Source: New York Post
by staff
“Mayor Zohran Mamdani boasted Tuesday that he plugged the city’s multibillion-dollar budget gap for the coming fiscal year — but it’s only ‘balanced’ with gimmicks that guarantee oceans more red ink in the years ahead. With a late assist from Gov. Kathy Hochul’s own flim-flammery, the new, $124.7 billion Mamdani spending plan relies on one-time cash infusions, postponed payments and dubious calculations of future tax windfalls and theoretical savings. The day began with Hochul boldly announcing yet another of her trademark cave-ins: After weeks of insisting she’d given the mayor as much help as she could, the gov magically found another $4 billion for him just hours before he presented his plan. Yet half the windfall comes down to new debt, much of the rest is pretty vaporous — and all of it amounts to just telling the spending addict he can keep on shooting up.” (05/13/26)