New York City Mayor's Office of Management and Budget

The New York City Mayor's Office of Management and Budget (OMB), formerly New York City Office of Management and Budget, is the New York City government's chief financial agency, organized as part of the New York City Mayor's office. OMB staff, under the direction of the Mayor and the Budget Director, assemble and oversee the expense, revenue, and capital budgets for the city. The City of New York funds the activities of approximately 70 agencies with more than 300,000 full-time and full-time equivalent employees.^[1]

OMB evaluates the cost-effectiveness of city services and proposals, both from the agencies and New York City Council. OMB employs economists to provide forecasts on city, state, nation, and world economies. OMB also manages the city's capital financing programs through the issuing of bonds, and conducts legal reviews of capital projects financed with bond proceeds.^[1]

New York City has the largest municipal budget in the United States at $95.1 billion in Fiscal Year 2021 (as of the City's January 2021 Financial Plan).^[2]