Comptroller Mark Levine Expresses Concern over Zohran Mamdani’s Budget, Says “New York Spending More than It Takes In"

Don’t Count on Wall Street or Rainy Day, Budget Watchdogs Tell Mamdani

Mayor Zohran Mamdani is getting praise for presenting a budget that estimates expenses more accurately than his predecessor, Mayor Eric Adams. But his plan to balance that budget — which anticipates a Wall Street-driven boost to tax revenues, possible draw-downs of the city’s reserves and an across-the-board property tax hike — is getting panned. Both city Comptroller Mark Levine and the Independent Budget Office said Wednesday that betting on a…

NYC fiscal watchdog knocks Mamdani's budget

(The Center Square) — New York City's budgetary woes are worse than projected by Mayor Zohran Mamdani's administration, according to a report by the city's fiscal watchdog, which calls for reining in spending to reduce a projected $7.3 billion shortfall…

Comptroller Mark Levine expresses concern over Zohran Mamdani’s budget, says “New York spending more than it takes in"

New York City Comptroller Mark Levine raised concerns over Mayor Mamdani's budget, projecting a $7.3 billion deficit, larger than the administration's estimate. He criticized increased spending, proposed property tax hikes, and highlighted economic uncertainties, including geopolitical risks and AI.

City comptroller sees risk in NYC Mayor Mamdani's budget plan

Comptroller Mark Levine agreed with Mamdani that the city budget faces a significant gap.

NYC needs to rein in runaway spending to a tune of $6B even with Albany bailout: city comptroller

Comptroller Mark Levine sounded the alarm about the budget deficit Tuesday, telling reporters that even if Albany swoops in and bails out the Big Apple this year, the city needs to start making cuts to ensure it can pay its bills in the future.

NYC Comptroller Mark Levine issues warning, says budget gap is at $7.3 billion

NEW YORK — As the City Council kicks off budget hearings, Comptroller Mark Levine is warning that the city is staring down a $7.3 billion budget gap over this fiscal year and the next — a more dire projection than…