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 […]
How Newsom contributed to California’s ongoing budget shortfalls
Tucked away in the details of the state budget, a set of charts—known only to a select few finance enthusiasts—charts California’s revenue and expenditures over the past fifty years. A recent graph from Governor Gavin Newsom’s budget proposal for 2026-2027 underscores the rapid increase in spending during his tenure, soaring beyond modest population growth and […]
Mamdani Cautions That Property Taxes May Rise, Reveals $127B Budget
NYC Mayor Announces Budget Plan and Potential Tax Increases New York City Mayor Zoran Mamdani has revealed a preliminary budget of $127 billion for the fiscal year 2027, indicating that property taxes might rise. During a press conference on Tuesday, Mayor Mamdani emphasized that, as mayor, he is legally required to balance the budget. He […]
Mamdani’s Budget Warning: Government-imposed 2% tax on millionaires or city-ordered 9.5% increase in property tax
New York Mayor Proposes Property Tax Increase Amid Budget Crisis New York City’s Mayor, Zoran Mamdani, has suggested a 9.5% increase in the city’s property tax as a “last resort” to address a looming budget deficit of $5.4 billion over the next two years. This step comes if the state government in Albany declines to […]