Mamdani’s $127 billion plan funds new diversity offices as city faces property tax hikes and police cuts

New York Mamdani 127B budhet plan caricature humor

Yes — the city’s own press release confirms the $127 billion FY27 preliminary budget and the 9.5% property‑tax scenario, and it links that to Mamdani’s plan. The official budget announcement (NYC.gov, Feb 17 2026) states:

  • The FY27 Preliminary Budget is $127 billion and “assumes a 9.5 percent property tax rate increase — generating $3.7 billion in FY 2027” if the state doesn’t approve new revenue authority.

That same official document frames the choice as “raise revenue from the wealthiest… or balance the budget on the backs of working and middle class New Yorkers,” and it notes the administration is funding selected new investments while closing a $5.4 billion gap.

The official release doesn’t itemize every equity office, but media analysis of the released budget materials reports the specific allocations that support the claim:

  • Office of Racial Equity: $5.6 M; Commission on Racial Equity: $4.6 M (together $10.2 M, up ~$3 M from last year) — funding 38 staff and 16 paid commission roles.
  • Six‑figure diversity jobs across agencies (e.g., DOE chief diversity officer > $260k; FDNY civilian chief diversity officers combined ≈ $531k plus overtime, and a uniformed chief diversity officer ≈ $118k).
  • Commission on Gender Equity: $835,740.
  • NYPD: the plan cancels the prior administration’s 5,000‑officer growth, which was budgeted at $315.8 M over the program’s life — characterized in coverage as a cut versus that expansion plan.

So the official site proves the $127 B budget and the property‑tax hike mechanism; budget detail reporting based on the city’s materials provides the proof for the diversity‑office funding, six‑figure roles, and NYPD staffing change.

Sources: nyc.gov , Midtown Tribune News

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February 2026
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