New York City Budget Process
The New York City budget is a fiscal policy statement representing the shared priorities of our City Government. The adopted City budget details how the City will responsibly spend taxpayer money for programs and services such as education, public safety, social services, health, housing, and economic development. Given the size and diversity of New York City, the budget process involves taking limited resources and attempting to address the many needs of our communities through discussion and prioritization. This process involves the Mayor, City Council, Borough Presidents, and other elected officials.
To learn more about the City budget process, please read the following guides provided by the Independent Budget Office (IBO):
As part of the process, the Manhattan Borough President has the New York City Charter mandated authority to:
Recommend modifications to the Mayor’s Preliminary Budget – Borough Presidents may propose modifications to the preliminary budget as the Borough President deems to be in the best interest of the Borough, taking into consideration the priorities of our Community Boards and the Borough Board, and testimony received at public hearings. Any recommended increases in spending within a borough must be accompanied by an equivalent recommended reduction so that the dollar amounts offset and the recommendation does not require an increase in spending over the preliminary budget.
Submit a Borough Board Budget Priorities Report – It is Charter mandated that each Borough President submit a comprehensive statement on the budget priorities of the borough to the Mayor, City Council, and Director of Management and Budget. The Charter also requires that public notice be given to solicit input and recommendations from the public regarding the budget needs of the Borough.
Make recommendations to the Executive Budget – Each Borough President can submit a response to the Mayor’s Executive Budget. Such responses indicate which of the recommended appropriations submitted by the Borough President, which were not included by the Mayor in the Executive Budget, should be considered by the City Council for inclusion in the budget. Again, any recommended increases in the Executive Budget must be accompanied by recommending offsetting reductions in other appropriations within the Borough, so that it does not require an increase in spending.
Allocate capital funding - As part of the City Budget, five percent of the total City Capital appropriations are allotted to the Borough Presidents for use within their Borough; this amount is allocated among the Boroughs by a formula based on an equal weighting of factors relating to the population and geographic area of each Borough. This funding is then awarded by the Borough President through the Capital Grant Program.