Your guide to NYC's public proceedings.
AGENCY TESTIMONY
New York City's dependence on federal and state funding
5:26:45
·
72 sec
The IBO highlights the significant portion of New York City's budget that comes from federal and state funding, emphasizing the city's vulnerability to changes in these funding sources.
- Federal dollars comprise $10.5 billion (9%) of the city's $119 billion budget in 2025
- State dollars make up $20.7 billion (17%) of the city's 2025 budget
- Reminds that Health and Hospitals and the New York City Housing Authority are heavily dependent on federal funding
- Notes that 35% of New York State's budget comes from federal funding, mostly for Medicaid
Louisa Chafee
5:26:45
We appreciate you keeping in mind that federal dollars compromise 10,500,000,000.0 or 9% of the city's $119,000,000,000 budget this year and 7,400,000,000.0 or 6% of the budget for 2026.
5:27:01
State dollars compromised 20,700,000,000.0 of the city's 2025 budget, which is about 17%.
5:27:10
And again, those amounts are subject to change because the numbers were placeholders.
5:27:16
In addition to the federal amounts and the state federal amounts in our budget, we also would like to remind you of health and hospitals and the New York City Housing Authority, which are overwhelmingly federally funding dependent.
5:27:30
New York State's fiscal year 2025 enacted budget of $252,000,000,000 included $87,000,000,000 in federal funding.
5:27:38
That's 35% of their total state budget.
5:27:42
And the majority of that is Medicaid at about 58%.
5:27:47
Some of the federal funds that are part of the 17% allocated by the state to the city are those funds that support our health and human services.