NYC Budget Grows $3 Billion in November Modification
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5 Articles
POLITICS: Mamdani the miser — on video only
Rolling in windfall cash from Albany and Wall Street, Mayor Zohran Mamdani is letting city outlays balloon even as massive deficits still loom. Months after Gov. Kathy Hochul handed him billions in state help, soaring Wall Street bonuses are infusing city coffers with $1 billion in extra tax revenue. Meanwhile, per City Hall’s recent mid-year fiscal update, Mamdani’s chief savings officers scratched out a mere $439 million in cuts — far short of…
Mamdani’s budget has ballooned to nearly $130B — with only .3% in savings
Mayor Zohran Mamdani announced Thursday that the New York City budget increased by more than $3 billion to $129.2 billion, according to the mandated mid-year update, a long-time requirement for city officials to balance the budget throughout the year.
The New York City government announced on Thursday its November revision to the fiscal year 2027 budget, increasing the budget size from $125.8 billion proposed in June to $129.2 billion. Tax revenue is expected to increase by nearly $1 billion compared to the original estimate, and the budget deficit for fiscal year 2028 has been slightly reduced from $6.4 billion to $6.2 billion.
Mamdani’s budget has ballooned to nearly $130B — as mayor falls far short of targeted saving cuts
The Big Apple’s budget has ballooned to almost $130 billion this year — as the Mamdani administration continues to fall short of its savings goals, officials said Thursday. Mayor Zohran Mamdani announced that the city budget increased by more than $3 billion to $129.2 billion, according to City…
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