Reserves - OMB

Mayor's Office of Management and Budget


Budget Reserves


Budget Reserves in Fiscal Year 2026 Are at a Record High $8.5 Billion

General Reserve: $1.2 billion

Rainy-Day Fund: $2 billion

Retiree Health Benefits Trust: $5 billion

Capital Stabilization Fund: $250 million

The city has a variety of budget reserve sources:

Revenue Stabilization Fund (also known as the Rainy-Day Fund): these resources are not designated for a specific purpose and are the only reserve within the city’s budget that can be carried over from year to year.

General Reserves: these funds are set aside annually and are not allocated for a specific use or city expense. Unused general reserves cannot be transferred from year to year.

Retiree Health Benefit Trust: supports healthcare benefits obligations to retirees and their beneficiaries.

Capital Stabilization Reserve: these funds are set aside annually and are available to support the city’s infrastructure program without taking on additional debt if projects are delayed or grow in scope.