Mayor Zohran Mamdani’s first New York City budget started in a hole, and the way out ran through Albany. His opening plan leaned on a property-tax increase and the city’s savings; the version he landed on balances only because the state stepped in, and even then the gaps mostly moved to later years.
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Mamdani’s first city budget opened with a property-tax hike and a raid on reserves. Albany bailed it out
Mayor Mamdani's first city budget opened with a property-tax hike and a reserve raid. It balances only because Albany stepped in, the hard math deferred.
Mamdani’s first city budget opened with a property-tax hike and a raid on reserves. Albany bailed it out
Mayor Mamdani's first city budget opened with a property-tax hike and a reserve raid. It balances only because Albany stepped in, the hard math deferred.
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