{"id":233393,"date":"2026-05-16T01:11:17","date_gmt":"2026-05-16T01:11:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/233393\/"},"modified":"2026-05-16T01:11:17","modified_gmt":"2026-05-16T01:11:17","slug":"finance-chair-breaks-down-124-7b-nyc-budget","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/233393\/","title":{"rendered":"Finance chair breaks down $124.7B NYC budget"},"content":{"rendered":"<p class=\"mb-4 text-lg md:leading-8 break-words\">NEW YORK CITY (PIX11) \u2014 <a href=\"https:\/\/www.yahoo.com\/news\/articles\/mayor-mamdani-releases-executive-nyc-173200502.html\" data-ylk=\"elm:link;elmt:article_link;slk:New York City\u2019s $124.7 billion budget;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;New York City\u2019s $124.7 billion budget&quot;}\" class=\"link  yahoo-link\" rel=\"nofollow noopener\" target=\"_blank\">New York City\u2019s $124.7 billion budget<\/a> has been finalized by Mayor Zohran Mamdani, who now enters the final negotiation with the City Council.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">City Council Finance Committee Chair Linda Lee joins PIX on Politics to discuss the proposal and what the council is still looking for.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\"><a class=\"link \" href=\"https:\/\/pix11.com\/\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"elm:link;elmt:article_link;slk:Discover more local reporting on our homepage;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Discover more local reporting on our homepage&quot;}\"> Discover more local reporting on our homepage <\/a><\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Lee said the council is still looking for more funding for things like <a href=\"https:\/\/www.yahoo.com\/news\/articles\/mayor-mamdani-doubles-down-library-163836395.html\" data-ylk=\"elm:link;elmt:article_link;slk:libraries and parks.;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;libraries and parks.&quot;}\" class=\"link  yahoo-link\" rel=\"nofollow noopener\" target=\"_blank\">libraries and parks.<\/a><\/p>\n<p>Advertisement<\/p>\n<p>Advertisement<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Lee also clarified changes to the city\u2019s pension payments, saying any restructuring will not impact the funds retirees take in, and instead will change the timeline over which money is added.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Overall, Lee said the mayor incorporated many of the Council\u2019s ideas into his proposal.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Watch the video player for the full interview.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\">Copyright 2026 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.<\/p>\n<p class=\"mb-4 text-lg md:leading-8 break-words\"><a href=\"https:\/\/pix11.com\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"elm:link;elmt:article_link;slk:For the latest news, weather, sports, and streaming video, head to PIX11.;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;For the latest news, weather, sports, and streaming video, head to PIX11.&quot;}\" class=\"link \"> For the latest news, weather, sports, and streaming video, head to PIX11. <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"NEW YORK CITY (PIX11) \u2014 New York City\u2019s $124.7 billion budget has been finalized by Mayor Zohran Mamdani,&hellip;\n","protected":false},"author":2,"featured_media":233394,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[301,91594,37534,9,56,63,65,64,82],"class_list":["post-233393","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york-city","tag-city-council","tag-city-council-finance-committee-chair","tag-linda-lee","tag-new-york","tag-ny","tag-nyc","tag-nyc-headlines","tag-nyc-news","tag-zohran-mamdani"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/233393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=233393"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/233393\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/233394"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=233393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=233393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=233393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}