Res 0977-2025

Whereas, The Office of Management and Budget has prepared a Proposed City Fiscal Year 2026 Community Development Program, a Proposed Reallocation of Fifty-First Year Community Development Funds, and a Proposed Fifty-Second Year Community Development Program; and Whereas, The Proposed City Fiscal Year 2026 Community Development Program, Proposed Reallocation of Fifty-First Year Community Development Funds, and Proposed Fifty-Second Year Community Development Program are provided to the City Council for review and consideration; and Resolved, That the Council of the City of New York hereby agrees to the Proposed Community Development Program for City Fiscal Year 2026 in the amount of $238,960,000, which reflects an increase of $375,000 from the Executive Budget as submitted by the Mayor on May 1, 2025; and be it further Resolved, That the Council of the City of New York hereby agrees to the Proposed Reallocation of Fifty-First Year Community Development Funds in the amount of $291,636,000, which reflects an increase of $188,000 from the Proposed Fifty-First Year Community Development Budget as submitted by the Mayor on May 1, 2025; and be it further Resolved, That the Council of the City of New York hereby agrees to the Proposed Fifty-Second Year Community Development Program in the amount of $238,786,000 as submitted by the Mayor on May 1, 2025; and be it further Resolved, That the Council of the City of New York hereby shall have the opportunity to review the allocation as part of the City Fiscal Year 2027 budget adoption, of that portion of the Fifty-Second Community Development budget that will be scheduled to be spent in City Fiscal Year 2027 and not City Fiscal Year 2026.