Elizabeth Kim, Gothamist and WNYC reporter, reports on the budget deal reached by the mayor and city council.

Photo: Handshake agreement on a balanced $125.8 billion Fiscal Year (FY) 2027 budget. Mayor Zohran Kwame Mamdani, City Council Speaker Julie Menin, Council Finance Chair Linda Lee, Director of the Mayor’s Office of Management and Budget Sherif Soliman and members of the City Council today announce a handshake agreement on a balanced $125.8 billion Fiscal Year (FY) 2027 budget. City Hall. Tuesday, June 30, 2026. Credit: Ed Reed/Mayoral Photography Office.

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