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Mamdani’s $126B budget soars nearly 10% from last year, leaving NYC on verge of fiscal crisis
NY Post ^ | 6/30/26 | Craig McCarthy, Matthew Fischetti, Matt Troutman

Posted on 07/01/2026 3:10:36 AM PDT by Libloather

Zo’s busting the budget.

Mayor Zohran Mamdani’s inaugural, record-breaking nearly $126 billion budget passed late Tuesday — growing city spending by more than $10 billion from last year despite his past dire warnings about the Big Apple’s financial situation.

The under-the-wire vote by the City Council came just hours before a Wednesday deadline and after frantic last-minute attempts to drum up votes for a spending deal that disappointed lefties and moderates alike.

The budget, which includes no significant cuts, ballooned from last year’s roughly $116 billion spending plan, for an approximate 8.5% increase. It passed 45-6, largely on party lines.

And while the democratic socialist mayor managed to balance the budget, City Comptroller Mark Levine noted that he only did so by using $6.1 billion in one-time tricks and short-term savings.

“This agreement gets the city through an exceptionally difficult year, but it does not resolve the structural challenges ahead,” Levine said.

“With large out-year gaps, limited reserves and significant economic uncertainty, next year’s budget could be even more difficult.”

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Conspiracy; History; Local News
KEYWORDS: budget; crisis; fiscal; madmani

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You never really do run out of other people's money. Locals actually voted for this.
1 posted on 07/01/2026 3:10:36 AM PDT by Libloather
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To: Libloather

I hope it gets WAY worse for NUC!!
OWN it idiots!!!!!!!


2 posted on 07/01/2026 3:27:47 AM PDT by bantam
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To: bantam

NYC 🤦‍♂️


3 posted on 07/01/2026 3:28:31 AM PDT by bantam
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To: bantam

Agreed. One of the best ways to ultimately get rid of bad government and policy is to strictly enforce it.


4 posted on 07/01/2026 3:32:14 AM PDT by OttawaFreeper ("The Gardens was founded by men-sportsmen-who fought for their country" Conn Smythe, 1966 )
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To: Libloather

“democratic socialist”

Here is this newer term again this time the NYP, the MSM is applying this to all of the commie nutcase lefties, even heard it on a couple conservative podcasts.


5 posted on 07/01/2026 3:40:57 AM PDT by quantim (Victory is not relative, it is absolute.)
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To: All

Well that balanced budget didn’t last long.


6 posted on 07/01/2026 3:45:05 AM PDT by escapefromboston (Peace, commerce and honest friendship with all nations, entangling alliances with none.)
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To: Libloather
"It passed 45-6, largely on party lines."


7 posted on 07/01/2026 3:50:57 AM PDT by Bonemaker (invictus maneo )
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To: Libloather

That’s their plan. Destroy everything with a big smile.


8 posted on 07/01/2026 3:55:56 AM PDT by TornadoAlley3 ( I'm Proud To Be An Okie From Muskogee)
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To: Libloather

Maybe some more punitive taxes and no bid contracts will help. Combine that with sharia chanting five times a day and their utopia is sure to encourage productive constituents.


9 posted on 07/01/2026 3:58:02 AM PDT by Track9 (Liberal tears make me smile. Thank you DJT!)
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To: quantim
“democratic socialist”

In other words, DAZIs.

10 posted on 07/01/2026 3:58:17 AM PDT by Sirius Lee ("Never argue with a fool, onlookers may not be able to tell the difference.)
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To: Libloather

Not my problem, I don’t vote idiotic


11 posted on 07/01/2026 4:02:04 AM PDT by muir_redwoods (You choose; a world without dogs or a world without muslims.)
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To: bantam

Just tax the rich. Anyone making more than $10k per year.


12 posted on 07/01/2026 4:10:49 AM PDT by cp124 (Bring back the Constitution.)
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To: Libloather

Not a problem. Jihadists from around the world can fund or defund individuals or events in the Big Apple. ISLAMamdani is a conquering hero. NYC has toppled.


13 posted on 07/01/2026 4:26:33 AM PDT by PGalt (Past Peak Civilization? )
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To: Libloather

“It passed 45-6, largely on party lines.”

Tells you all you need to know................


14 posted on 07/01/2026 4:35:51 AM PDT by Red Badger (Iryna Zarutska, May 22, 2002 Kyiv, Ukraine – August 22, 2025 Charlotte, North Carolina Say her name)
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To: bantam

You could just tell that this was going to happen.


15 posted on 07/01/2026 4:45:39 AM PDT by oldtech (oltech)
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To: Libloather

Don’t expect President Trump to bail out New York. There’s a reason why his home town is now West Palm Beach, FL.


16 posted on 07/01/2026 4:45:54 AM PDT by Berosus (I wish I had as much faith in God as liberals have in government.)
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To: Libloather

No bailout!


17 posted on 07/01/2026 4:55:03 AM PDT by Uncle Miltie (FReeper Allahu Akhbar Chorus: B*tching about Jews to the day the scimitar slices their heads off!)
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To: Libloather

and how much money is the state going to give them?

Of course some 40% of state voters live in NYC so the tail sort of wags the dog here


18 posted on 07/01/2026 4:56:33 AM PDT by ChronicMA
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To: Libloather

But he balanced the budget in two weeks…/s


19 posted on 07/01/2026 5:18:32 AM PDT by Hyman Roth
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To: Bonemaker

Love that gif.


20 posted on 07/01/2026 5:29:12 AM PDT by sauropod (Make sure Satan has to climb over a lot of Scripture to get to you. John MacArthur Ne supra crepidam)
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