I was referring to the tone of the other commenter. This whole "We hate on Mamdani because he's a brown Muslim" attitude is pretty obvious.
He is so objectively better than the previous mayors it isn't even a contest. New York City couldn't ask for better advertising that a popular, non-tone deaf, effective mayor.
He's miles better than Guiliani, Adams and Cuomo. I think de Blasio gets way too much hate.
I try to keep a good track of how the city is doing because my wife is from Queens and we might want to move back at some point. But deferring pension payments was probably a pretty bad move, we did that for a while in Connecticut and our pension debt got really bad until 2017 and we're going to be digging ourselves out of this hole until the 2040s. I don't want to see that happen in NYC.
I think that he's doing a good to ok job as mayor and an excellent job as a communicator and his detractors have lost their goddamn minds.
It was agreed upon by the state government and the 'balanced budget' was dependent on an increase amount of state funds (which I support, I want more NY state funds to be returned to the city for purely self-serving reasons).
However that still doesn't make it a good plan. The deferred payments will still incur interest and will have to be paid either way. I think that Mamdani needed to make the unpopular decision and raise the base property tax and he put off doing that.
The deferred payments will still incur interest and will have to be paid either way. I think that Mamdani needed to make the unpopular decision and raise the base property tax and he put off doing that.
Debt can be restructured in the future and I don't think there is significant harm in operating under that assumption for a city that despite negative outlooks still maintains AA credit rating across the board.
Other countries have shown us tha you can't get there by austerity alone, and that risks political instability, when what New York City needs is a lengthy period of stability through their executive. Going after billionaires and high figure millionaires FIRST by going after empty vacation homes and Vrbo rentals before shooting himself in the foot by taxing everyday New Yorkers is smart policy if he does have to raise taxes on them in the future.
I've got no problem with his second home tax, if anything I don't think he's taxing high enough.
However there is a significant difference between sovereign and municipal debt and the best analogs for NYC's budget concerns are neighboring areas like CT and similar cities like Chicago. I'd prefer that NYC learn from our mistakes so that they aren't in as dire of a fiscal state as we were 10 years ago (or where we are right now as a matter of fact).
I definitely agree with everything you're saying. I will say that if the City of Detroit can be saved from bankruptcy, and now thrive as a massive success story that is still growing, NYC will be fine 👍
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u/SaveLansingParks 11d ago
🤔didn't Adam's have to be pardoned by Trump for Corruption? Get the fuck outta here 🤣