New York City Budget Cycle

The outline below details the New York City Budget Cycle according to the City Charter. All dates are subject to change by the City Council.

July

July 1st

  • The new Fiscal Year begins.

September

By September 3rd

  • The Mayor releases the Capital Commitment Plan.

October

Before October 31st

  • Community Boards complete their Capital and Expense Budget consultations with City agencies.

By October 31st

  • Community Boards submit their Capital and Expense Budget priorities to OMB.

December

By December 31st

  • The Mayor releases a Financial Plan updating the Adopted Budget.

January

By January 16th

  • The Mayor releases the Preliminary Budget for the upcoming Fiscal Year.
  • The Mayor releases the Preliminary Ten-Year Capital Strategy if it is an odd calendar year.
  • Community Boards receive responses to their budget priorities.

From January 16th to February 15th

  • The Community Boards review the Preliminary Budget and submit a written response to the Mayor.

February

By February 25th

  • Borough Boards submit their priorities to the Mayor and City Council.

March

March 10th

  • The City Council submits its operating budget.
  • The Borough Presidents issue recommendations for the Preliminary Budget.

By March 25th

  • The City Council holds hearings and proposes recommendations for the Preliminary Budget.

April

April 26th

  • The Mayor submits the Executive Budget and the Message of the Mayor.
  • The Mayor releases the Ten-Year Capital Strategy if it is an odd calendar year.
  • Community Boards receive responses to their budget priorities.

May

From May 6th to May 25th

  • The City Council holds hearings on the Executive Budget.

June

By June 5th

  • The Executive Budget is adopted by the City Council, becoming the Adopted Budget.

June 30th

  • The Fiscal Year ends.