Commissioner presents DYCD FY27 budget overview and savings
Escamilla-Davies presents the $1.619B budget, with $1.5B in tax levy, $105.4M federal, $18.4M state, and $5.2M in-city funds. She details $10.9M in FY26 savings and $34.8M in FY27, from in-house audits and cost estimate readjustments, with no service cuts.
The executive budget presented today reflects Mayor Mamdani's vision for a more affordable, equitable, and safer New York City and demonstrates a continued commitment to the children, youth, families, and communities that DYCD serves every day.
Despite broader fiscal pressures facing the city, the budget protects DYCD's core programming and continues to invest in services and opportunities that support young people and strengthen communities across all five boroughs.
DYCD proposed a series of savings totaling $10.9 million in the current fiscal year, $34.8 million next year, and $32.7 million in the outer years.
This includes savings from conducting audit functions in-house, along with savings from readjustments to cost estimates.
The budget stands at $1.619 billion compared to $1.633 billion in fiscal 2027 preliminary budget.
And the breakdown is as follows.
$1.5 billion in tax levy funds, $105.4 million in federal funds, $18.4 million or about
1.13% in state funding, and $5.2 million in interest city funds.
These are
Resources support a wide range of investments across the agency's portfolio.
While not an exhaustive list, I want to highlight several key initiatives that reflect how these funds strengthen services for young people, families, and communities across the city.