On April 1, 2026, the New York City Council released its alternative to Mayor Mamdani's preliminary FY27 budget. The Council's $6 billion in restorations and additions includes specific line items that flow to or through the city's 76 BIDs and the Department of Small Business Services that oversees them. The budget negotiation will run from April through the June adoption deadline, with the Mayor's May Executive Budget release as the next major procedural moment.

For BIDs in NYC, the FY27 negotiation is the most consequential single-cycle budget event of the year. Direct continuation of the Issue 2 platcard on the $2.2B FY26 gap and the $10.4B FY27 outlook.

VISUAL: Sankey diagram showing where the $6 billion comes from in the Council's alternative budget. Chart of the 76 BIDs by FY26 City supplemental funding line, flagging which ones are most exposed to the alternative scenarios.

Watch

May Executive Budget release; SBS testimony at Council finance hearings.

Source

NYC Council preliminary budget response, April 1, 2026; OMB FY27 preliminary budget.