February 2019 Financial Plan, Fiscal Years 2019-2023

The FY20 Preliminary Budget is balanced, totaling $92.2 billion. This budget:

  • Demonstrates fiscal responsibility and caution in the face of uncertainty in Washington, D.C., potential cuts and cost shifts from Albany and a possible economic slowdown.

  • Makes modest investments that continue to make New York City the fairest big city in America and provide critical services to all New Yorkers.

  • Sets a savings goal of $750 million which will be achieved in part by deepening the City’s partial hiring freeze and implementing this Administration’s first Program to Eliminate the Gap (PEG).

Read the FY20 Preliminary Budget

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