---
id: 4b2d07a94b
section: cityhall
first_reported: 2026-11-11 05:00 EST
updated: 2026-11-11 05:00 EST
status: reported
outlets: 1
---

# Council, mayor back $127 billion city budget

The City Council and Mayor Zohran Mamdani agreed on a $127 billion budget, which THE CITY reports was balanced with state aid.

Section: [City Hall](/new-york/section/politics.md) · Entities: [Zohran Mamdani](/new-york/wiki/zohran-mamdani.md)

## Coverage

- [THE CITY](https://www.thecityreporter.nyc/2026/11/11/mamdani-nyc-budget-wall-street-taxes/), 2026-11-11 05:00 EST: Mamdani Budget Floats on Wall Street Cash as Momentum Grows for New Taxes

Headline and summary written by the Acta Diurna desk from the coverage above. Read the original reporting for full detail.