Nonprofit New York #WHY15 Statement in Response to Fiscal Year 2025 Adopted Budget
Nonprofit New York Members and Community,
On Friday, June 30, 2024, the New York City Council and Mayor Adams announced an agreement on a $112 billion budget for Fiscal Year 2025. This final version of the budget includes the restoration of hundreds of millions of dollars in cuts that the Adams Administration previously presented as necessary to help address the city’s $7 billion deficit.