Click here: to donate by Credit Card
Or here: to donate by PayPal
Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794
Thank you very much and God bless you.
Posted on 01/30/2026 12:00:20 PM PST by E. Pluribus Unum
Mayor Zohran Mamdani publicizes a $12 billion hole in New York’s budget over the next two years—and draws some political battle lines.
The honeymoon is officially over.
That was the deeper meaning of Mayor Zohran Mamdani’s somber Wednesday morning City Hall press conference disclosing the not-exactly-shocking news that regarding the next two fiscal years New York faces a $12 billion hole in the city’s finances. The budget gap itself was old news, disclosed first by Comptroller Mark Levine nearly two weeks ago—in an announcement whose details owed much to his predecessor, former comptroller Brad Lander’s final report, which had projected “a $2.18 billion gap for FY 2026…a gap of $10.41 billion [in FY 2027], $13.24 billion in FY 2028, and $12.36 billion in FY 2029.”
Lander’s mid-December warning drew little coverage—apart from a New York Post editorial board’s crowing that the looming deficits “will surely dent Mayor-elect Zohran Mamdani’s freebie-filled socialist agenda.” But the mayor’s dramatic tale of his predecessor’s fiscal fiddling was designed with a clear political agenda in mind: both to underline the magnitude of the problem and to identify the villains responsible for this perfidy. “In the words of the Jackson 5, ‘it’s as easy as ABC,’” said the mayor, reprising a tune from his interview earlier in the week with ABC’s Jonathan Karl. “This is an Adams Budget Crisis.”
I’ll leave it to younger Nation readers to decide whether our code-switching mayor’s allusion was designed, as Gothamist suggested, to appeal to the aging boomers “most likely to care deeply about the details behind a major financial issue” or a callout to the TV network getting an early look at...
(Excerpt) Read more at msn.com ...
|
|
Click here: to donate by Credit Card Or here: to donate by PayPal Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794 Thank you very much and God bless you. |
NY City is a welfare city - it exists off taxes of the rich, skimmings from Wall Street and Federal Transfers. It produces almost NOTHING real.
Even with the stock market at record highs, the progs and marxists there NEVER will have enough.
>>Looks like Zohran has already run out of other people’s money.
Sounds like he’s angling for a “wealth tax” on NYC.
That’s what happens when you drive away “Your Taxpaying Whales”
Plenty of money in New York.And outside of it. Slap more taxes on the “rich” (code word for white) people in New York. Then start assessing income taxes on all employees of companies headquartered in New York.And tax bank accounts wherever they might be for banks with chartered in New York. And be sure to put a stiff exit tax in place. A one percent tax on all bank accounts held by Citi, JPM Chase, etc, will liberate lots of Other People’s Money. Tax every transaction on the New York Stock exchange. Put in a rent freeze and then tax gross rental payment.
The sky is the limit for Communists, and it’s time for the (white) proletariat to pay up.
Well…… To be fair, even though the guy is a loathsome POS… He DID inherit this mess from the last Democrat loathsome POS asshole that was running the city…
He really hasn’t had a chance to put his own special brand of F up on this… Yet.
But you can guarantee that’s coming…
Don’t know what’s more dated about that image - Stocks Skid, Dow Down 12, or the price of the Newspaper 15 cents (unlike my antique typewriter, my keyboard doesn’t even have a ¢ key).
WALL STREET IS MOVING TO TEXAS & FLORIDA.
Plan B - Try to seize the property of Everyone in NYC!
Most of the “transactions” for the Wall Street rich happen in New Jersey or Florida now. The smart money left NYC a long time ago.
I hope someone has a copy for Mamdani.
Did you notice the stocks reference? ....Dow Down 12, in a sub-1000 Dow Jones world. The fiat, deficit money printing craze had not yet hit full-force.
And to think there were people stupid enough to vote for this idiot.
“And to think there were people stupid enough to vote for this idiot”
He won a legit majority of the vote. Tells you what is left of the NYC populace, leaches, parasites, idiots, illegals, leftists.... I could go on.
No mention of the 10 NYC residents who froze to death during the storm...?
Popular bumper sticker in 1980s Upstate New York: “LET THE APPLE ROT”
Gonna be tough gettin’ them free programs goin’ with no money in the til
Free busses, free childcare...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.