NYC Agrees $126 Billion Budget as HRA Funding Jumps $2.6 Billion
Updated
Updated · Fox News · Jul 18
NYC Agrees $126 Billion Budget as HRA Funding Jumps $2.6 Billion
3 articles · Updated · Fox News · Jul 18
Summary
$14.63 billion was earmarked for New York City's Human Resources Administration in the new nearly $126 billion budget agreed by Mayor Zohran Mamdani and the City Council in June.
That HRA allocation is up from $11.97 billion in the 2026 budget, lifting social-services funding by more than $2.6 billion to about 14% of the city's total spending plan.
City records reviewed by Fox showed cash assistance already reached 864,999 people in 2025 — a 30-year high — with payouts rising to more than $2.6 billion from $1.57 billion in 2022.
Including SNAP, New York paid out more than $7 billion in welfare benefits in 2024, as some wealthy residents and business figures have warned the city's policy climate is turning hostile.