Chair Lee details DOT's proposed FY27 budget of $1.6 billion
Lee outlines DOT's $1.6B FY27 budget, a 5% increase from preliminary, including funding for bus action plan, cycling and micromobility, Staten Island Ferry costs, and headcount shortfalls.
On May 12, 2026, the administration released the executive financial plan for fiscal years 26 to 30 with a proposed FY27 budget of $124.7 billion.
The Department of Transportation proposed fiscal 27 budget of $1.6 billion represents 1.3% of the administration's proposed FY27.
budget in the executive plan and this is an increase of 78.4 million dollars or 5% from the 1.56 billion originally budgeted in the FY27 preliminary plan.
This increase results from several actions including from their money added for several new needs including funding for a bus action plan
that has additional city funding of $16.9 million and 70 headcount positions in FY27, $30 million and
89 new positions in FY28, $34 million and 103 positions in FY29, and $35 million and 104 positions in FY2030.
There was also money added for cycling and micromobility, which includes additional city funding of $11.2 million and 45 positions in fiscal 27,
8.6 million and 52 positions in FY28, and growing to 22.8 million and 54 positions by FY30.
There were also several big adjustments due to fuel costs.
There was $10.3 million in FY26 and $24.3 million of city funding that was baselined starting in FY27 for heat, light, and power costs related to the Staten Island Ferry.
As of April 26, DOT's headcount was 647 less than their fiscal 26 budgeted headcount.