How is getting $8 billion from State coffers and $2.3 billion from deferring pension payments bringing a budget down to zero?
The same NYC taxpayers that pay the bulk of NYC taxes are paying the $8 billion of state taxes that are funding the budget gap.
This budget ‘fix’ is robbing Peter to pay Paul and it didn’t work out well for either of them.
There was never a $12 billion hole in the budget. That fairy tale was cooked up to justify reckless spending and political theater.
I left the incoming administration with $8 billion in reserves, not a financial apocalypse.
Albany election-year bailouts are not a long-term economic strategy. The free money dries up after Election Day, but the bloated “free” programs stay forever.
And here’s the part the socialists in City Hall never want to admit: the millionaires and billionaires they love demonizing already pay roughly 40% of NYC’s taxes. Keep demonizing the people creating jobs, investing in this city, and carrying the tax base, and eventually they’ll stop investing here altogether.
Facts are stubborn things. Even when some politicians aren’t.
Bill Maher: "If we are ever going to get back to the old America, that's got to be the Democrats' part of the bargain… You can’t just say sh*t! Math is racist. Queers for Palestine. Looting is cool. Healthy at any weight…"
@VigilantFox
Be Zohran Mamdani solving a fiscal crisis:
> Take $8 billion bailout from the state
> Defer pension payments and saddle future generations with debt.
> Briefly solve the problem which will immedietly become a $7B deficit next fiscal year
> Make a smily TikTok video with a lot of jump cuts.
> Declare that socialism has won
> Get praised by retarded supporters as a governing genius.
NYC Mayor Zohran Mamdani getting a multi-billion dollar bailout from the state and then claiming he cut the deficit to $0 is one of the most mind-blowing examples of socialist math ever.
Congratulations on kicking the can down the road.
The Mayor’s deficit closing relies primarily on a huge bailout from Albany ($8b over 2 years) and delayed payments like pension costs which just get stretched farther into the future
Eli Manning threw 44 game-tying or go-ahead touchdowns in the 4th quarter or overtime during his career.
Only one quarterback in NFL history has more in that category.