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City Approves Historic Budget Deal | Business and Finance News
Description
Mayor Mamdani and Council Speaker Menin just sealed a historic $125.8 billion budget—just in time for the fiscal year’s deadline—after months of heated negotiations. A major breakthrough? $175 million earmarked for rental assistance, a top priority that had stalled talks. While the big numbers are locked in, details on how residents will access those funds are still being finalized—but this deal marks a major win for housing security and Mamdani’s first major fiscal milestone.
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