$1.2 billion tax refund and $850 million in property tax assistance confirmed in state budget
Georgia’s Tax Cuts and Revised Budget for 2026 ATLANTA — Georgia is set to benefit from approximately $2 billion in tax reductions following the General Assembly’s approval of a revised state budget for the fiscal year 2026. This budget now awaits the signature of Governor Brian Kemp. In a statement on Wednesday, Kemp commended state […]
As the New York City economy struggles, Mamdani’s budget shortfall could soon increase significantly.
Mayor Mamdani’s Financial Dilemma Mayor Zoran Mamdani sees himself as a victim of a major financial crisis, but perhaps he should feel a bit more fortunate given the circumstances. New York City is grappling with significant spending issues, but the revenue stream remains robust—at least for now. This, however, might not be the case for […]
Mamdani praises affordable housing and criticizes ICE in response to budget backlash.
Mayor Mamdani Faces Criticism Over Tax Proposals New York City Mayor Zoran Mamdani, amidst backlash for his suggestion to raise property taxes to address the city’s budget shortfall, painted a hopeful picture of a city where “every family can afford a home.” He also criticized ICE, referring to its actions as “cruelty and violence.” These […]
Mamdani goes back on campaign pledge by cutting library budget funding
He’s shifting gears on a key promise. Mayor Zoran Mamdani is now opting to cut library funding by nearly $30 million, contrary to his earlier campaign commitment to increase it. He had previously labeled similar cuts by his predecessor as “cruel.” In his $127 billion preliminary budget, the Manhattan branch of the New York Public […]
Mamdani underfunds MTA in initial budget while advocating for free buses
Budget watchdog groups are raising concerns that Mayor Mamdani’s administration has significantly underestimated the financial obligations owed to the Metropolitan Transportation Authority (MTA) in his initial budget. This comes as he attempts to deliver on his campaign promise to provide free city bus rides. The New York City Comptroller’s Office indicates that in fiscal year […]
Mamdani will not seek to modify the expensive law regarding class sizes that supports unions and impacts his budget.
New York City Education Laws Create Financial Strain Education laws that favor unions are costing New York City a significant amount—billions, in fact. Yet, Mayor Zoran Mamdani isn’t planning to request any changes to these expensive regulations from Albany. While he’s advocating for tax hikes to bridge a daunting $5.4 billion budget gap, Mamdani is […]
Mamdani’s budget demands for Gov. Hochul stem from a crisis he created himself.
Budget Dilemmas in NYC Budgets typically reflect choices, but Mayor Mamdani’s proposed budget for fiscal year 2027 leaves Governor Hochul and state lawmakers with just two options. They can either accept the tax hikes suggested by the governor or ask the City Council to implement a painful property tax increase of nearly 10%. The mayor […]
Mamdani Suggests Reducing NYPD Budget and Halting New Hires
Mayor Proposes NYPD Budget Cuts and New Hiring Freeze New York City Mayor Zohan Mamdani has suggested significant budget reductions for the New York City Police Department (NYPD) and has halted plans for thousands of new hires. Mamdani overturned a previous directive from former Mayor Eric Adams, which intended to recruit an additional 5,000 officers […]
STEVE FORBES: Avoid using homeowners to balance New York City’s budget
New York City’s Budget Dilemma New York City finds itself at a critical junction, both politically and financially. Mayor Zoran Mamdani has unveiled a preliminary budget of $127 billion for fiscal year 2027, but he warns of a looming $5.4 billion shortfall. He suggests that without new revenue options from the state government, the city […]
Mayor Zohran Mamdani suggests reducing the NYPD budget for next year.
Mayor Mamdani’s Budget Shift for New York City New York City Mayor Zoran Mamdani is aiming to revamp the city’s finances within a tighter fiscal framework, and one of his strategies might involve trimming the New York Police Department (NYPD) budget. His predecessor, Mayor Eric Adams, had suggested hiring 5,000 additional officers by 2028 to […]