City
Rainy day fund
Photo: Gycnewyorker / Guan Yu Chen · CC BY-SA 4.0
Proposal 5 · New York City Charter
A savings target for the city's rainy day fund.
Sets a goal for the city to save at least 12% of last year's tax revenue for emergencies.
Your vote
Yes
The Mayor must set a formula for how much the city saves into its rainy day fund each year.
No
Keep no required savings target.
Each side
For
A set savings goal pushes the city to put money aside in good years, so services aren't cut when a recession hits.
Against
The 12% goal may be too low for a major crisis, and it shifts control over yearly deposits toward the mayor's office.
On the ballot as
Set Contribution Targets for Rainy Day Fund to Promote Sufficient Budgetary Reserves
Sources
NYC Votes (NYC Campaign Finance Board)
2026 Ballot Proposals
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League of Women Voters of the City of New York
Proposals on the Ballot in New York City in the 2026 General Election
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NYC Mayor's Office · 2026-07-23
COGE Releases 5 Ballot Proposals and Final Report
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THE CITY · 2026-09-23
What to Know About NYC's 5 Ballot Proposals Ahead of Election Day
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THE CITY · 2026-07-23
Mamdani's Government Efficiency Panel Approves 5 NYC Ballot Proposals
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