My official statement on the budget, as read in chambers this evening, before I was muted:
"I’ve been a member of this city council going on five years now. And I’ve voted yes on the budget every year so far. All of them had problems. All of them contained things I didn’t like or agree with. But I’m not here to demand perfection, I’m here to work with what we have — within reason.
Unfortunately, this year is very different. And I must vote no.
Even in the context of our dysfunctional city government, this year’s budget represents a complete departure from reality, spending more money than we’ve ever spent — precisely when we can least afford it.
We have never seen a larger single-year increase in spending in the history of this city. Requiring not only new taxes from Albany, but pension deferrals and an eight billion dollar bailout from the Governor. And even still, the revenue projections are optimistic at best.
This isn’t a ‘balanced budget’ — it’s budget by bailout. A ticking time bomb.
And it’s the beginning of a fiscal death spiral that our current leadership will not be able to pull us out of, because they lack both the experience and the seriousness to do so.
What will we do next year? And the year after?
The only responsible way for our city to spend more is to grow the economy. New businesses, new private economic development, major investment. That’s how you grow an economy, and get more money into the city budget.
But we’re doing the opposite. Deliberately chasing away everything our city needs to sustain our spending with childish political attacks on very people we need most.
Our tax base is isn’t growing. It’s leaving.
The middle class, the financial sector, and businesses of all sizes are choosing to go elsewhere. And they’re being replaced with low-income foreigners and transplants who require significant subsidies just to survive here.
We’re trading investment banks and small businesses for delivery app drivers on welfare, and nonprofit workers whose paychecks ultimately come from government spending. That isn’t growth.
And when ordinary New Yorkers complain, they’re told to shut up and leave if they don’t like it. And that’s exactly what many are doing.
This is obviously unsustainable. But nobody in this chamber really seems to care.
And what are we getting for our money? We already spend more in real dollars AND per capita on everything from schools to housing to healthcare than anyone else in the country.
We can’t even build a public bathroom for less than three million dollars.
Why would anyone believe that shoveling even MORE money into this broken system will improve anything?
It won’t. I guarantee that we’ll all be sitting here again a year from now, with the exact same problems, listening to the exact same lectures about how the city needs even MORE money, AGAIN.
At what point do we, as a City Council, start to demand results before we allow more spending? When do we demand accountability?
The answer seems to be never. Because this spending isn’t really meant to fix anything. It’s meant to keep the machine going, keep the money flowing into the special interests and nonprofits and the political allies of the Mayor, with no real consideration for anything else.
I realize a lot of people don’t want to hear this, but we are a municipal government, not a sociology experiment or a political slush fund or the United Nations.
We are here keep the lights on, keep the water running, pave the roads, and put criminals in jail. That’s it. And we would be very well advised to get back to basics. Because we’re failing on nearly every count, other than our peerless ability to hand out free money.
Shame on this Council for pretending this budget is anything other than a disaster. I know that my single vote ultimately doesn’t matter here, but nonetheless I won’t put my name on it. I respectfully vote no."
$DELL
Cant really get much better than this
Super tight pennant right off the 21 EMA
Could be ready for a big move in the coming days
Got long today
Over $435 is key
$BE and $BN expanded their AI infrastructure power partnership from $5B to $25B (a 5X increase since October 2025).
The deal helps finance Bloom’s onsite fuel-cell power projects as AI data centers increasingly need fast, reliable power outside the traditional grid timeline.
$MU 2 tests of the 21 Day SMA as it catches up to price, the 3rd test is usually the true tell just like the 3rd test of the resistance back in April lead to a massive breakout. Something to watch next few days.
$DELL rare 2 High Tight Flags back to back flagging and turning a bit here. Long checked even and thought this side could be the mini handle so staying with it:
$MRVL (new long)
Top focus name into the session was ready for it.
Beautiful trendline break, let’s see if it can chew into the gap and work its way to highs.
👉 https://t.co/QRUOaEtf1Q
$MXL +22% in just two days since the flag breakout.
One of my favorite combinations:
- Semiconductor theme
- Multi-year breakout
- Strong institutional accumulation
- Flag breakout on expanding volume