by category provides a bird’s eye view of how the City has allocated this funding.

Spending by category 

Compared to FY25 spending, almost all categories of spending saw an increase in funding, with the exception of health and housing.

Health and housing saw declines in the FY26 budget, at -24% and -17% respectively. We are particularly concerned by this because of the already high costs for families and the impending impact of recently passed federal budget cuts. According to the True Cost of Economic Security (TCES) measure—a comprehensive framework that assesses whether families have the resources not just to get by, but to truly thrivehealthcare and housing are the two largest expenses for households in New York City, together accounting for 50% of total household resources. 

By contrast, City Universities, Parks, and Education saw the biggest increases in funding compared to the prior year.

Staffing 

The City will also increase its staffing by over 2,000 employees between 2025 and 2026, an important step towards ensuring its agencies are fully staffed and able to serve all New Yorkers.

Agency staffing is important for the timely and effective delivery of services, for example for ensuring non-profits are paid on time and timely processing of applications for assistance.

Funding by agency 

Next, we compare FY26 funding to both the funding level that was allocated as part of the FY25 budget, as well as actual spending for FY25. Doing so allows the most realistic assessment of the allocated funding levels.

As shown, the City allocated increased funding to many human services agencies in this year’s Adopted Budget compared to last year’s. However, when comparing the FY26 Adopted Budget to what was actually spent in FY25 Fiscal Year (“FY25 Spent”), funding gaps appears.

As shown above, the year-over-year changes vary depending on the metric used. While most agencies received an increase in funding compared to the FY25 Adopted Budget, many are still budgeted below their actual spending in FY25. This is because the City routinely adjusts spending upwards throughout the year as additional revenue becomes available, from either its own revenue streams or from the state and federal governments. However, due to changes in federal spending, these supplemental funds may not materialize this year, causing potential decreases in actual spending. We will continue to monitor this closely through future editions of NYC Budget Watch.

In addition to direct funding of human services agencies, this budget supports non-profit organizations through a 32% boost in funding for the Mayor’s Office of Contract Services (MOCS). MOCS facilitates the payment of non-profit providers hired by city agencies; with more funding, MOCS can ensure these providers are paid for services at market rates and without delays.

Overall, we were pleased to see this budget invest in human services agencies, but we will closely monitor whether additional funding becomes available throughout the year and is received by nonprofits in a timely fashion.

Bringing Down Household Costs

In addition to the funding that goes to City agencies, the budget also includes policies that directly impact households’ economic security. These policies are explored in the next two sections by analyzing the impact of the budget on household costs and household resources.

Household costs 

New York City’s cost-of-living crisis has several drivers, and different types of families experience these pressures in distinct ways.

One cost that affects virtually every New York City household is housing, which is roughly twice the national median and is the single largest cost for all types of families. Nationally, for the median family with children, housing costs consume about 15 percent of annual resources. In New York City, it’s nearly twice that at 28 percent.

For New York City households with children, childcare is another major cost burden, taking up roughly 14 percent of annual resources. Taken together, housing and childcare account for 42 percent of these households’ annual resources – an enormous share that helps explain why nearly three-quarters of those families are economically insecure.

The following section outlines how the FY26 Adopted Budget addresses these and other costs.

Child care 

Child care costs pose an immense burden for families with children. According to the TCES measure, childcare is the third biggest cost facing households in New York City. On average, a family will spend over $17,000 per year on childcare expenses, representing almost 14% of their family resources.

Nearly three-quarters (72%) of New York City families with children lack the resources to meet the True Cost of Economic Security, rising to an unconscionable 91 percent for single-parent households. 67 percent of three-generation households (those with at least one child and one adult over 65) are also economically insecure. The median New York City household with children faces annual costs of over $165,000 ($30,000 higher than the national median for such households). 

With this in mind, we are pleased by the City’s support of early childhood education programs in the FY26 Adopted Budget. The budget baselines $112 million in funding for 3-K and Pre-K, meaning the City has committed to maintaining this level of funding in future years. The City also baselined preschool special education classes ($55 million) and full-day early childhood education seats ($25 million), programs that provide care to high-need communities. This will provide more stability for these childhood education programs, enabling them to reach New Yorkers, provide enrichment to children, and unburden families struggling to provide childcare. 

While not baselined, we are also pleased to see funding for childcare vouchers, infant and toddler care, early childhood education outreach, and Promise NYC included in the final budget. Through a combination of city and state funds, $423.4 million will be available for ACS Childcare Vouchers, a critical subsidy program that offsets a portion of childcare costs.  

However, funding risks remain. The City allocated $812.5 M to Head Start and Daycare programs, representing an almost 70% increase from the FY25 Adopted Budget. Yet, this falls far below what the City spent in FY25. If post-budget federal and state funding for this program does not materialize, these programs will see a 46% reduction in funding, compared to the prior year. After School programs are also facing a year-over-year decrease in funding.

Affordable housing 

According to TCES, housing is the top expense for families in New York City, comprising almost 30% of total family resources. Unfortunately, funding for supportive housing decreased in this year’s budget.

Compared to FY25 Spent, City Assistance to the NYC Housing Authority (NYCHA) declined by 34%. NYCHA is a public housing authority and administers the federally funded rental assistance program that provides rental vouchers to low- and middle-income families. The City provides its own support for the program through the Department of Housing Preservation and Development (HPD). This funding is used, in part, to improve management of, and placement into, housing. NYCHA faces various challenges, including long turnaround time of vacant units. With a decrease in funding, NYCHA may not be able to improve upon these inefficiencies, hindering the City’s ability to provide affordable housing.

Emergency Shelter Operations and Shelter Intake and Program may also receive less funding in FY26 than was spent in FY25. Both programs help the City provide temporary shelter for New Yorkers facing homelessness, yet face a 50% and 20% funding reduction, respectively. The decrease in funding for these programs can be attributed in large part to nearly $1 B dollars in Asylum Seeker savings found in FY26. 

Medical needs 

According to TCES, healthcare is the second biggest expense for NYC households, accounting for 22% of median resources. Given the cuts enacted in the Federal budget resolution, it is particularly important that the City do its part to ensure that New Yorkers can access the healthcare they need.

The FY26 Adopted budget kept funding for Medical Assistance relatively stable compared to FY25 levels. Medical Assistance reflects the City’s contribution to Medicaid spending.

The importance of this funding will only grow in future years as the impacts of cuts to Medicaid are felt by New Yorkers – most of the impact of the passed reconciliation on Medicaid becomes effective Dec 2026 or Jan 2027, including the work requirements and restrictions on immigrant populations.

Food 

Food security, or the ability to access nutritionally adequate food, remains a persistent problem in New York City. Food represents almost 12% of household resources in New York City, according to the TCES measure. According to the Mayor’s Office of Food Policy, almost 15% of New York City households are food insecure. In some communities, up to 36% of households are food insecure.  

The Supplemental Nutrition Assistance Program (SNAP) is the largest food assistance program in the country and provides monthly food assistance to 1.8 million New York City residents. This program is funded through a combination of federal and state assistance and, as discussed in the ‘Impact of Federal Cuts’ section, is facing cuts as part of the recently passed budget reconciliation. With federal cuts to SNAP, the City’s own food support programs will only face more demand.

This budget does not go far enough to invest in City initiatives that support food security. We applaud the new investment of $15 million for the Feeding Our Communities initiative, which will provide monetary support to local food pantries and soup kitchens for the purchase of food and equipment, and the addition of  $11 million for nutritional education, benefits outreach, and school pantries. However, this budget fails to increase funding for Community Food Connections, which provides funding to over 700 food pantries. While the budget restored $36 million in cuts, the program needs at least $100 million to fully serve New Yorkers.

Increasing Household Resources

TCES tells us that it is a lack of resources rather than high costs that is the main driver of economic insecurity, both nationally and here in New York City. In this context, the City should be using the budget as a tool to increase the resources of New Yorkers.

The City has the most direct control over wages of City employees, and also has a say in wages through contracts for services delivered on its behalf (including human services), and through providing education and training programs that enable individuals to find higher paying work. The City also has a role in wage setting for public assistance programs for people who find themselves out of work.

The FY26 Adopted Budget was a missed opportunity for the City to increase household resources for hundreds of thousands of New Yorkers.

Wages 

As the predominant funder of human services, the City is also the primary driver of human services salaries. The human services contract workforce employs over 80,000 workers and is staffed predominately by workers of color (75 percent) and women (70 percent). Human service workers make between 20-35 percent less in median annual wages and benefits than comparable public and private sector workers.

While recent actions, such as the 2019 salary parity agreement in early childhood education and the 2024 cost-of-living (COLA) increases, represent progress, substantial pay disparities remain. Instead of having to fight for meager COLAs every few years, we call on the City to align pay for human services workers with City agency job titles to ensure parity with public sector employees performing comparable work.

Protecting New Yorkers from occupational segregation

The New York City Commission on Human Rights (CCHR) is the City agency responsible for enforcing the New York City Human Rights Law (NYCHRL) – one of the most comprehensive civil rights laws in the country. It has a key role in prohibiting discrimination and other illegal employment practices, such as wage theft.

When adjusted for inflation, funding for the agency has steeply decreased by 29% since fiscal year 2019. In 2024, the average age of a complaint at CCHR was 593 days, with 40% of complaints being closed without ever being resolved. We called on the City to restore these steep budget to help address the backlog of cases. Instead, the City provided only a modest increase in funding to $15.4 million. Without adequate staff or funding, people whose rights to fair and equitable pay will continue to fall through the cracks. Discrimination in work can cost someone their job, income or home. If people can’t enforce their rights, their economic security is at risk.

Public assistance 

Even before the impact of recent federal cuts, the City was already facing deep cuts in public assistance federal and state aid for FY26.

Support for Asylum Seeker Support faces the biggest funding decrease in percentage terms while Safety-Net assistance, which is used to provide cash assistance to individuals not eligible for family assistance, faces the biggest cut in absolute dollar terms.

When the City’s own funding sources are taken into account, funding for public assistance programs is relatively flat compared to FY25 Adopted Budget levels but is a third less than actual spending in FY25.  

Despite these concerning trends in funding, one small win for cash assistance from the FY26 Adopted Budget was the addition of new Terms and Conditions that require reporting on cash assistance and SNAP staffing, caseload and applications. We have long sounded the alarm on long processing times and arduous application processes for public assistance. We hope the inclusion of these Terms and Conditions can highlight this issue and be a step towards improving these processes.

Special Deep-Dive: Impact of Federal Cuts

FPWA has long warned of the impact of stagnating federal funds to New York City through our NYC Funds Tracker.

Above, we have further outlined expected decreases in federal and state funds that the City is facing as part of this year’s Adopted Budget.

Now, the City is expected to be hit further by federal funding reductions.

On July 4, 2025, President Trump signed into law a wide-ranging federal budget reconciliation bill. The bill delivers significant tax cuts to the wealthy at the expense of working families across the country. Deep reductions in federal support for Medicaid, SNAP, and state and local aid are particularly alarming for New York City, where 4 million people rely on Medicaid and 1.8 million receive SNAP.

Human services agencies are particularly vulnerable to the impact of federal cuts, with some agencies relying on federal funds for over 40% of their budgets.

The following sections detail the policies codified in the federal budget, the anticipated effects on New Yorkers, and strategies the City can take to mitigate adverse impacts.

We know from the True Cost of Economic Security report that healthcare is the second biggest cost facing households in New York City. For millions of these households, Medicaid provides vital resources to meet these needs.

The federal budget law restricts New Yorkers’ access to Medicaid by imposing work requirements, introducing burdensome paperwork requirements, and limiting enrollment eligibility. Beginning in 2027, Medicaid recipients aged 19-64 will be required to work 80 hours per month, or else lose their benefits. At the same time, New York will also require recipients to prove their eligibility every six months, up from the current annual review. While most Medicaid recipients already work, the reporting and paperwork requirements could cause 1.3 million New York State residents to lose coverage. Furthermore, starting in October of 2026, the law strips “unqualified”[1]  immigrants of Medicaid eligibility. In October 2028, New York will be required to impose co-pays on Medicaid recipients above the federal poverty level; this could impact New Yorkers earning as little as $16,000 per year. These changes amount to a deliberate attempt to make the Medicaid program more punitive and more difficult to access. We know through our groundbreaking ‘Rewriting the Story’ report that changes such as these do not lead to better employment outcomes, and only serve to plunge participants further into economic insecurity and poor health.

The changes in the law further impact New York’s ability to fund Medicaid programs and keep hospitals open, starting as soon as this year. New York currently uses a variety of strategies, including provider taxes and state-directed payments, to increase federal matched funding and pay providers that serve large numbers of Medicaid and Medicare recipients and often struggle financially. However, the federal budget law reduces New York’s ability to use these strategies to raise funds and pay providers, potentially costing the state almost $7 billion in just two years. The state will also face an additional $564 million per year in new administrative costs.

New York City Health + Hospitals (H+H), the City’s public hospital system, is particularly threatened by these funding cuts. Over 70% of H+H patients rely on Medicaid or have no insurance. With fewer Medicaid patients, less government funding, and lower payment rates, H+H Hospitals, which already operate under narrow margins, will be at risk of closure and reduced services.

[1] Qualified immigrants for the purposes of Medicaid or CHIP eligibility include: legal permanent residents, certain Cuban and Haitian immigrants, citizens of the Freely Associated States (COFA migrants) lawfully residing in the US, and lawfully residing children and pregnant adults in states that cover them under the ICHIA option.

The Essential Plan is an Affordable Care Act (ACA) health program that provides health insurance to 1.6 million New Yorkers with incomes up to 250% of the Federal Poverty Level. Other New Yorkers get subsidized insurance through Qualified Health Plans. Yet, changes to ACA funding and regulations threaten coverage for almost 800,000 of those recipients. The budget law increases verification requirements starting in 2028, making it harder for people to enroll and renew their coverage. Beginning in 2027, the law eliminates eligibility for subsidized coverage for many lawfully present immigrants, including asylees, refugees, people with Temporary Protected Status, and Deferred Action for Childhood Arrivals (DACA) recipients. This will make it impossible for hundreds of thousands of New Yorkers across the state to afford health insurance. Overall, these changes will cost the State an estimated $10 billion.

Furthermore, the law fails to renew the enhanced ACA tax credit, which lowers monthly health insurance payments. If these are not renewed by the end of the year, premiums will increase by approximately 38% for low-income individuals and families in New York City, starting in 2026.

SNAP provides vital resources to New Yorkers to purchase food, helping to offset the $14,600 cost that the median household in New York City faces each year.

The federal budget law threatens SNAP benefits for the 1.8 million New York City residents who rely on the program to help them purchase food. Federal changes worsen the already burdensome SNAP eligibility requirements by extending work requirements and taking away access from many lawfully present immigrants. This provision, which takes effect immediately but may face delayed implementation, could cause 1.7 million families in New York State to lose some or all of their benefits. The law also prevents updates to how SNAP benefits are calculated, which will reduce the value of future benefits. Many SNAP-reliant families are projected to lose, on average, over $2,200 per year.

The law will burden New York State with higher costs. Historically, the cost of SNAP benefits has been fully funded by the federal government, with states and the federal government each covering 50% of the administrative cost. However, by as soon as FY 2028, the State will be required to cover up to 15% of SNAP benefit costs. It will also be responsible for 75% of administrative costs. Together, these changes will cost New York State an estimated $1.4 billion per year. If New York is unable to fund its portion of SNAP benefit payments, this may cause even more people to lose their benefits.

Taxes 

The tax provisions in the federal budget law, which extend the 2017 Tax Cuts and Jobs Act and increase the cap on state and local tax deductions, benefit the top earners at the expense of the majority. In New York, 69% of the tax cuts will go to the top 20% of earners in the state. Meanwhile, the bottom 40% of earners (those earning less than $58,000 per year) will only see 6% of the tax benefit. In doing so, this budget puts economic security out-of-reach for an ever-expanding portion of New Yorkers.

The federal budget includes one small win for a portion of working New Yorkers: it permanently increases the Child Tax Credit to $2,200 per child. However, the law also requires parents to have a Social Security Number to qualify for the credit. As a result, 226,000 children in New York will lose eligibility to the tax credit. Furthermore, the law fails to make the Child Tax Credit fully refundable. In 2021, full refundability allowed families with little or no income tax liability to receive the entire credit as a payment. Under the new law, these families receive only a partial amount, perpetuating an ongoing injustice: those who need the support most are denied full access to it. 

How NYC Can Prepare 

The potential consequences of the federal bill are severe: millions of New Yorkers could lose access to health care, food assistance, and other essential benefits. However, many of the proposed changes will not take effect for several years. The City should use this time to prepare, reinforce its human service programs, and seek alternative sources of funding. Specifically:

  1. Support NYC’s public hospitals to ensure continued operation. NYC H+H will likely lose a significant portion of its revenue because of the budget law. To prepare, the City should shore up funds to ensure public hospitals remain open and accessible to low-income New Yorkers.
  2. Increase funding for food banks and other food service providers. The loss of SNAP benefits will push many New Yorkers to rely on food banks for consistent meals. However, NYC’s food banks are not prepared to keep up with the anticipated surge in demand. The City must ensure that food banks and other food provision services, including Community Food Connection, Groceries to Go, and the Food Retail Expansion Program to Support Health (FRESH), are fully funded ahead of a worsening food security crisis.
  3. Support our immigrant communities. Many of the provisions in the budget law unfairly strip healthcare, food assistance, and tax credits from lawfully residing immigrants. The City must continue to fight for these populations through local programs that provide additional food, health, and cash support.
  4. Bolster infrastructure for processing benefits and supports. The impending SNAP and Medicaid work requirements will increase administrative burdens, creating more barriers for eligible New Yorkers to access their benefits and care. The City should expand its capacity to process these requirements efficiently and assist residents in navigating them. Doing so will help ensure that no one is left behind due to red tape.
  5. Work with Albany to ensure continued State funding for these critical programs. SNAP and Medicaid funding flows through New York State. City leaders must call upon the State to ensure that SNAP remains fully funded, even in the face of higher costs.

Conclusion 

The FY26 Adopted Budget reflects both progress and peril.

While we commend the City for making critical investments in early childhood education, mental health, and legal services for immigrants, these steps forward are met with troubling gaps in funding for housing, food, childcare, and direct cash support—core services that contribute to economic security for millions of New Yorkers.

These challenges are further compounded by a long-term decline in state and federal support, soon to be accelerated by the recently enacted federal budget law. With deep cuts to Medicaid and SNAP on the horizon, and a tax policy that favors the wealthy at the expense of working families, New York City faces challenges that could easily overwhelm the hard-fought gains made in this year’s budget.

However, the City still has time—and tools—to prepare. Many of the federal changes do not come into effect until 2026 and 2027. Strengthening reserves, reinforcing human services infrastructure, bolstering programs that protect low-income and immigrant communities, and advocating for sustained state investment must remain top priorities. At the same time New Yorkers must continue to make their voices heard that they do not stand for cuts to these programs. FPWA will continue to monitor progress on these fronts through future editions of NYC Budget Watch and fight to protect the economic security of all New Yorkers.

NYC Funds Tracker Dashboard and Analysis

The interactive open data dashboard helps you visualize and track the city budget, with a specific focus on the critical human services funding we rely on.

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