Grossly inconsiderate of Mamdani to be governing so efficiently and effectively to date for all the conservatives and liberal democrats who now have to work that much harder to continue their efforts discrediting democratic socialism as an unrealistic framework for politics in the U.S.
Don’t be silly, they’ll just call this propaganda and arrest him by the election.
Don’t you worry! All that communist budget balancing is done off the backs of hard-working billionaires, who are ready to flee the authoritarian hellhole and its sky-high taxes for places where their humble contributions are not punished! /s
Wrongly applied tag
But without austerity how will he condition the masses to hate taxing the rich?
They don’t have to because he’s not taxing the rich!
At least 4 billion of that was in infusion from the state. It seems unlikely this balance will persist without significant further effort.
Wait: Can I get one of these infusion thingies?
Talk to your governor. What’s your budget look like for FY 2027?
/s
4.5+ billion from the state, because the governor is sucking up to Mamdani for reelection; it’s doubtful it’ll happen again outside the election year. The state is also contributing more money to cover public servant death payouts and school funding.
There’s a couple billion from deferring payments into various retirement funds (which other mayors have also done), except the unions need to sign off on it and the cops have already said No. Even if everyone agreed, it just pushes that fiscal can down the road.
There’s another billion or so from deferring limits on classroom size, a half billion from the billionaire housing tax, and some other stuff.
He’s clearly working on the issue, and is still negotiating behind the scenes; I just wish he hadn’t made this announcement like this, where it doesn’t hold up to full scrutiny.
It could very well be that that “State” money is money collected from NYC residents.
I looked it up out of curiosity, and in 2024, New York City provided 1.35 trillion of the state’s 2.3 trillion dollar GDP.
No he did say in a public update video that he did get Hochul to give NYC more from the state’s budget. Not like “this fixed everything” kind of money, but some of it was from the State.
And I mean, sure probably from State taxes and all, yea, but that’s just how governments work
The balanced NYC budget: Brought to you by the makers of steamed hams.
