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With Additional $22M In State Revenue For New Haven, Mayor Proposes More Ed Funding, Lower Property Tax Bump

Among proposals: lower property tax increase to 1.95%, close NHPS’ projected budget deficit with additional $13.9M, more Youth@Work funds.

An additional $22M in state revenue from the 2026 state legislative session enables city to close the New Haven Public Schools’ projected budget gap, provide a more moderate property tax increase, and further support youth and vulnerable residents: Mayor. (Ellyn Santiago/Patch)

NEW HAVEN, CT — In response to additional funds allocated by the state and Yale University to the city, Mayor Justin Elicker submitted a proposed amendment to his proposed Fiscal Year 2026-27 budget.

The technical amendment to the mayor’s proposed $733 million General Fund budget was presented to the Board of Alders Finance Committee Monday.

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New Haven is projected to receive an additional $22 million in revenue from the state's FY 2027 budget adjustment bill. This includes $12.4 million from the Mashantucket Pequot Mohegan Fund, $2 million in municipal grants-in-aid funding, and $7.6 million in supplemental education funding, according to a statement released by Elicker.

Elicker noted his gratitude to the city's state delegation and, in particular, Senator Martin Looney for "advocating to secure this funding."

Elicker said investing an additional $13.9 million into the city's schools will "build on the significant local investment we have made in recent years and to completely close the projected New Haven Public Schools budget deficit for next fiscal year."

"The additional funds will also allow us to provide more support for vulnerable residents and our youth," he said. "Finally, it will allow us to put forward a budget with a more moderate 1.95 percent tax increase that is lower than inflation."

Elicker's distribution of funds proposals:

Elicker’s proposed FY 2026-2027 budget and subsequent budget amendment is subject to review and consideration by the Board of Alders.

The BOA Finance Committee has been holding a series of budget workshops, public hearings, and deliberations in March, April, and May.

Per the City Charter, a final budget must be approved by the Board of Alders and signed into law by Mayor Elicker by the first Monday in June, which is June 1st.

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