Federal aid is returning to non-emergency levels as pandemic-era funding is largely winding down. Over $1 billion of COVID-19 funding remains in the FY 2025 budget: American Rescue Plan (ARP) emergency funding that the City utilizes primarily for emergency rental assistance, a portion of the HOME housing supply investment program, and waste disposal; as well as funding for enhanced laboratory capacity, immunizations, and data modernization. Of the $471 million in non-COVID-19 emergency funding in FY 2025, the largest components are interest subsidies from Build America bonds issued during the Great Recession, disaster recovery funding after Hurricane Ida, asylum seeker support, and remaining funds in response to Hurricane Sandy. The outyears of the City’s Financial Plan include the remnants of funding for these emergencies (COVID-19, Hurricane Ida, Hurricane Sandy, and the Great Recession), as well as $58.5 million in asylum seeker support in City FY 2026 only.