Politics / May 14, 2026 Mamdani’s Balancing Act The mayor’s new budget finds him making deals—while trying to keep his promises. Ad Policy Mayor Mamdani presents his FY27 Executive Budget at City Hall in May 2026. (Ed Reed / Mayoral Photography Office) When we last checked in with our young mayor, New York City was still $5.4 billion away from the balanced budget the city is required by law to come up with by the end of June.