{"id":677349,"date":"2026-03-24T02:41:18","date_gmt":"2026-03-24T02:41:18","guid":{"rendered":"https:\/\/www.europesays.com\/us\/677349\/"},"modified":"2026-03-24T02:41:18","modified_gmt":"2026-03-24T02:41:18","slug":"mamdanis-only-nyc-budget-idea-is-wishing-for-all-the-cash-he-wants-to-spend","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/677349\/","title":{"rendered":"Mamdani’s only NYC budget idea is wishing for all the cash he wants to spend"},"content":{"rendered":"

As alarm bells keep ringing about New York City\u2019s finances, Mayor Zohran Mamdani still insists the only answer is for someone to give him more money to spend.<\/p>\n

Two more bond-rating outfits \u2014 Fitch and Kroll \u2014 joined Moody\u2019s last Friday in declaring the city\u2019s outlook \u201cnegative\u201d<\/a>; the next step is a drop in Gotham\u2019s bond rating, which will push up borrowing costs.<\/p>\n

That prompted city Comptroller Mark Levine to repeat his opposition<\/a> to Mamdani\u2019s plan to grab $1.2 billion from the city\u2019s \u201crainy day\u201d reserve; that cash is meant for an actual emergency, not to fund a new mayor\u2019s wish list.<\/p>\n

At a City Council hearing this month, Levine warned<\/a> that city expenses are growing faster than revenues; he puts the budget gap above $7 billion \u2014 $2 billion more than Mamdani claimed in his January budget.<\/p>\n

\u201cIt\u2019s very simple. We\u2019re spending more money than we\u2019re bringing in,\u201d Levine told CBS News over the weekend.<\/p>\n

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Then again, Levine\u2019s too progressive to do more than dance around the (obvious) need to cut spending; he joins the mayor in hoping to get more money from the state, then resorts to vague talk of \u201cidentifying savings\u201d and \u201csustaining\u201d spending growth when he means restraining it.<\/p>\n

Mamdani hasn\u2019t offered any fresh thoughts since dropping a \u201chelpful\u201d list of taxes<\/a> that the Legislature or City Council could increase to gin up more cash for him to spend.<\/p>\n

He\u2019d rather \u201ctax the rich,\u201d but is willing to tax everyone: Whatever it takes!<\/p>\n

It\u2019s obvious he\u2019s decided to wait until he learns how much more Albany is going to rain down on him before he even thinks about what else to do.<\/p>\n

But the state\u2019s set to blow well past its April 1 budget deadline, which means City Hall will be stuck scrambling fast when Mamdani finally realizes that no one\u2019s going to wave any magic wands for him.<\/p>\n","protected":false},"excerpt":{"rendered":"As alarm bells keep ringing about New York City\u2019s finances, Mayor Zohran Mamdani still insists the only answer…\n","protected":false},"author":3,"featured_media":677350,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[5122],"tags":[5229,13237,15850,4691,15669,405,403,5226,5225,5228,5227,1269,67,586,132,5230,68,2969,5301],"class_list":["post-677349","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york","tag-america","tag-city-budget","tag-comptroller","tag-editorial","tag-government-spending","tag-new-york","tag-new-york-city","tag-newyork","tag-newyorkcity","tag-ny","tag-nyc","tag-opinion","tag-united-states","tag-united-states-of-america","tag-unitedstates","tag-unitedstatesofamerica","tag-us","tag-usa","tag-zohran-mamdani"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/116281847737214036","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/677349","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=677349"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/677349\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/677350"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=677349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=677349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=677349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}