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Posted on 02/17/2026 4:07:46 PM PST by Libloather
Follow live updates on New York City politics as Mayor Zohran Mamdani announced a record $127 billion budget proposal Tuesday.
The eye-popping amount — that one insider called “insanity” — is up around $11 billion from the current year.
The socialist city leader’s plan includes a whopping 9.5% proposed property tax hike on New Yorkers, which he claims would be a “last resort” — while allocating another $1.2 billion for migrants.
Mamdani, 34, unveiled his preliminary budget from the Blue Room at NYC City Hall this afternoon.
Get the latest news, analysis and more from our local politics reporters with up-to-the-minute updates:
Mamdani claims NYC property taxes will need to be raised by 9.5% and wants to drain $1 billion from rainy day fund By Hannah Fierick
Mayor Zohran Mamdani has declared that property taxes will require a 9.5% hike across NYC to make up for Gov. Kathy Hochul's refusal to hike taxes on NY's wealthy. He will also drain the city's rainy day fund by $1 billion.
He repeatedly stressed Tuesday that this hike will be a "last resort" that will only materialize in the event Hochul doesn't follow through on tax hikes.
(Excerpt) Read more at nypost.com ...
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It’s so easy to spend other peoples money.
The hard part is to force them to cough it up.
Oh, it's a sure thing. You know it. He knows it.
The city of Philly was consolidated in 1850. My guess by progressives tho i’m not sure. Time to unravel the mess of these large cities. Maybe breakups might create better governance.
High crime, corruption, uncontrollable spending, bankruptcy and apathy. All NYC problems they’ve gone through over the decades.
None of that killed the city. Not even 9/11. Giuliani proved that.
But this guy is going to finally do it and kill it off.
He increased the budget a smidgen.
Like the old Levis used to have relaxed fit with “a skosh” more room.
Gee, gotta hand it to him. I thought it would take at least six months to ruin the city. He’s done it in less than 2.
How much of a pay increase/benefits is he giving himself ?
I hope his pecker is longer that his service time as mayor. And what a cheap skate. Only 1.5 billion for immigrants. That should be around 6.7 billion if you ask me. s/
I’m sure HIS voters will agree and gladly pay their fair share.
50 yeas ago, the TOTAL budget for the entire US was $250 billion. Look where we are now.
Only 1.5 billion for immigrants. That should be around 6.7 billion if you ask me. s/
Lots of money for his lazy muslim buddies
“50 yeas ago, the TOTAL budget for the entire US was $250 billion. Look where we are now.”
$365 billion with a $65 billion deficit.
Who is that military man? Captain Kangaroo?
The idea of a large city broken up into separate legal jurisdictions has occurred to me. States have seceded, or in more modern times threatened to do so. It makes you wonder, is New York City so monolithic that a rebellion leading do dismantling of the political control and administration of the city out of the question?
Destroy New York so it can sild cheaply and then build it back up. It is an old ploy.
He must be gonna start a whole bunch of new LEARING Centers
He’ll “just” tax the “rich”.
Then the “rich” will use every tax loop-hole.
Receipts won’t match expectations, debt climbs.
They’ll clamp down with new law.
Then the real rich will leave.
Debt climbs radically.
Then everyone remaining is considered “rich”.
Taxes go up on everyone.
Everyone is left worse than they started with.
But everything will be “free”.
DeSantis should move there and run. He’ll be out of work soon and could move there as Trump’s UN rep while running. What-2029? I dunno. Perhaps another one of his operatives.
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