Mamdani’s big NYC budget will include ‘placeholder’ funding because of Dem-fueled delays

NY Post ^ | 5/11/26 | Vaughn Golden, Matthew Fischetti, Matt Troutman

[Libloather]

He’s being placeholder-ed in an awkward position.

Mayor Zohran Mamdani could be forced to release his executive budget Tuesday with “placeholder” estimates on key sources of revenue, after he tried to rely on dysfunction-riddled Albany to reach a deal on its own spending plan and bail out the Big Apple, insiders revealed.

The potential fill-in-the-blanks city budget plan is exactly what Mamdani tried to avert when he delayed its release from May 1 in hopes that Gov. Kathy Hochul and state lawmakers would reach a deal on its own long-delayed budget and give the city a windfall of new tax revenues.

Instead, Hizzoner watched helplessly as legislators last week embarrassingly swatted down Hochul’s premature claim to have reached a deal with her fellow Democrats in charge of state government — leaving the city in the lurch on major funding questions.

“This is a joke played on New Yorkers by the governor to make it appear all is well when it is not,” said Hank Sheinkopf, a longtime Democratic consultant.

One major likely guesstimate would be how much money a pied-à-terre tax, or levy on luxury second homes, will bring the city as the mayor hopes to close a reputed $5.4 billion budget shortfall.

The tax jointly proposed by Mamdani and Hochul — which would apply to second homes worth at least $5 million — is a sticking point in state budget talks.

Officials with the governor’s and mayor’s offices estimate the tax could generate an additional $500 million.

But the city comptroller’s office recently poured cold water on the prediction, arguing it could net somewhere between $340 and $380 million dollars, depending how certain exclusions are calculated.

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TOPICS: Conspiracy; Local News; Science; Society
KEYWORDS: budget; democrats; funding; grift; madmani

[Libloather]

And no cuts. (That's what we used to call 'em.)

[IllumiNaughtyByNature]

IOU’s for everyone. Lol. good luck with that.

[HYPOCRACY]

[Steven Tyler]

..spending plan..!!!

The globalists/marxist have run out of other peoples money.
Buffalo, a large NY state city, considered FJB’s one time covid money shots as continuing revenue. The dims added forever spending to match the one time revenue bailouts

https://www.audacy.com/wben/news/local/buffalo-lawmakers-posied-to-make-hard-budget-decisions

State Comptroller Thomas DiNapoli released his office’s review of the city of Buffalo’s finances last Friday. It found that the city faces a $103 million dollar deficit, which is $6 million less than Mayor Sean Ryan projected.

We have to make some hard decisions about how we’re going to fix a lot of these expenditures.”
She also said the tax levy increase alone, proposed at 25.8%, is not going to solve the problem.