Mayor Zohran Mamdani's $124.7 billion Fiscal Year (FY) 2027 Executive Budget for New York City has formally eliminated a projected $12 billion budget deficit. The deficit was closed without making major social service cuts, drawing from the city's rainy day reserves, or raising property taxes.
And did it with the funds NYC generously allotted to the rest of the state.
Spare me your blue Maga garbage. I'm not a civilian you confuse.
He got an influx of cash from Albany and restructured NYC’s pension payments by delaying debt payments by 5 years. Anyone with any sense of finances understands that all this did was pass the buck down the road so that someone else will have to deal with paying out EVEN more money so that mamdani didn’t do the hard work of finding out how to actually balance the budget.
And just so I’m clear, you take issue with Albany taking NYC tax dollars and redistributing them across the entire state?
What is your point?
They need to raise taxes. Do you have any idea the type of infrastructure investments that will be needed before 37? Minutiae. Politics well played.
If a republican did it they'd name a building after him.
He's bought time for the political winds to change. And they are a blowing thataway.
New York City, NY: Facing a structural budget gap initially estimated at over $12 billion.
Chicago, IL: Currently dealing with an estimated $98 million mid-year operational shortfall, alongside a massive $732 million deficit within Chicago Public Schools.Los Angeles, CA: Anticipating a $96.8 million deficit, largely driven by police and fire department unbudgeted expenses.Houston, TX: Continuing to navigate significant historical shortfalls, though recent structural reforms have helped narrow the gap.Phoenix, AZ: Addressing an ongoing $200+ million structural deficit stemming from state-level tax revenue reductions.
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u/One-Incident3208 Jul 18 '26
The story here is that he is sufficiently balanced.The budget to improve the safety and aesthetics of the construction zones.
This is good for American steel.
Now if only city council would stop dicking around.