Mamdani balanced NYC's budget and Republicans are hysterical

Golly, it seems like socialism is working in NY City.

It seems that the democratic socialist mayor of New York City is more effective at governing than many viewers on both sides of the aisle anticipated. 

Mayor Zohran Mamdani presented a new budget to the public on May 12, announcing that he’d shrunk the deficit from $12 billion to zero through a combination of slimming down costs and assistance from Albany. Miraculously, he managed to do this without cutting government services, tapping into the city’s “rainy day” fund or raising property taxes, as he’d threatened to do.

https://www.usatoday.com/story/opinion/columnist/2026/05/22/mamdani-balanced-new-york-city-budget-critics/90164556007/#

Now for the facts.

The $12B deficit was a made up number that he originally presented.  It includes the usual government funny money accounting of pushing off expenses to the future and claiming savings that never get realized. 

He is getting a short term $4B bailout from hochul in attempt to buy votes for her re-election.  This money will go away in the future.

Class sizes are increasing

He is underfunding the pension funds by $2.3B.  Again money that will have to be paid back.

There is a $2B reduction in unidentified cost savings.

There is a $1.2B cut in a housing and education voucher program - that is spending cut.

There is a tax on second homes but as a result Citadel is considering cancelling a $6B project and shifting jobs out of NYC.

There are increased fees for ambulance calls, parking tickets, tree removal, gun permits, STAR taxes, etc.  all fees to be paid by the citizens.

Note that all these savings and bailouts are less than $12B

Where are the free buses?  The rent freeze may not happen. The grocery stores are at least 2 years away. 

Stupid Tom bitch bitch bitches endlessly about NYC, even though he lives thousands of miles away in Desert Shithole, AZ. Now when he finds out that one of the issues he's been bitching about is being solved, he has to bitch about that, too.

NYC doesn't want you or your kind, stupid Tom. Stay in the desert and bake.

  Tom lists facts, Mark posts lies and Lewis runs his lying, ignorant mouth.  Just another day in the Sink...

Which is why you're lessening your participation here, as you so pompously announced. Right?

RIGHT??

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 Hey moron - you comment here has nothing to do with the postd topic 

So what? Your first comment here was just a series of insults, and had nothing to do with the posted topic.

I'm really enjoying your reduced participation and your civil behavior!!!

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Just more of what I call Politician Math.

A big part of the proposed saving comes from postponing payments to the city's pension fund. 

More or less means they want to borrow money from the pension fund. Potentially harming city workers down the road. 

You're overstating the case.

NYC's obligations are to pay out pensions when they're due, not to maintain a fund for that purpose. When the time comes, they may have to pay pensions out of current revenues. In point of fact, there are virtually no pension funds, public or private, that are fully funded.

So this is a case of using present money to solve present problems. Critics will call it kicking the can down the road. But fiscal responsibility means that it's silly to run a deficit, which adds interest costs, when there is money just sitting there, earning far less interest than the interest costs of the offsetting debt.

It's not unlike liquidating your savings account to pay credit card debt. Maybe you had important plans for those savings, but it's smarter to avoid paying high interest on your debt.

And of COURSE MAGA is bleating SOCIALISM SOCIALISM SOCIALISM. But you don't have to.

I'm not, and I didn't.