Mamdani Gets a New York City Bailout, but Not the One He Wanted

Mamdani Gets a New York City Bailout, but Not the One He Wanted

New York City Mayor Zohran Mamdani wanted a multibillion-dollar bailout from Albany this year, and he got one — but rather than a suite of big tax hikes, the final deal includes a mishmash of cost shifts, delayed pension payments and one notable new tax on pricey second homes.The enacted state budget includes none of the corporate and personal income tax increases that Mamdani campaigned on. But it gives New York City more than $28 billion in su…

POLITICS: Hochul just let Mamdani start to borrow NYC’s way back to the 1975 financial crisis

Across various social-media platforms, high-fiving lefties and progressives are praising Mayor Zohran Mamdani for balancing the city budget without harming poor and working-class New Yorkers — when all he’s done is guarantee harm after he’s conveniently left office. The biggest piece of the state’s “bailout” is just a license to spend now and pay later. Specifically, Gov. Kathy Hochul’s OK to defer billions in payments to city pension funds, whi…