The Trump administration has already cut funding to the city for sustainability programs, City Finance Director Rob Dubow said this week. Those cuts so far haven’t added up to much, he said, but deeper reductions could be catastrophic for a city that received $2.8 billion in federal funding in the 2024 fiscal year.

The mayor's proposed budget includes $800 million for housing through two separate infusions of $400 million. It also calls for a few key changes to real estate taxes.