Announced $1.5 Billion State Aid Package with Governor Hochul
EventMayor Mamdani and Governor Hochul announced a $1.5 billion state aid package over two fiscal years to address New York City's fiscal challenges. The funding includes $1 billion in City Fiscal Year 2026 and $510 million in CFY 2027, with $510 million in recurring funding. The aid covers $300 million for youth programming, $150 million in restored sales tax receipts, $60 million for public health, and $500 million for shared priorities.