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NY's New Leftist Mayor Faces Perilous Budget Test

Mamdani's $127 billion budget falls short of promised 1% parks funding and cuts $30 million from libraries, with parks near 0.5% and libraries at 0.39%, officials say.

  • On Tuesday, the preliminary budget keeps parks funding flat at roughly half the 1% Mamdani pledged and library spending at about 0.39%.
  • Facing a $5.4 billion gap, Mayor Zohran Mamdani unveiled a $127 billion city budget and blamed the previous administration for shortfalls, echoing his predecessor’s pattern of cuts and restorations.
  • Longer-Term forecasts show parks funding falling to roughly $653.6 million by 2030 against a $142.1 billion projected city budget, with the funding gap growing from roughly $536 million in 2026 to nearly $767 million by 2030.
  • The budget proposes a $30 million library reduction with about $2 million restored, but leaders warn it’s not permanent and City Council must approve the final plan by July 1.
  • The proposal arrives amid Mamdani's reversed campaign promise barely six weeks into office, his recent equity framing of parks with Tricia Shimamura as parks commissioner, and resumed homeless encampment sweeps after 19 deaths.
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NY's new leftist mayor faces perilous budget test

Two months after riding into office on a wave of youth support and hopes his unprecedented leftist policies could tackle New York's soaring cost of living, Mayor Zohran Mamdani is eying raising an unpopular property tax.

·Cherokee County, United States
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The City broke the news in on Thursday, February 19, 2026.
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