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New York City Mayor Zohran Mamdani and City Council Speaker Julie Menin reached a budget agreement on June 30, 2026, addressing a projected $12 billion deficit. The $126 billion budget allocates $300 million for housing vouchers but omits some of Mamdani's campaign promises. The agreement is expected to be voted on by the City Council before the fiscal year deadline.
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New York City Mayor Zohran Mamdani and City Council Speaker Julie Menin reached a budget agreement on June 30, 2026, addressing a projected $12 billion deficit. The $126 billion budget allocates $300 million for housing vouchers but omits some of Mamdani's campaign promises. The agreement is expected to be voted on by the City Council before the fiscal year deadline.
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Mamdani reaches budget agreement with NYC Council that omits costly campaign promises
Mayor Mamdani and City Council Reach Budget Agreement Ahead of Fiscal Year