Posted on 01/30/2026 3:29:11 AM PST by Pete Dovgan
New York City (NYC) Mayor Zohran Mamdani cast blame on former NYC Mayor Eric Adams for the city’s $12 billion deficit budget, stating that the city is facing a “serious fiscal crisis.”
During a press conference on Wednesday, Mamdani accused Adams of underbudgeting important services that NYC residents “rely on every single day,” while “quietly leaving behind enormous gaps for the future.” Mamdani also accused former New York Gov. Andrew Cuomo (D) of extracting NYC’s “resources” and using the city’s revenues to “address state level holes, while withholding from the city what it was owed.”
“There is a massive fiscal deficit in our city’s budget to the tune of at least $12 billon. We did not arrive at this place by accident. This crisis has a name, and a chief architect,” Mamdani said. “In the words of The Jackson 5, it’s as easy as ABC. This is the ‘Adams Budget Crisis.'”
Mamdani went on to explain that under what Adams described as the “best budget ever,” Adams “handed the next administration a poisoned chalice.” Mamdani accused Adams of having “systematically under-budgeted services that New Yorkers rely on every single day.”
During the press conference, a reporter pointed out that Mamdani was “describing this sort of fundamental relationship reset” between the city and the state. The reporter added that “it would take more than just” two tax increases “to achieve that,” and questioned if Mamdani was “expecting to ask for” more “in terms of long-term.”…….
(Excerpt) Read more at breitbart.com ...
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Communists never can understand the concept of maximum tax income, or the Laffer curve. So it always ends in despair. When 2% of civilization pays more than 70% of the burden, running off the mules ends in disaster. That’s just math, and it has consequences like gravity.
Mandami needs to be honest now, they can dramatically increase taxes on the poor, or they are going to have to cut services. Perhaps both now.
Hahaha, already making excuses. Socialism will fix it.
NYC income taxes have to be approved by the state legislature and governor.
Communists love show trials. Mamdani should order the NYPD to arrest Adams. Then hold a show trial for him on Riker’s Island.
Just a suggestion.
According the Google Ai results: NYC spends 8 million dollars a day on illegals/migrants.
No worries. He will eventually arrive at the routine Socialist solution; people need to die.
Het Zohran, here’s an idea ...
Call in ICE to remove and DEPORT all your illegal aliens.
Get rid of them. They will suck your city dry.
“It’s worse than the great recession!” Commie idiot.
Folks like this clown think there enough rich bleeding hearts out there ready to take one for the team. What he will learn is these folks are really good at protecting what is theirs. He will end up actually having to tax everyone , which of course will make NYC even more unaffordable and less attractive and then the spiral really begins.
Mamdani should send some civil servants to Minnesota to open some daycare services. Problem solved.
Communism is the lie the evil tell the greedy and stupid. They understand these thing just fine. Their goal is destruction then consolidation of power to rule over the rubble.
Folks like this clown think there enough rich bleeding hearts out there ready to take one for the team. What he will learn is these folks are really good at protecting what is theirs. He will end up actually having to tax everyone , which of course will make NYC even more unaffordable and less attractive and then the spiral really begins.
Is Bruce Springsteen going to step up here?
He needs to write a song “On the Streets of New York”
Looks like Mamdani surveyed the landscape and could not find any Republican politicians to blame for the massive fiscal deficit from proliferate spending simply because there are no Republican politicians in NYC. So, he did the next best thing and blamed other irresponsible Democrats for the deficit he no doubt would have created if he was in office at the time.
Looks like Mamdani surveyed the landscape and could not find any Republican politicians to blame for the massive fiscal deficit from proliferate spending simply because there are no Republican politicians in NYC. So, he did the next best thing and blamed other irresponsible Democrats for the deficit he no doubt would have created if he was in office at the time.
If everything under Mamdani is free NYC will be out of debt in no time 😳
While he is probably correct since he has not been in office long enough. He also said hold my beer at the end of the press conference.
Mamdani just needs to get busy and get the city council to raise local taxes by 12 Billion and send it to the state legislature to approve it. Easy Peasy - problem solved.
That is what is happening in Chicago. Businesses are fleeing and commercial real estate prices are in a free fall. The only way to make up the loss for of commercial real estate property taxes is to increase property taxes for home owners.
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