Mayor Zohran Mamdani's bold leadership in balancing NYC's budget without sacrificing essential services for working families is a testament to the power of government that truly serves the people. #PeopleOverProfits #BudgetForThePeople
4.5+ billion from the state, because the governor is sucking up to Mamdani for reelection; it’s doubtful it’ll happen again outside the election year. The state is also contributing more money to cover public servant death payouts and school funding.
There’s a couple billion from deferring payments into various retirement funds (which other mayors have also done), except the unions need to sign off on it and the cops have already said No. Even if everyone agreed, it just pushes that fiscal can down the road.
There’s another billion or so from deferring limits on classroom size, a half billion from the billionaire housing tax, and some other stuff.
He’s clearly working on the issue, and is still negotiating behind the scenes; I just wish he hadn’t made this announcement like this, where it doesn’t hold up to full scrutiny.
I’m not denying the billionaires are not and have not been paying their share. I’m saying that announcing "The Budget is Balanced!! (Terms and Conditions Apply) Is more of a PR move.
4.5+ billion from the state, because the governor is sucking up to Mamdani for reelection; it’s doubtful it’ll happen again outside the election year. The state is also contributing more money to cover public servant death payouts and school funding.
There’s a couple billion from deferring payments into various retirement funds (which other mayors have also done), except the unions need to sign off on it and the cops have already said No. Even if everyone agreed, it just pushes that fiscal can down the road.
There’s another billion or so from deferring limits on classroom size, a half billion from the billionaire housing tax, and some other stuff.
He’s clearly working on the issue, and is still negotiating behind the scenes; I just wish he hadn’t made this announcement like this, where it doesn’t hold up to full scrutiny.
There are 154 billionaires(*) living in NYC full time, if they all would pay their fair share of taxes there would be no budget issue at all.
*most of them own multiple billions of USD, and their wealth rises up to 30% each year.
I’m not denying the billionaires are not and have not been paying their share. I’m saying that announcing "The Budget is Balanced!! (Terms and Conditions Apply) Is more of a PR move.
It’s also a negotiation tactic to put pressure on the groups he still has to have come to the table amd agree to these terms.