Finance

Hochul sends NYC another $4 billion to help close city’s budget gap

By David Zimmermann
Published May 12, 2026 12:34pm ET | Updated May 12, 2026 12:34pm ET
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Gov. Kathy Hochul (D-NY) is sending another $4 billion to New York City to help close its budget gap as requested by Mayor Zohran Mamdani.

The announcement, made by both leaders on Tuesday, brings the total gap-closing aid to $8 billion over the next two years.

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Tag:

Budgets Budgets and Deficits Kathy Hochul New York New York City Zohran Mamdani